Sino German Securities Co., Ltd
About Nanning Sugar Industry Co.Ltd(000911)
Special verification report on the deposit and use of raised funds in 2021
Zhongde Securities Co., Ltd. (hereinafter referred to as “Zhongde securities” or “sponsor”) as the sponsor of Nanning Sugar Industry Co.Ltd(000911) (hereinafter referred to as ” Nanning Sugar Industry Co.Ltd(000911) ” or “company”) non-public offering of shares in 2021, in accordance with the measures for the administration of securities issuance and listing sponsor business and the guidelines for self discipline supervision of listed companies of Shenzhen Stock Exchange No. 13 – sponsor business According to the requirements of relevant laws, regulations and normative documents such as the self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 1 – standardized operation of listed companies on the main board (2022) and the stock listing rules of Shenzhen Stock Exchange (revised in 2022), the deposit and use of raised funds in Nanning Sugar Industry Co.Ltd(000911) 2021 were verified. The details are as follows:
1、 Basic information of raised funds
According to the reply on approving Nanning Sugar Industry Co.Ltd(000911) non-public Development Bank shares (zjxk [2021] No. 3677) issued by China Securities Regulatory Commission on November 18, 2021, the company issued 76238801 ordinary shares (A shares) to a total of one investor of Guangxi Rural Investment Group Co., Ltd., with an issue price of RMB 7.87 per share. As of December 16, 2021, the company had raised a total of 600 million yuan. After deducting the issuance expenses of 7.5612 million yuan, the net amount of funds raised was 5924388 million yuan. The above net amount of raised funds has been verified in the capital verification report (ztyz (2021) No. 450c Aerospace Hi-Tech Holding Group Co.Ltd(000901) ) of Grant Thornton Certified Public Accountants (special general partnership).
The company adopts a special account storage system for the raised funds, and the special account is as follows:
Account number and account category of deposit bank
Guangxi Beibu Gulf Bank Nanning Jiangnan sub branch 800030692166666 special account for raised funds
In 2021, the use of the company’s raised funds is as follows:
(1) 256512100 yuan of interest bearing debt was repaid with raised funds.
(2) As of December 31, 2021, the net amount raised by the company has repaid interest bearing debts of RMB 2565121 million, and the net amount of unused raised funds is RMB 3359267 million.
As of December 31, 2021, the specific deposits of the company’s raised funds are as follows:
Unit: RMB
Deposit bank account number account category storage balance
Guangxi Beibu Gulf Bank Nanning Jiangnan sub branch 800030692166666 special account for raised funds 33853063383
Total 33853063383
Note: the above deposit balance includes 29000 yuan of interest income included in the special account for raised funds (including 29000 yuan of interest income in 2021), 000 yuan of handling fee deducted, 2575000 yuan of issuance fee deducted from the net amount of raised funds but not paid, and there is no repayment expense of interest bearing liabilities that have not been replaced from the special account for raised funds.
2、 Management of raised funds
In order to regulate the management and use of raised funds and protect the rights and interests of investors, the company, in accordance with the provisions of the guidelines for the supervision of listed companies No. 2 – regulatory requirements for the management and use of raised funds of listed companies (revised in 2022) and the guidelines for the self discipline supervision of listed companies of Shenzhen Stock Exchange No. 1 – standardized operation of listed companies on the main board (2022), and in combination with the actual situation of the company, The management system for the use of Nanning Sugar Industry Co.Ltd(000911) raised funds (hereinafter referred to as the management system) has been formulated. The management system was deliberated and adopted at the first extraordinary general meeting of the company in 2022 on March 4, 2022.
According to the management system and in combination with the business needs, the company has implemented a special account for the raised funds since December 2021, established a special account for the use of the raised funds in the bank, and signed the tripartite supervision agreement on the raised funds with the deposit bank and the sponsor to strictly approve the use of the raised funds, so as to ensure that the special funds are used for special purposes. As of December 31, 2021, the company has deposited and used the raised funds in strict accordance with the provisions of the tripartite supervision agreement on raised funds.
3、 Actual use of raised funds this year
In 2021, the use of the company’s raised funds is shown in Annex 1.
4、 Change the use of funds for investment projects with raised funds
In 2021, the company did not change the use of funds for investment projects with raised funds.
5、 Income from using idle raised funds to invest in products
In 2021, the company did not use idle raised funds to invest in product income.
6、 Problems in the use and disclosure of raised funds
The disclosure of the use of the company’s raised funds is consistent with the actual use and complies with relevant regulations.
7、 Assurance opinions of the accounting firm on the annual storage and actual use of the raised funds
Grant Thornton Certified Public Accountants (special general partnership) reviewed Nanning Sugar Industry Co.Ltd(000911) the special report on the deposit and actual use of raised funds in 2021 and issued the verification report (Grant Thornton special Zi (2022) No. 450a008667), It is considered that the above special report prepared by the board of directors of Nanning Sugar Industry Co.Ltd(000911) company complies with the relevant provisions of the guidelines for the supervision of listed companies No. 2 – regulatory requirements for the management and use of raised funds of listed companies (revised in 2022), the guidelines for the self discipline supervision of listed companies of Shenzhen Stock Exchange No. 1 – standardized operation of listed companies on the main board (2022) and the relevant format guidelines, And truthfully reflected the deposit and actual use of the raised funds of Nanning Sugar Industry Co.Ltd(000911) company in 2021 in all major aspects.
8、 Verification and opinions of the recommendation institution on the deposit and use of the company’s raised funds in 2021
The regulations of Shenzhen Stock Exchange on the supervision and administration of the raised funds of listed companies (No. 2022) and the regulations of Shenzhen Stock Exchange on the supervision and administration of the use of funds raised by listed companies (No. 2022) are considered to be in line with the regulations of Shenzhen Stock Exchange on the supervision and Administration of listed companies, The raised funds were stored and used in a special account, and the storage and use of the raised funds were legal and compliant.
Schedule 1:
Use of raised funds in 2021
Monetary unit: RMB 10000
The total amount of raised funds is 5924388, and the total amount of raised funds invested in this year is 2565121
Total amount of raised funds with changed purposes during the reporting period-
Accumulated total raised funds with changed purposes – accumulated total raised funds invested 2565121
Proportion of total raised funds with accumulative change of purpose-
Whether the total investment of the current year after the adjustment of the raised funds commitment has been accumulated as of the end of the period. Whether the investment project has reached the expected value as of the end of the period. Whether the investment project has reached the project feasibility commitment in the current year (including whether the total amount of promised investment, the progress of investment amount (%) and whether the expected benefits realized by the state of use have changed significantly) (1) (2) (3) = (2) / (1) date benefit changes greatly
Committed investment projects
1. Repayment of interest bearing debt no 5924388592438825651212565121 43.30 not applicable not applicable not applicable no
Total – 5924388592438825651212565121 43.30————
The circumstances and reasons for not reaching the planned progress or expected income are none
Description of major changes in project feasibility none
The amount, purpose and use progress of the over raised funds are not significant
There is no change in the implementation location of the project invested by raised funds
No adjustment of the implementation mode of the project invested by raised funds
The advance investment and replacement of investment projects with raised funds are not available
Temporary replenishment of working capital with idle raised funds none
Cash management with idle raised funds none
The amount and reasons for the balance of raised funds in the implementation of the project are none
The purpose and destination of the unused raised funds are deposited in the special account for raised funds and will be used to repay interest bearing debts.
There are no problems or other situations in the use and disclosure of raised funds
