Zhejiang Tiantie Industry Co.Ltd(300587)
Special report on the deposit and use of raised funds in 2021
According to the guidelines for the supervision of listed companies No. 2 - regulatory requirements for the management and use of raised funds by listed companies (revised in 2022) (CSRC announcement [2022] No. 15) issued by China Securities Regulatory Commission and the guidelines for the self discipline supervision of listed companies of Shenzhen Stock Exchange No. 2 - standardized operation of companies listed on GEM issued by Shenzhen Stock Exchange The board of directors of Zhejiang Tiantie Industry Co.Ltd(300587) (hereinafter referred to as "the company" or "the company") prepared a special report on the annual deposit and actual use of raised funds as of December 31, 2021.
1、 Basic information of raised funds
(I) actual amount of raised funds and time of fund arrival
(1) Public issuance of convertible corporate bonds
Approved by the reply on approving Zhejiang Tiantie Industry Co.Ltd(300587) public issuance of convertible corporate bonds (zjxk [2020] No. 248) of China Securities Regulatory Commission, the company publicly issued 3.99 million convertible corporate bonds on March 19, 2020, with a face value of 100 yuan each, raising a total of 399 million yuan. After deducting 7 million yuan of underwriting and recommendation fees, the raised funds were 392 million yuan, It has been remitted by the lead underwriter China Industrial Securities Co.Ltd(601377) to the raised funds supervision account of the company on March 25, 2020. The total amount of funds raised from the public offering of convertible corporate bonds deducting underwriting and recommendation expenses of RMB 6.638 million (excluding tax), other issuance expenses of RMB 2.0442 million (excluding tax), and the net amount of funds actually raised was RMB 390352 million. ZTC [2020] No. 8001 special fund raising report issued by Zhongxing Guangcai certified public accountants Co., Ltd.
(2) Private placement of ordinary shares (A shares)
Approved by the China Securities Regulatory Commission in the reply on Approving the registration of Zhejiang Tiantie Industry Co.Ltd(300587) issuing shares to specific objects (zjxk [2021] No. 3341), the company issued 48854041 A shares to specific objects, with a par value of 1.00 yuan per share and an issue price of 16.58 yuan per share. As of 12:00 on November 25, 2021, the company had raised a total of 81 million yuan, After deducting the recommendation and underwriting fee of RMB 137238 million (including tax), the raised fund is RMB 796276200, which has been paid by the lead underwriter
China Industrial Securities Co.Ltd(601377) was remitted to the regulatory account of the raised funds of the company on November 25, 2021. After deducting the underwriting and recommendation fees of RMB 12.947 million (excluding tax) and other issuance fees of RMB 2.3365 million (excluding tax) from the total amount of funds raised from the issuance of shares to specific objects, the net amount of funds actually raised was RMB 7947165 million. The above raised funds have been verified by ZTC Guanghua Certified Public Accountants (special general partnership) and issued a capital verification report (ZTC Guanghua Shen Yan Zi [2021] No. 318011).
(II) use and balance of raised funds
(1) Public issuance of convertible corporate bonds
The company actually used 1042506 million yuan of raised funds in 2021, and the net amount of bank deposit interest and financial product income received in 2021 after deducting bank handling charges is 1.6863 million yuan.
As of December 31, 2021, the balance of raised funds was 991816 million yuan (including the accumulated interest on bank deposits and the net amount of income from financial products minus bank handling charges). Among them, the deposit balance of the special account for raised funds is 9.1816 million yuan, the balance of idle raised funds temporarily replenishing working capital is 70 million yuan, and the balance of bank transferable certificates of deposit is 20 million yuan.
(2) Private placement of ordinary shares (A shares)
The company actually used 224716500 yuan of raised funds in 2021, and the net amount of bank deposit interest received in 2021 after deducting bank handling charges is 586600 yuan.
As of December 31, 2021, the balance of raised funds was 570586600 yuan (including the net amount of accumulated bank deposit interest received minus bank handling charges). Among them, the balance of the special account for raised funds is 340586600 yuan, and the balance of bank short-term financial products is 230 million yuan.
2、 Deposit and management of raised funds
(I) management of raised funds
In order to standardize the management and use of raised funds, improve the efficiency and efficiency of fund use, and protect the rights and interests of investors, the company, in accordance with the company law of the people's Republic of China, the securities law of the people's Republic of China, the Listing Rules of Shenzhen Stock exchange on the gem, the guidelines for self discipline supervision of listed companies of Shenzhen Stock Exchange No. 2 - standardized operation of listed companies on the gem and other relevant laws The management system of Zhejiang Tiantie Industry Co.Ltd(300587) raised funds (hereinafter referred to as the "management system") is formulated in accordance with the provisions of laws and regulations and normative documents and in combination with the actual situation of the company. According to the management system, the company has implemented a special account for the raised funds, established a new special account for the raised funds in the bank, and signed the tripartite supervision agreement for the raised funds with Industrial Bank Co.Ltd(601166) Taizhou Linhai sub branch, China Construction Bank Corporation(601939) Zhejiang branch, Agricultural Bank Of China Limited(601288) Tiantai County sub branch and Bank Of China Limited(601988) Tiantai County sub branch together with the sponsor China Industrial Securities Co.Ltd(601377) on March 27, 2020; For the new private placement of ordinary shares (A shares) project in 2021, the tripartite supervision agreement on raising funds was signed with Industrial Bank Co.Ltd(601166) Taizhou Linhai sub branch, China Construction Bank Corporation(601939) Zhejiang branch and Agricultural Bank Of China Limited(601288) Tiantai County sub branch on December 1, 2021, which defined the rights and obligations of all parties. There is no significant difference between the tripartite supervision agreement and the model tripartite supervision agreement of Shenzhen Stock Exchange, and the company has strictly complied with the raised funds.
