Oriental Energy Co.Ltd(002221)
Special report on the deposit and use of raised funds in 2021
1、 Basic information of raised funds
(I) basic information of funds raised by non-public offering in 2015
1. Amount and time of funds raised
Approved by the reply on approving Oriental Energy Co.Ltd(002221) non-public Development Bank shares (zjxk [2016] No. 993) of China Securities Regulatory Commission, the company issued 228346456 non-public shares in September 2016, with a par value of 1.00 yuan per share, an issue price of 12.7 yuan per share and a total raised capital of 289999999120 yuan, After deducting the issuance expenses of 1824733530 yuan, the net amount of raised funds was 288175265590 yuan. The net amount of the above raised funds has been verified and confirmed by Jiangsu Suya Jincheng certified public accountants, and the capital verification report (Suya Yan [2016] No. 57) has been issued.
2. Amount of raised funds used in the current year and balance at the end of the period
The company has used 1936519700 yuan of raised funds in previous years, and the net amount of bank deposit interest and wealth management income received in previous years after deducting bank handling fees is 179710200 yuan; The actual use of the raised funds in 2021 was 276252200 yuan; The net amount of bank deposit interest and wealth management income received in 2021 after deducting bank handling charges is 5.3403 million yuan; The accumulated used raised capital is 2212771900 yuan, and the accumulated net amount of bank deposit interest and wealth management income minus bank handling fees is 1850505 million yuan. In 2021, the company used idle raised funds to temporarily supplement working capital, amounting to 718.9 million yuan.
As of December 31, 2021, the balance of the company's raised funds was 8540312 million yuan, of which the balance deposited in the special account for raised funds was 1351312 million yuan, and the balance of using idle raised funds to temporarily supplement working capital was 71.89 million yuan.
2、 Management and deposit of raised funds
(I) management of raised funds
In order to standardize the management and use of raised funds, the company has formulated the raised funds management system in combination with the actual situation in accordance with the provisions of normative documents such as the stock listing rules of Shenzhen Stock Exchange and the guidelines for the standardized operation of listed companies of Shenzhen Stock Exchange. According to the system, the company implements a special account for the raised funds. During the reporting period, the company effectively supervised and managed the storage and use of raised funds in accordance with the provisions and requirements of the raised funds management system, so as to ensure the construction of investment projects with raised funds. When using the raised funds, strictly perform the corresponding application and approval procedures, timely notify the recommendation institution, and accept the supervision of the recommendation representative at any time.
In October 2016, Oriental Energy Co.Ltd(002221) and Agricultural Bank Of China Limited(601288) Zhangjiagang branch, China Minsheng Banking Corp.Ltd(600016) Nanjing Branch, Industrial And Commercial Bank Of China Limited(601398) Zhangjiagang branch, China Construction Bank Corporation(601939) Zhangjiagang Gangcheng sub branch, Bank Of Communications Co.Ltd(601328) Zhangjiagang branch China Zheshang Bank Co.Ltd(601916) Ningbo Yinnan small and micro enterprise franchise sub branch and the sponsor First Capital Securities Co.Ltd(002797) securities underwriting and recommendation Co., Ltd. signed the tripartite supervision agreement on Oriental Energy Co.Ltd(002221) raised funds.
Signed the tripartite supervision agreement on Oriental Energy Co.Ltd(002221) raised funds with Agricultural Bank Of China Limited(601288) Ningbo Daxie sub branch, Industrial And Commercial Bank Of China Limited(601398) Ningbo Daxie sub branch, Bank Of Communications Co.Ltd(601328) Ningbo branch business department and the sponsor First Capital Securities Co.Ltd(002797) securities underwriting and recommendation Co., Ltd.
