Capital Securities Co., Ltd
About Beijing Bayi Space Lcd Technology Co.Ltd(688181)
Special verification opinions on the deposit and use of raised funds in 2021
Capital Securities Co., Ltd. (hereinafter referred to as "capital securities" and "sponsor") is a sponsor of Beijing Bayi Space Lcd Technology Co.Ltd(688181) (hereinafter referred to as " Beijing Bayi Space Lcd Technology Co.Ltd(688181) " and "company") for initial public offering, listing on the science and innovation board and continuous supervision, In accordance with the requirements of relevant laws and regulations such as the measures for the administration of securities issuance and listing recommendation business, the guidelines for the supervision of listed companies No. 2 - regulatory requirements for the management and use of raised funds by listed companies, the Listing Rules of Shanghai Stock Exchange Kechuang board and the guidelines for the self discipline supervision of listed companies on Shanghai Stock Exchange Kechuang board No. 1 - standardized operation, Prudently checked the deposit and use of raised funds in Beijing Bayi Space Lcd Technology Co.Ltd(688181) 2021. The details are as follows:
1、 Basic information of raised funds
(I) actual amount of funds raised and time of funds in place
With the approval of the China Securities Regulatory Commission on Approving the registration of Beijing Bayi Space Lcd Technology Co.Ltd(688181) initial public offering of shares (zjxk [2019] No. 2696), and with the consent of Shanghai Stock Exchange, the company publicly issued 24118254 ordinary shares in RMB in December 2019, with a par value of 1.00 yuan per share, an issue price of 43.98 yuan per share and a total raised capital of 106072081092 yuan, The net amount of the raised capital after deducting the issuance expenses is 97791107348 yuan. The availability of the above raised funds has been verified by Grant Thornton Certified Public Accountants (special general partnership) and a capital verification report (Grant Thornton Yan Zi (2019) No. 110zc0292) has been issued. The company has stored the raised funds in a special account and signed the tripartite supervision agreement on the storage of raised funds in a special account with the sponsor and the commercial bank storing the raised funds.
(II) use and balance of raised funds in 2021
As of December 31, 2021, the company has accumulated 37220019574 yuan of raised funds. At the same time, the company used some temporarily idle raised funds for cash management. As of December 31, 2021, the total balance of the special account for raised funds of the company and its subsidiaries was RMB 11416490754. The details are as follows:
Project amount (RMB)
On December 31, 2019, the actual amount of raised funds received was 1 Anhui Xinbo Aluminum Co.Ltd(003038) 50086
Less: accumulated amount of raised investment projects 24220019574
Of which: 2688262268 yuan of self raised funds invested in the raised investment project in advance are replaced by the raised funds
Direct investment amount of raised funds 21531757306
Less: service charge 496143
Less: purchase financial management 540000000000
Less: paid issuance expenses (excluding tax) withdrawn from raised funds 197506890
Less: permanent supplementary working capital of over raised capital 130000000000
Plus: interest income and financial management income 4308163275
As of December 31, 2021, the balance of raised funds was 11416490754
2、 Management of raised funds
(I) establishment of fund raising management system
In order to standardize the management and use of raised funds and protect the rights and interests of investors, the company has formulated the Beijing Bayi Space Lcd Technology Co.Ltd(688181) raised funds management system (hereinafter referred to as the raised funds management system) in accordance with the provisions of relevant laws and regulations and in combination with the actual situation of the company.
The company has signed the tripartite supervision agreement on the storage of special account for raised funds with the sponsor's pioneering securities and China Citic Bank Corporation Limited(601998) Beijing branch where the raised funds are deposited. On February 22, 2021, the company, Shanghai Beijing Bayi Space Lcd Technology Co.Ltd(688181) Advanced Materials Co., Ltd. (hereinafter referred to as "Shanghai Beijing Bayi Space Lcd Technology Co.Ltd(688181) ") and the commercial bank China Merchants Bank Co.Ltd(600036) Shanghai pilot Free Trade Zone Branch of Capital Securities and deposited the raised funds signed the four party supervision agreement on the storage of the special account for raised funds. On July 27, 2021, the company and Zhejiang Beijing Bayi Space Lcd Technology Co.Ltd(688181) Advanced Materials Co., Ltd. (hereinafter referred to as "Zhejiang Beijing Bayi Space Lcd Technology Co.Ltd(688181) ") signed the four party supervision agreement on the storage of special account for raised funds with capital securities and Shangyu branch of China China Construction Bank Corporation(601939) Co., Ltd., a commercial bank for the deposit of raised funds. According to the relevant provisions of the raised funds management system, the company strictly approves the use of the raised funds to ensure that the special funds are used for special purposes. As of December 31, 2021, the company and its subsidiaries Shanghai Beijing Bayi Space Lcd Technology Co.Ltd(688181) , Zhejiang Beijing Bayi Space Lcd Technology Co.Ltd(688181) have deposited and used the raised funds in strict accordance with the provisions of the raised funds management system, the tripartite supervision agreement on the storage of raised funds and the quadripartite supervision agreement on the storage of raised funds.
