Securities code: 301193 securities abbreviation: Jialian technology Announcement No.: 2022028 Ningbo Jialian Technology Co., Ltd
Announcement on using some over raised funds to invest in construction projects
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
Important:
According to the company's development plan, the company plans to use part of the over raised funds and its own funds / self raised funds to invest in the construction of a project with an annual output of 120000 tons of biodegradable materials and products and household products. The investment and construction period of the project is long, and there may be market risks, financial risks, project construction risks and other risks in the process of project implementation. After the project is completed, the market demand change, competitor strategy adjustment and other factors may lead to poor sales or low price of finished products of the project. Please pay attention to investment risks.
Ningbo Jialian Technology Co., Ltd. (hereinafter referred to as "the company" or "Jialian technology") held the fourth meeting of the second board of directors and the sixth meeting of the second board of supervisors on April 22, 2022. The proposal on using part of the over raised funds to invest in the construction of 120000 tons of biodegradable materials and products and household products was considered and approved by unanimous vote, It is agreed that the company will use 749.58 million yuan to invest in the construction of 120000 tons of biodegradable materials and products and household products, including 150 million yuan of over raised funds. This matter still needs to be submitted to the 2021 annual general meeting of shareholders of the company for deliberation.
According to the Shenzhen Stock Exchange GEM Listing Rules, the articles of association and other provisions, this investment and construction project does not involve related party transactions, nor does it constitute a major asset restructuring as stipulated in the administrative measures for major asset restructuring of listed companies. The implementation of the project still needs to go through the pre-approval procedures such as project filing, environmental impact assessment and energy-saving assessment with the relevant local competent authorities. At present, the company has completed the project filing of the competent authorities and has not completed the procedures such as environmental impact assessment. The relevant information is hereby announced as follows:
1、 Basic information of raised funds
With the reply on Approving the registration of initial public offering of Ningbo Jialian Technology Co., Ltd. (zjxk [2021] No. 3103) issued by China Securities Regulatory Commission and the consent of Shenzhen Stock Exchange, the company issued 3000000000 ordinary shares (A shares) with a par value of 1.00 yuan per share, an issue price of 30.73 yuan and a total raised capital of 92190000000 yuan, After deducting 937 Xiamen Meiya Pico Information Co.Ltd(300188) 0 yuan of relevant issuance expenses (excluding tax), the net amount of funds actually raised is 82816998120 yuan. The above raised funds have been verified by Tianzhi International Certified Public Accountants (special general partnership), and the capital verification report (tzyz [2021] No. 44951) was issued on December 6, 2021. The company has deposited the above raised funds in the special account for the management of raised funds, and signed the tripartite supervision agreement on raised funds with the sponsor and the commercial bank storing the raised funds.
2、 Use of raised funds
According to the company's prospectus on initial public offering and listing on GEM, the investment projects of the company's funds raised from initial public offering are as follows:
The total investment of the project is planned to use the raised funds, the serial number of the raised funds to be used, the project name, the capital investment amount (10000 yuan) the amount (10000 yuan) the amount (10000 yuan)
1 research and development of biodegradable materials and products 1 Fujian Nanping Sun Cable Co.Ltd(002300) 1 Fujian Nanping Sun Cable Co.Ltd(002300) 0.00
Center construction project
Preparation of biodegradable materials in Shupu plant
Product 2 and high-end plastic product production line 26604 Moso Power Supply Technology Co.Ltd(002660) 400987700
Construction Project
3. Supplementary working capital 10 Ping An Bank Co.Ltd(000001) 0 Ping An Bank Co.Ltd(000001) 000000
Total 46627001987700
The net amount of the company's funds raised this time is 82816998120 yuan. The part of the net amount of funds raised this time exceeding the investment amount of the above projects is over raised funds, and the total amount of over raised funds is 36189998120 yuan.
On January 5, 2022, the company held the first interim meeting of the board of directors and the fourth meeting of the second board of supervisors in 2022, deliberated and approved the proposal on using part of the over raised funds to permanently supplement the working capital, and agreed to use the over raised funds of 108.56 million yuan to permanently supplement the working capital. For details, see the company on cninfo.com on January 6, 2022（ http://www.cn.info.com.cn. ）Announcement on permanent replenishment of working capital with some over raised funds disclosed. The first extraordinary general meeting of shareholders in 2022 held on January 21, 2022 considered and approved the above matters.
3、 Use plan of this over raised fund
(I) project overview
According to the company's development strategy and actual production and operation needs, the board of directors of the company has carefully studied and decided to use the over raised capital of 150 million yuan to invest in the construction of "120000 tons of biodegradable materials and products and household products project", as follows:
Project name total investment (10000 yuan) proposed use of over raised capital investment (10000 yuan)
Annual output of 120000 tons of biodegradable materials and products, household 74958001500000
Supplies items
(II) basic information of the project
Project Name: annual output of 120000 tons of biodegradable materials and products, household goods project
Project implementation subject: Ningbo Jialian Technology Co., Ltd
Project construction site: Ningbo Petrochemical Development Zone, east to the planned park green space, West to the planned protective green space, South to Guiyi road and north to the planned industrial land. The company has obtained the real estate certificate of the plot with its own funds.