In June 2018, Oriental Energy Co.Ltd(002221) and its subsidiary Ningbo baidinian liquefied petroleum gas Co., Ltd. (hereinafter referred to as "Ningbo baidinian") signed the tripartite supervision agreement on Oriental Energy Co.Ltd(002221) raised funds with Industrial And Commercial Bank Of China Limited(601398) Ningbo Daxie sub branch, Bank Of Communications Co.Ltd(601328) Ningbo branch business department and the sponsor First Capital Securities Co.Ltd(002797) securities underwriting and recommendation Co., Ltd.
In January 2019, Oriental Energy Co.Ltd(002221) and its subsidiary Ningbo new materials signed the tripartite supervision agreement on Oriental Energy Co.Ltd(002221) raised funds with Bank Of Communications Co.Ltd(601328) Ningbo Xiaowen Street sub branch, Ningbo Daxie sub branch of Agricultural Bank of China and First Capital Securities Co.Ltd(002797) securities underwriting and recommendation Co., Ltd.
In April 2019, Oriental Energy Co.Ltd(002221) and its subsidiary Ningbo new materials signed the tripartite supervision agreement for Oriental Energy Co.Ltd(002221) raised funds with Industrial And Commercial Bank Of China Limited(601398) Ningbo Daxie sub branch and the sponsor First Capital Securities Co.Ltd(002797) securities underwriting and recommendation Co., Ltd.
There is no significant difference between the above tripartite supervision agreement on raised funds and the model tripartite supervision agreement issued by Shenzhen Stock Exchange; All parties concerned strictly followed the agreement, and the tripartite supervision agreement on raised funds was well performed without other major problems. (II) storage of raised funds in special account
Funds raised from non-public offering in 2015
The company has opened special accounts for raised capital in each bank that has signed the tripartite supervision agreement for raised funds. As of December 31, 2021, the balance of raised funds in each special account is as follows:
Account balance of deposit bank (yuan)
Agricultural Bank Of China Limited(601288) Zhangjiagang branch 10528 Zhangjiagang Zhonghuan Hailu High-End Equipmentco.Ltd(301040) 05510016325963
China Minsheng Banking Corp.Ltd(600016) Nanjing Branch (Note 1) 698365369-
Industrial And Commercial Bank Of China Limited(601398) Zhangjiagang branch 11020285290 Shenzhen Center Power Tech.Co.Ltd(002733) 8967563.55
China Construction Bank Corporation(601939) Zhangjiagang Gangcheng sub branch 3225019862550 China Tianying Inc(000035) 589221.76
Bank Of Communications Co.Ltd(601328) Zhangjiagang branch 3253875090188 China Union Holdings Ltd(000036) 5425617.95
China Zheshang Bank Co.Ltd(601916) Ningbo Science and technology sub branch (Note 2) 332 Guangdong Hongtu Technology (Holdings) Co.Ltd(002101) 01201 Norinco International Cooperation Ltd(000065) 9128924568
Agricultural Bank Of China Limited(601288) Ningbo Daxie sub branch 3935200104013866325197617
Industrial And Commercial Bank Of China Limited(601398) Ningbo Daxie sub branch 39012100380 Digital China Group Co.Ltd(000034) 0767990454
Bank Of Communications Co.Ltd(601328) Ningbo Branch Business Department 33200627101801022541211389962570
Bank Of Communications Co.Ltd(601328) Ningbo Branch Business Department 332006271018010280383349423976
Industrial And Commercial Bank Of China Limited(601398) Ningbo Daxie sub branch 3901210029 Shahe Industrial Co.Ltd(000014) 65014469304
Industrial And Commercial Bank Of China Limited(601398) Ningbo Daxie sub branch 39012100291 Ping An Bank Co.Ltd(000001) 4000
Bank Of Communications Co.Ltd(601328) ningbo Gulou sub branch (Note 3) 33200625201801006046736739294
Agricultural Bank Of China Limited(601288) Ningbo Daxie sub branch 3935200104017800556728751
Account balance of deposit bank (yuan)
Industrial And Commercial Bank Of China Limited(601398) Ningbo Daxie sub branch 39012100290 Anhui Fengyuan Pharmaceutical Co.Ltd(000153) 0491185.45
Total 13513121368
Note 1: 698365369 the account was closed with interest settlement on November 2, 2016.
