China Industrial Securities Co.Ltd(601377)
About Zhejiang Tiantie Industry Co.Ltd(300587)
Verification opinions on the extension of raised investment projects
China Industrial Securities Co.Ltd(601377) (hereinafter referred to as " China Industrial Securities Co.Ltd(601377) " or "recommendation institution") as a recommendation institution for Zhejiang Tiantie Industry Co.Ltd(300587) (hereinafter referred to as " Zhejiang Tiantie Industry Co.Ltd(300587) " or "company") to publicly issue convertible corporate bonds, in accordance with the administrative measures for securities issuance and listing recommendation business, the Listing Rules of gem shares of Shenzhen Stock Exchange, and the basic norms of enterprise internal control The extension of Zhejiang Tiantie Industry Co.Ltd(300587) raised investment project has been verified in accordance with the requirements of relevant laws, regulations and normative documents such as the guidelines for self discipline supervision of listed companies of Shenzhen Stock Exchange No. 2 - standardized operation of companies listed on GEM. The details are as follows:
1、 Basic information of raised funds
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, Zhejiang Tiantie Industry Co.Ltd(300587) is approved to publicly issue convertible corporate bonds with a total face value of 399 million yuan. The company raised a total of 399 million yuan from the public offering of convertible corporate bonds, after deducting the issuance expenses of 864801885 yuan (excluding tax), the net amount of funds actually raised was 39035198115 yuan. The above raised funds have been verified by ZTC Guanghua Certified Public Accountants (special general partnership), and the verification report "ZTC Guanghua Shenyan Zi (2020) No. 318001" was issued on March 25, 2020. 2、 Use of raised funds
As of December 31, 2021, the use of raised funds is as follows:
Accumulated serial number of raised funds to be invested and raised project name input amount input amount
(10000 yuan) (10000 yuan)
1 construction project of rubber boots production line for elastic supported ballastless track 12074731019384
2. Construction project of spring isolator production line 849493531260
3. Building vibration reduction and isolation product production line construction project 823034391057
4. Supplementary working capital items 111 Shenzhen Ecobeauty Co.Ltd(000010) 23518
Total 399 Shenzhen Special Economic Zone Real Estate&Properties (Group).Co.Ltd(000029) 65219
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 bank transferable certificates of deposit is 20 million yuan, and the idle raised funds temporarily supplement the working capital balance of 70 million yuan.
3、 The specific circumstances, reasons and impacts of the extension of the investment project with the raised funds
1. Details of the extension of the investment project with raised funds
Combined with the actual situation of the project invested with raised funds at present, under the condition that the project implementation subject, investment purpose and investment scale have not changed, after careful research, in order to safeguard the interests of all shareholders and the company, it is decided to adjust the date when the following projects invested with raised funds reach the expected usable state. The details are as follows:
S / n item name the expected item before this adjustment reaches the expected usable state date the expected item after this adjustment reaches the expected usable state date
Rubber for elastic supported ballastless track
1 rubber overshoes production line construction project March 31, 2022 September 30, 2022
Construction of spring vibration isolator production line
2. Design project: March 31, 2022 September 30, 2022
Construction of production line for building vibration reduction and isolation products
3. Design project: March 31, 2022 September 30, 2022
2. Reasons for the delay of investment projects with raised funds
The construction projects of rubber boots production line, spring vibration isolator production line and building seismic isolation product line project involve many investment in fixed assets, the project design and engineering construction are complex, the relevant government departments have many procedures for examination and approval, and are affected by the epidemic of New Coronavirus pneumonia since the beginning of 2020. The progress of equipment implementation and installation will be affected to a certain extent, resulting in the delay of the progress of the above-mentioned projects invested with raised funds.
3. Impact of project delay on the company's investment
The postponement of the investment project with raised funds is a prudent decision made by the company according to the actual situation of the implementation of the investment project with raised funds. The total investment amount, construction content and implementation subject of the above-mentioned investment projects with raised funds have not changed, and there is no change or disguised change in the investment direction of raised funds, which will not have a substantive impact on the implemented projects, will not have a significant adverse impact on the normal operation of the company, and there is no change or disguised change in the investment direction of raised funds and other situations that damage the interests of shareholders.
4、 Review procedures for the extension of the investment projects with raised funds
The postponement of the investment project with raised funds has been deliberated and approved at the 17th meeting of the Fourth Board of directors and the 11th meeting of the Fourth Board of supervisors, and the independent directors have expressed their consent.
5、 Verification opinions of the recommendation institution
After verification, the sponsor believes that the extension of the company's raised investment project has been deliberated and approved by the board of directors and the board of supervisors of the company, the independent directors have issued clear consent opinions, comply with relevant laws and regulations and perform necessary legal procedures. The postponement of some raised investment projects of the company complies with the provisions of relevant laws and regulations such as 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 GEM stocks of Shenzhen Stock Exchange, the guidelines for the self-discipline supervision of listed companies of Shenzhen Stock Exchange No. 2 - standardized operation of GEM listed companies, and there is no situation of changing the use purpose of raised funds in a disguised manner, It will not have a material impact on the implementation of the project and meets the needs of the production, operation and future development of the raised investment project. (no text below)
(there is no text on this page, which is the signature and seal page of China Industrial Securities Co.Ltd(601377) verification opinions on the extension of Zhejiang Tiantie Industry Co.Ltd(300587) raised investment project)
Sponsor representative:
Chen Jie, Zhang qinqiu
China Industrial Securities Co.Ltd(601377) mm / DD / yyyy