(II) storage of raised funds in special account
As of December 31, 2021, the deposit of the company's previously raised funds in the bank account is as follows: (1) public issuance of convertible corporate bonds
Monetary unit: RMB
Remarks on the balance of raised funds in the bank account of the deposit bank
China China Construction Bank Corporation(601939) Co., Ltd. 330501667335096666315894503
Company Tiantai sub branch
China Agricultural Bank Of China Limited(601288) Co., Ltd. 1994010104006666635533.54
Company: Tiantai County sub branch
Industrial Bank Co.Ltd(601166) 3585201001 Shaanxi Provincial Natural Gas Co.Ltd(002267) 12 2,018229.96
Taizhou Linhai sub branch
Bank Of China Limited(601988) 364977680898 3,998856.27
Tiantai County sub branch
Total 918156480
(2) Private placement of ordinary shares (A shares)
Monetary unit: RMB
Remarks on the balance of raised funds in the account number of the deposit bank
Industrial Bank Co.Ltd(601166) 3585201001 Shenyang Yuanda Intellectual Industry Group Co.Ltd(002689) 12 268533,923.89
Taizhou Linhai sub branch
China China Construction Bank Corporation(601939) Co., Ltd. 330501667335090018997201493989
Company Tiantai sub branch
China Agricultural Bank Of China Limited(601288) Co., Ltd. 199401010400699837712.70
Company: Tiantai County sub branch
Total 34058657648
3、 Actual use of raised funds this year
(I) comparison table of use of raised funds
1. See Annex 1 of this report for the comparison table of the use of raised funds.
2. statement on the use of raised funds in the current period
(1) Public issuance of convertible corporate bonds
On April 16, 2021, the first meeting of the Fourth Board of directors considered and approved the proposal on the company's use of some idle raised funds for cash management, and agreed to use the temporarily idle raised funds of no more than 150 million yuan for cash management without affecting the construction of investment projects with raised funds and the normal operation of the company. The service life is within 12 months from the date of deliberation and approval by the board of directors, Within the validity period of the above quota and resolution, it can be recycled and used. In 2021, the company purchased 55 million yuan of principal guaranteed financial products within the limit, and obtained 826600 yuan of investment income of financial products, 50 million yuan of bank transferable certificates of deposit, and 385400 yuan of investment income. As of December 31, 2021, the balance of undue bank negotiable certificates of deposit that the company has not redeemed is 20 million yuan. The remaining unused raised funds are stored in the special account for raised funds opened by the company and will be used for subsequent fund payment of raised investment projects.
The fourth meeting of the Fourth Board of directors was held on May 26, 2021. The proposal on using some idle raised funds to temporarily supplement working capital was considered and adopted. It was agreed that the idle raised funds should not exceed RMB 85 million to temporarily supplement the working capital related to the main business without affecting the construction of investment projects and the use of raised funds, The service life shall not exceed 12 months from the date of deliberation and approval by the board of directors of the company, and shall be returned to the special account for raised funds before expiration. As of December 31, 2021, the company used idle raised funds of RMB 70 million to temporarily supplement working capital.
(2) Private placement of ordinary shares (A shares)
On December 14, 2021, the 10th meeting of the 4th board of directors deliberated and adopted the proposal on the company's use of some idle raised funds for cash management, and agreed to use the temporarily idle raised funds of no more than 570 million yuan for cash management without affecting the construction of investment projects with raised funds and the normal operation of the company. The service life is within 12 months from the date of deliberation and approval by the board of directors, Within the validity period of the above quota and resolution, it can be recycled and used. In 2021, the company purchased 230 million yuan of principal guaranteed financial products within the limit, and has not yet obtained the investment income of financial products. As of December 31, 2021, the balance of the company's outstanding financial products that have not been redeemed is 230 million yuan. The remaining unused raised funds are stored in the special account for raised funds opened by the company and will be used for subsequent fund payment of raised investment projects.
(II) description of abnormal conditions in the project invested by raised funds
There are no abnormalities in the investment projects of the company with raised funds.
(III) description of the situation that the benefits of the investment project with raised funds cannot be calculated separately
The supplementary working capital project is mainly used for the normal production and operation needs of the enterprise. It does not produce direct economic benefits and cannot be accounted for separately.
4、 Change the use of funds for investment projects with raised funds
The company does not change the investment projects of raised funds.
5、 Problems in the use and disclosure of raised funds
There are no major problems in the disclosure and use of the raised funds of the company in the current year.
Zhejiang Tiantie Industry Co.Ltd(300587) board of directors
April 22, 2022
Appendix 1-1
Comparison table of use of raised funds (public issuance of convertible corporate bonds)
Unit: 10000 yuan
The total amount of raised funds is 3903520 yuan, which was invested in the current year
Total fund-raising