(II) storage of raised funds in special account
As of December 31, 2021, the specific deposits of the company's raised funds are as follows:
Deposit bank account No. account category deposit balance (yuan)
China Citic Bank Corporation Limited(601998) Beijing Overseas center sub branch 811070101 Zhejiang Jolly Pharmaceutical Co.Ltd(300181) 1019 special account for raised funds 6913306308
Hua Xia Bank Co.Limited(600015) Beijing Beijing Centergate Technologies (Holding) Co.Ltd(000931) sub branch 10277 Ping An Bank Co.Ltd(000001) 26851 special account for financing raised funds 0.02
Bank Of Beijing Co.Ltd(601169) Beijing Centergate Technologies (Holding) Co.Ltd(000931) Haidianyuan sub branch 20 Shenzhen Fountain Corporation(000005) 919 China Tianying Inc(000035) 630507 special account for financial management of raised funds 0
China China Construction Bank Corporation(601939) Lugu Street sub branch 1105026477000 Ping An Bank Co.Ltd(000001) 0 special account for financing of raised funds 0
Bank Of Hangzhou Co.Ltd(600926) Beijing Beijing Centergate Technologies (Holding) Co.Ltd(000931) sub branch 11010401 Jiangsu Holly Corporation(600128) 2705 special account for financing of raised funds 0
Total - 6913306310
As of December 31, 2021, the deposits of Shanghai Beijing Bayi Space Lcd Technology Co.Ltd(688181) and Zhejiang Beijing Bayi Space Lcd Technology Co.Ltd(688181) over raised funds are as follows:
Company name deposit bank account number account type deposit balance (yuan)
Funds raised by China Merchants Bank Co.Ltd(600036) Co., Ltd
Company Shanghai free trade test 121940782210810 special account 3261631829 District Branch
Funds raised by Shanghai Beijing Bayi Space Lcd Technology Co.Ltd(688181) Bank Of Ningbo Co.Ltd(002142) Beijing Branch
Business department 77010122001281208 special account for financial management 0.01
Total - 3261631830
China China Construction Bank Corporation(601939) Co., Ltd. 3305016564610 China International Marine Containers (Group) Co.Ltd(000039) 1 raised funds 1241552614 special account of Shangyu sub branch of Zhejiang Beijing Bayi Space Lcd Technology Co.Ltd(688181) Co., Ltd
Total - 1241552614
3、 Actual use of raised funds in 2021
(I) use of funds for investment projects with raised funds
The actual use of the company's raised funds in 2021 is detailed in Annex 1: comparison table of the use of raised funds.
(II) advance investment and replacement of investment projects with raised funds
In 2021, the company did not involve the early investment and replacement of raised investment projects.
(III) cash management of idle raised funds
On December 30, 2020, the company held the sixth meeting of the Fourth Board of directors and the fifth meeting of the Fourth Board of supervisors, deliberated and adopted the proposal on cash management with some temporarily idle raised funds, and agreed that the company would not affect the orderly implementation of investment projects with raised funds and the safety of raised funds, Part of the temporarily idle raised funds with a use limit of no more than RMB 940 million (including RMB 940 million) are used for cash management for the purchase of principal guaranteed financial products with high safety and good liquidity. The above limit is effective within 12 months from the date of deliberation and approval by the board of directors of the company. Within the above limit and period, the funds can be used circularly and continuously.
On December 27, 2021, the company held the 12th meeting of the 4th board of directors and the 11th meeting of the 4th board of supervisors, deliberated and approved the proposal on using some temporarily idle raised funds for cash management, and agreed that the company would not affect the orderly implementation of the investment projects of raised funds and the safety of raised funds, Part of the temporarily idle raised funds with a use limit of no more than 650 million yuan (including 650 million yuan) are used for cash management for the purchase of principal guaranteed financial products with high safety and good liquidity. The above limit is effective within 12 months from the date of deliberation and approval by the board of directors of the company. Within the above limit and period, the funds can be used circularly and continuously.
As of December 31, 2021, the company and its subsidiaries used temporarily idle raised funds for cash management, with a balance of 540 million yuan, and relevant agreements are being fulfilled.
(IV) permanent replenishment of working capital with over raised funds
The company held the 7th Meeting of the 4th board of directors and the 6th meeting of the 4th board of supervisors on April 19, 2021, and the 2020 annual general meeting of shareholders on May 12, 2021. Both reviewed and approved the proposal on using part of the over raised funds to permanently supplement working capital, and agreed that the company should use part of the over raised funds of RMB 130 million to permanently supplement working capital, accounting for 19.46% of the total over raised funds.
As of December 31, 2021, the company used the over raised funds to permanently supplement the working capital, with an amount of 130 million yuan. The company did not make high-risk investment or provide financial assistance to objects other than holding subsidiaries after the over raised funds permanently supplemented the working capital.
(V) use of over raised funds for projects under construction and new projects
The company held the third meeting of the Fourth Board of directors and the third meeting of the Fourth Board of supervisors on September 21, 2020, and the second extraordinary general meeting of shareholders in 2020 on October 12, 2020. All of them considered and adopted the proposal on using part of the over raised funds to invest in the establishment of wholly-owned subsidiaries to carry out new projects. It is agreed that the company will use the over raised capital of 100 million yuan to invest in the establishment of a wholly-owned subsidiary in Shanghai, and the wholly-owned subsidiary in Shanghai will carry out the "advanced material R & D project".
The company held the ninth meeting of the Fourth Board of directors and the eighth meeting of the Fourth Board of supervisors on July 11, 2021, and the first extraordinary general meeting of shareholders in 2021 on July 27, 2021, which considered and adopted the proposal on using the raised funds to invest in the construction of "Zhejiang Shangyu electronic material base project", It is agreed that the company will use the over raised funds (including interest) of 470 million yuan to invest in the construction of "Zhejiang Shangyu electronic material base project". (VI) other information about the use of raised funds
The phase II project with an annual output of 100 tons of liquid crystal materials for display of the raised investment project is delayed compared with the original plan due to the impact of regional epidemic prevention and control and the holding of Beijing Winter Olympic Games and winter Paralympic Games. After re demonstrating the feasibility, the company will make the project available for the intended use according to the actual situation of the implementation of the raised investment project
The status date is extended from 2021 to June 2023. The above-mentioned projects have been postponed at the 14th meeting and the 4th meeting of the 4th board of directors of the company
