Securities code: Western Regions Tourism Development Co.Ltd(300859) securities abbreviation: ST Xiyu Announcement No.: 2022014 Western Regions Tourism Development Co.Ltd(300859)
Special report on the deposit and use of raised funds in 2021
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.
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) According to the relevant provisions of Shenzhen Stock Exchange self regulatory guidelines for listed companies No. 2 – standardized operation of GEM listed companies and Shenzhen Stock Exchange self regulatory guidelines for GEM listed companies No. 2 – announcement format, the company makes the following special report on the deposit and use of raised funds in 2021:
1、 Basic information of raised funds
Approved by the reply on approving Western Regions Tourism Development Co.Ltd(300859) initial public offering of shares (zjxk [2020] No. 1498) of China Securities Regulatory Commission and approved by Shenzhen Stock Exchange, Western Regions Tourism Development Co.Ltd(300859) (hereinafter referred to as “the company”) will publicly issue 38.75 million RMB common shares (A shares) in 2020, with a par value of 1 yuan per share, an issue price of 7.19 yuan per share and a total raised capital of 27861250000 yuan, After deducting the underwriting recommendation fee of 2607512500 yuan and other relevant issuance fees of 1584267500 yuan, the net amount of funds actually raised was 23669470000 yuan.
The issuance expenses of the company’s raised funds in 2020 include the underwriting recommendation fee of 2607512500 yuan and other relevant issuance expenses of 1584267500 yuan, totaling 4191780000 yuan, of which the underwriting recommendation fee of 2607512500 yuan has been deducted from the raised funds, and the company’s special account for raised funds actually received 25253737500 yuan, Including other issuance expenses that have not been transferred from the raised funds account of RMB 1584267500. Lixin Certified Public Accountants (special general partnership) verified the availability of the raised funds and issued the capital verification report (xksbz [2020] No. za15242).
In 2020, the company used the raised funds to replace the bank loan of 6700000000 yuan repaid with self raised funds in advance.
As the construction of the project invested by the raised funds has a certain period, some of the raised funds are temporarily idle at this stage. On September 17, 2020, the company held the 25th meeting of the 5th board of directors and the 12th meeting of the 5th board of supervisors, deliberated and approved the proposal on using some idle raised funds for cash management, and agreed to manage the idle raised funds up to 80 million yuan (including this amount) without affecting the normal progress of the investment projects of the raised funds.
The second extraordinary general meeting of shareholders in 2020 was held on October 9, 2020, which deliberated and approved the proposal on using some idle raised funds for cash management, and agreed that the company would use idle raised funds of no more than RMB 80 million (including this amount) for cash management without affecting the normal progress of the investment plan of raised funds, so as to purchase with high safety, good liquidity Financial products with a maximum term of 12 months. The above quota shall be valid within 12 months from the date of deliberation and approval by the general meeting of shareholders. Within the above-mentioned limit and period, the funds can be recycled and used on a rolling basis, and it is agreed to authorize the chairman to sign relevant contracts and documents within the above-mentioned validity period and fund limit, and the financial department of the company is responsible for organizing the implementation. The recommendation institution has verified the matter and issued an agreed verification opinion.
As of December 31, 2021, the maturity of using some idle raised funds to purchase cash management products is as follows:
Name of contracted silver product product subscription amount income starting date product maturity annualized rate of return
Line type (10000 yuan)
Bank of China Bank Of China Limited(601988) shares guaranteed
Bank Co., Ltd. linked minimum income 800000 October 16, 2020 January 2021 3.50%
Limited public structured deposit profit type 18
Division (institutional client)
Bank of China Bank Of China Limited(601988) shares guaranteed
Bank Co., Ltd. linked minimum income 800000 January 25, 2021 April 1, 2021 1 1.30%
Limited public structured deposit profit type 27
Division (institutional client)
China Bank
Bank shares 7-day call deposit time pass 800000 May 18, 2021 October 1.89%
Limited public deposit 08
department
As of December 31, 2021, the company has recovered the principal and interest of the above cash management products except. The total amount of financial products purchased by the company with some idle raised funds that have not yet expired (including this time) is 80 million yuan, which does not exceed the amount authorized by the general meeting of shareholders.