Project construction content: it is proposed to build new production plants, warehouses, gatekeepers and other buildings, with a total construction area of about 94518 square meters. In addition, the project plans to support the construction of general layout works such as roads, green walls and walls in the plant area, as well as public works such as power supply and distribution, water supply and drainage and fire fighting in the plant area, so as to form a production scale of 120000 tons of biodegradable materials and products and household products per year.
Project construction period: the construction period of the project is 36 months, and the actual commencement shall prevail.
Project investment funds and sources: the total investment of the project is planned to be 749.58 million yuan, including 150 million yuan of over raised funds to be used, 300 million yuan of bank loans, and the rest will be supplemented by the company's self raised or self owned funds.
The investment estimate of the project is as follows:
Unit: 10000 yuan
No. project or cost name investment estimation (10000 yuan) proportion of total investment in total investment T + 12 T + 24 T + 36
Construction cost 188713541%
1.1 construction and installation works 54609750 42901950026.01%
1.2 other expenses of project construction 11283 -- 1128315.05%
1.3 equipment purchase and installation 212813081252514046053.98%
2. Basic reserve 377457 5911425 1.90%
3. Initial working capital 2290 3.06%
The total investment of the project is 1924823288 3242274958 100.00%
(III) necessity and feasibility of project implementation
1. Necessity of project implementation
(1) The introduction of the plastic restriction order policy and its implementation have been continuously strengthened, and the degradable plastics industry has ushered in a period of rapid development
At present, China's degradable plastics industry is still in the initial stage of development, and the market scale of China's degradable plastics is growing rapidly in a short time. The main decisive factor at this stage lies in the promotion of relevant government policies and the progress of supervision and implementation. At present, the central level has successively launched a number of policies to strengthen the control of plastic pollution. The "opinions on Further Strengthening the treatment of plastic pollution" published by the national development and Reform Commission and the Ministry of ecological environment shows the characteristics of systematicness, synergy and order. The opinions put forward that by 2020, it will take the lead in banning and restricting the production, sales and use of some plastic products in some regions and fields. By 2022, the use of disposable plastics will be significantly reduced, alternative products will be promoted, and a number of plastic reduction and green logistics models that can be popularized will be formed in areas with serious plastic pollution problems. By 2025, the management system for the production, circulation, consumption, recycling and disposal of plastic products will be basically completed, the multi governance system will be basically formed, the application level of substitutes will be further improved, and the treatment of plastic pollution will be controlled. According to the guidance of the central level, all provinces and cities have refined the specific local conditions and issued efforts to further implement relevant policies.
From the perspective of overseas markets, over the past 10 years, various countries and regions represented by the EU have further issued more policies and regulations to restrict the use of non degradable plastics through local bans, restrictions and other measures, so as to guide the public to reduce their dependence on plastic products. Among them, in 2020, the EU issued regulations that will impose a tax of 800 euros per ton on disposable plastic packaging in 2021 and regulations that will directly ban / restrict the use of dozens of disposable plastic products in 2021, respectively, promoting changes in the pattern of supply and demand at both ends of the industry from the middle, upper and lower reaches. In addition, although the guidelines on disposable plastic products (SUP) issued by the European Commission on May 31, 2021 failed to update the previous classification definition of degradable plastics in time, considering the extremely rapid updating and development speed in this field, the European Commission plans to formulate a clear policy framework applicable to bio based plastics (BBP), biodegradable plastics and Compostable Plastics (bdcp) in 2022.
The restrictions on ordinary plastic products at the policy end are increasingly tightened, followed by a rapid blowout in the demand for relevant alternative materials. After several rounds of cycle verification of use / feedback from merchants and consumers in the market, degradable plastics have been recognized by the market and are considered to be the best alternative to ordinary plastic products. This investment project of the company mainly focuses on degradable plastic products, conforms to the development trend of degradable plastic industry and meets the growing market demand.
(2) Globally, the penetration rate of degradable plastic products continues to increase, and relevant industries have deployed and used degradable plastic products, driving the continuous growth of market demand
In order to avoid the negative impact on their own operations when facing policy changes, chain enterprises operating globally tend to layout ahead to deal with the changes expected to be implemented, and some enterprises will implement the actions required by policies and regulations beyond the scope from the perspective of reserving safety margin or improving enterprise reputation and brand value. With the promotion of the global plastic restriction order, relevant enterprises with the demand for daily plastic products have arranged to find alternatives to meet the dual carbon goal. At present, all relevant industrial chains around the world continue to deepen the penetration rate of degradable plastic products in accordance with the development idea of "limiting one batch, replacing one batch and standardizing the circulation of one batch".
As early as 2018, international wine giant Pernod Ricard announced that it would no longer use plastic straws and blenders made of non degradable materials in all businesses around the world. McDonald's said in June 2018 that it would launch paper straws. Starbucks announced in July 2019 that it would stop using plastic straws and replace them with paper straws worldwide in 2020, and more than 3600 stores in China would also achieve the goal at the same time. By 2025, all PepsiCo packaging will be recyclable, compostable or degradable. In August 2020, China's Naixue tea, Xi tea, honey snow ice city and other tea brands were announced one after another