Note 2: China Zheshang Bank Co.Ltd(601916) Ningbo Yinnan small and micro enterprise franchise sub branch was renamed China Zheshang Bank Co.Ltd(601916) Ningbo Science and technology sub branch on January 4, 2022.
Note 3: Bank Of Communications Co.Ltd(601328) Ningbo Xiaowen Street sub branch was renamed Bank Of Communications Co.Ltd(601328) Ningbo Gulou sub branch on July 26, 2019.
3、 Actual use of raised funds in 2021
(I) actual use of non-public offering funds in 2015
1. Use of funds raised for investment projects
See the following table for the use of funds raised for investment projects.
2. Advance investment and replacement of investment projects with raised funds
In order to ensure the smooth implementation of the investment projects with raised funds, before the funds raised this time are in place, the company pre invested one of the investment projects with raised funds with self raised funds: acquiring 44% equity of Yangzi River petrochemical. As of September 27, 2016, the cumulative amount of the company's self raised funds invested in the projects with raised funds in advance was RMB 500 million, and the self raised funds planned to replace the projects with raised funds in advance were RMB 500 million.
The 28th meeting of the third board of directors of the company in 2016 resolved: "If the net amount of funds actually raised in this non-public offering is less than the total amount of funds to be invested in the above projects, the insufficient part of the funds raised shall be raised by the company itself; if there is any surplus of the funds raised, it will be used to supplement the working capital; if the time when the funds raised are in place is inconsistent with the progress of project implementation, the company can invest other funds first according to the actual situation and replace them after the funds raised are in place." The board of supervisors, independent directors and recommendation institutions of the company expressed their consent. In November 2016, the company replaced the project with an initial investment of 500 million yuan.
(II) purpose and destination of unused raised funds
As of December 31, 2021, part of the unused raised funds had been deposited in the special account for raised funds opened by the company and its subsidiaries Ningbo new materials, Ningbo century land, etc., and the balance of the special account for raised funds was 1351312 million yuan.
(III) temporary replenishment of working capital with idle raised funds
At the 17th meeting of the 5th board of directors held on October 14, 2020, the company deliberated and adopted the proposal on using some idle raised funds to temporarily supplement working capital. It is agreed to use the idle raised funds of no more than RMB 1 million to temporarily supplement the working capital for the production and operation related to the company's main business. The service life shall not exceed 12 months from the date of deliberation and approval by the board of directors, and will be returned to the special account for raised funds upon expiration. The company used a total of 718.9 million yuan of idle raised funds to supplement working capital. As of October 11, 2021, the company has returned all 718.9 million yuan of the above-mentioned raised funds to the special account for raised funds of the company, and the service life is no more than 12 months.
At the 30th meeting of the 5th board of directors held on October 12, 2021, the company deliberated and adopted the proposal on using some idle raised funds to temporarily supplement working capital. It is agreed to use the idle raised funds of no more than RMB 90 million to temporarily supplement the working capital for the production and operation related to the company's main business. The service life shall not exceed 12 months from the date of deliberation and approval by the board of directors, and will be returned to the special account for raised funds upon expiration. From October 12, 2021 to December 31, 2021, the company has used idle raised funds to temporarily supplement working capital of RMB 718.9 million.
As of December 31, 2021, the balance of working capital temporarily supplemented by idle raised funds was 718.9 million yuan.
4、 Change the use of funds for investment projects with raised funds
At the 21st Meeting of the 4th board of directors held on April 25, 2018, the company deliberated and adopted the proposal on changing the purpose of some raised funds. On May 18, 2018, the company held the 2017 annual general meeting of shareholders and agreed to change the purpose of some raised funds. The third meeting of the company held on January 8, 2019
