About Wuxi Autowell Technology Co.Ltd(688516)
Verification report on the use of the previously raised funds
Lixin Zhonglian zhuanshen Zi [2022] d-0293
Lixin Zhonglian CPA (special general partner ship)
Lixin Zhonglian Certified Public Accountants (special general partnership)
LixinZhonglian CPAs (SPECIAL GENERAL PARTNERSHIP)
Verification report on the use of the previously raised funds
Lixin Zhonglian zhuanshen Zi [2022] d-0293
Wuxi Autowell Technology Co.Ltd(688516) all shareholders:
We have reviewed the attached special report on the use of the previously raised funds prepared by the board of directors of Wuxi Autowell Technology Co.Ltd(688516) (hereinafter referred to as "your company") as of March 31, 2022.
1、 Responsibilities of the board of directors
The responsibility of the board of directors of your company is to provide true, legal and complete relevant materials, prepare the special report on the use of previously raised funds as of March 31, 2022 in accordance with the provisions on the report on the use of previously raised funds (Zheng Jian FA FA Zi [2007] No. 500) of China Securities Regulatory Commission, and ensure that its contents are true, accurate and complete without false records, misleading statements or major omissions.
2、 Responsibilities of Certified Public Accountants
Our responsibility is to independently put forward the assurance conclusion of the above report prepared by the board of directors of your company on the basis of the implementation of the assurance work.
3、 Job overview
We have carried out the assurance business in accordance with the provisions of other assurance business standards for Chinese certified public accountants No. 3101 - assurance business other than audit or review of historical financial information. The standard requires us to plan and implement assurance work to obtain reasonable assurance on whether the information of the assurance object is free from material misstatement.
In the assurance process, we have implemented procedures that we consider necessary, including checking accounting records.
We believe that our assurance work provides a reasonable basis for expressing opinions.
Lixin Zhonglian zhuanshen Zi [2022] d-0293 IV. assurance conclusion
We believe that the special report on the use of the previously raised funds prepared by the board of directors of your company as of March 31, 2022 complies with the provisions on the report on the use of the previously raised funds (Zheng Jian FA FA Zi [2007] No. 500) of the CSRC, and truthfully reflects the use of the previously raised funds of your company as of March 31, 2022 in all major aspects.
5、 Restrictions on the users and purposes of the report
This assurance report is only for your company's use in this application for non-public offering of shares, and shall not be used for any other purpose. We agree to take this assurance report as a necessary document for your company's application for non-public offering of shares, submit it together with other documents and disclose it to the public.
Lixin Zhonglian zhuanshen Zi [2022] d-0293 this page is the signature page of the verification report on the use of Wuxi Autowell Technology Co.Ltd(688516) previously raised funds (this page has no text)
China certified public accountant of Lixin Zhonglian certified public accountants: Li Chunhua
(special general partnership) (project partner)
Chinese certified public accountant: Cao Yuchen
Tianjin, China April 20, 2022
Wuxi Autowell Technology Co.Ltd(688516)
Special report on the use of previously raised funds
In accordance with the provisions of the China Securities Regulatory Commission on the report on the use of the previously raised funds (Zheng Jian FA FA Zi [2007] No. 500), the company will report the use of the previously raised funds as of March 31, 2022 as follows:
1、 Raising and deposit of the previously raised funds
（1） Basic information of previously raised funds
According to the reply on Approving the registration of initial public offering of shares of Wuxi aotevi Technology Co., Ltd. (zjxk [2020] No. 718) issued by China Securities Regulatory Commission (hereinafter referred to as "CSRC"), and with the consent of Shanghai Stock Exchange, the company issued 24670000 ordinary shares (A shares) in RMB for the first time, with a par value of 1.00 yuan per share and an issue price of 23.28 yuan per share. The total amount of funds raised in this public offering is 574317600 yuan. After deducting the issuance expenses of 620443 million yuan, the net amount of funds raised is 512273300 yuan. All the above-mentioned raised funds were in place on May 18, 2020. Lixin Zhonglian Certified Public Accountants (special general partnership) verified the availability of funds on May 19, 2020 and issued the capital verification report (Lixin Zhonglian Yan Zi [2020] d-0018).
As of March 31, 2022, the actual use and balance of the company's raised funds are shown in the table below:
Project amount
Total raised funds 57431760000
Less: deducted recommendation fee and underwriting fee 4803601576
The paid in amount of the special account for raised funds is 52628158424
Less: payment of other issuance expenses (including tax) 1178800000
Plus: current interest income of raised funds 143324812
Less: bank charges 494365
Plus: income from financial products 1526478152
Less: use amount of raised funds for investment projects 42617384340
Balance of raised funds 10501282683
Including: ending balance of special account for raised funds 5501282683
Including: amount not yet due for cash management: 5000000000
（2） Storage of previously raised funds in special account
In accordance with the measures for the administration of securities issuance of listed companies and the measures for the administration of funds raised by listed companies of Shanghai Stock Exchange (revised in 2013), the company has opened a special account for the storage of raised funds in the following banks.
As of March 31, 2022, the storage of the company's previously raised funds is listed as follows:
Unit: RMB
No. opening bank account No. initial amount ending balance
1. Bank Of Jiangsu Co.Ltd(600919) Wuxi science and technology sub branch 219101880001849788659240000 0.00
2. Industrial Bank Co.Ltd(601166) Wuxi Branch Business Department 408401010010005423923534076 Shenzhen Yan Tian Port Holdings Co.Ltd(000088) 7899503
Bank Of Ningbo Co.Ltd(002142) none
3. 78081220 Aotecar New Energy Technology Co.Ltd(002239) 86281584244613383180 Xixin District sub branch
Total 526281584245501282683
2、 Use of previously raised funds
As of March 31, 2022, the use of the company's previously raised funds is detailed in schedule I comparison table of the use of previously raised funds.
3、 Change of previous raised funds
As of March 31, 2022, the company has not changed the actual investment projects of the previously raised funds.
4、 Contents and reasons for the difference between the actual total investment of the previous fund-raising project and the commitment
There is no difference between the actual total investment of the project raised by the company in the previous time and the commitment.
5、 Description of the external transfer or replacement of the investment project of the previously raised funds
There is no external transfer or replacement of the investment project invested by the company's previously raised funds.
6、 Description of the benefits achieved by the investment project of the previously raised funds
The company made an initial public offering in 2020 and was listed on the science and innovation board. The prospectus did not make any commitment to the use efficiency of the raised funds. Therefore, the comparison table of the benefits achieved by the investment projects of the previously raised funds is not applicable.
7、 Description of the operation of the assets used to subscribe for shares in the previous raised funds
The company's previously raised funds were not used to subscribe for shares.
8、 Use of idle raised funds
On June 15, 2021, Wuxi Autowell Technology Co.Ltd(688516) (hereinafter referred to as " Wuxi Autowell Technology Co.Ltd(688516) " or "the company") held the 24th Meeting of the second board of directors and the 16th meeting of the second board of supervisors, deliberated and adopted the proposal on cash management with temporarily idle raised funds, in order to further standardize the use and management of raised funds of the company, It is agreed that the company will use the temporarily idle raised funds with an amount of no more than RMB 300 million for cash management without affecting the normal progress of the investment plan of the raised funds to purchase products with high security, meeting the principal guaranteed requirements and good liquidity (including but not limited to purchasing principal guaranteed financial products, structured deposits, large certificates of deposit, time deposits, notice deposits, etc.), The service life is valid within 12 months from the date of deliberation and approval by the board of directors of the company. Within the above-mentioned limit and service life, the funds can be used in a circular and rolling manner.
On June 19, 2020, Wuxi Autowell Technology Co.Ltd(688516) (hereinafter referred to as " Wuxi Autowell Technology Co.Ltd(688516) " or "the company") held the 14th meeting of the second board of directors and the 11th meeting of the second board of supervisors, deliberated and adopted the proposal on cash management with temporarily idle raised funds, in order to further standardize the use and management of raised funds of the company, It is agreed that the company, without affecting the normal progress of the investment plan of the raised funds, will use the temporarily idle raised funds with a limit of no more than RMB 500 million for cash management to purchase products with high security, meeting the principal guaranteed requirements and good liquidity (including but not limited to purchasing principal guaranteed financial products, structured deposits, large certificates of deposit, time deposits, notice deposits, etc.), The service life is valid within 12 months from the date of deliberation and approval by the board of directors of the company. Within the above-mentioned limit and service life, the funds can be used in a circular and rolling manner.
In April 2020, the company and the sponsor, Cinda Securities Co., Ltd. (hereinafter referred to as the "sponsor") signed contracts with Bank Of Jiangsu Co.Ltd(600919) Wuxi science and technology sub branch, Industrial Bank Co.Ltd(601166) Wuxi branch business department and Bank Of Ningbo Co.Ltd(002142) Wuxi New Area sub branch of Co., Ltd