The fifth meeting of the sixth board of directors and the fifth meeting of the sixth board of supervisors were held on September 29, 2021, and the second extraordinary general meeting of shareholders in 2021 was held on October 18, 2021. The proposal on the use of some idle raised funds for cash management was deliberated and adopted, and it was agreed that the company would not affect the normal progress of the investment plan of raised funds, Use the idle raised funds of no more than RMB 80 million (including this amount) for cash management to purchase financial products with high security, good liquidity and a maximum term of no more than 12 months. The above quota shall be valid within 12 months from the date of deliberation and approval by the general meeting of shareholders.
Within the above-mentioned limit and period, the funds can be recycled and used on a rolling basis, and it is agreed to authorize the board of directors to sign relevant contracts and documents within the above-mentioned validity period and limit, and the financial department of the company is responsible for organizing the implementation.
The financial products that have not expired as of December 31, 2021 are as follows:
Contracted bank product name product subscription amount income expected annualized from product maturity date
Daily rate of return of type (10000 yuan)
Bank Of China Limited(601988) shares 7-day notice deposit notice 1.85% automatically renewed upon expiration of 7 days in October 2021
Deposit of limited company 800000 was deposited on 19th, and the details are based on the company
The redemption date shall prevail
As of December 31, 2021, the company has invested 1009185000 yuan in the inter district car reconstruction project of Tianshan Tianchi scenic spot, which is a new 10 38 seat pure electric buses and 10 19 seat pure electric buses in 2021.
2、 Utilization and balance of raised funds from January to December 2021
As of December 31, 2021, the use and balance of raised funds are as follows:
Unit: Yuan
Time of occurrence of special account for raised funds
Net proceeds 23669470000
Less: accumulated expenditure of raised investment project 7709185000
Including: 2021 raised investment project expenditure 1009185000
Including: 6700000000 yuan for projects invested by raising funds in the early stage
Less: accumulated bank charges 607.00
Including: bank service charge expenditure of 507.00 in 2021
Including: bank service charge in the early stage: 100.00
Plus: accumulated special account interest income and wealth management income 636626909
Add: other relevant issuance fees not paid (note) 6227493
As of December 31, 2021, the balance of special account (including financial income account) was 16 Jiangyin Jianghua Microelectronics Materials Co.Ltd(603078) 702
Including: cash management amount of raised funds (7-day call deposit) 8000000000
As of December 31, 2021, the balance of the special account is 8 Jiangyin Jianghua Microelectronics Materials Co.Ltd(603078) 702
Note: the company has actually received 25253737500 yuan from the special account for raised funds, including 1584267500 yuan of other issuance expenses that have not been transferred from the raised funds account. As of December 31, 2021, the company has paid 1578040007 yuan of issuance expenses, and the unpaid part is 6227493 yuan of excess stamp tax. 3、 Deposit and management of raised funds (I) management of raised funds
In order to standardize the management of the company’s raised funds and improve the use efficiency of the raised funds, In accordance with the company law of the people’s Republic of China, the securities law of the people’s Republic of China, the measures for the administration of securities issuance of listed companies, the provisions on the report on the use of the previously raised funds, the guidelines for the supervision of listed companies No. 2 – regulatory requirements for the management and use of the raised funds of listed companies, and the Listing Rules of GEM stocks of Shenzhen Stock Exchange The management system for raised funds is formulated in accordance with the relevant provisions of the guidelines for self discipline supervision of listed companies of Shenzhen Stock Exchange No. 2 – standardized operation of companies listed on GEM, as well as the requirements of the articles of association. (II) third party supervision
In accordance with the management system for special storage and use of raised funds and in combination with business needs, the company implements a special account for the storage of raised funds and establishes a special account for the use of raised funds in the bank. The company has signed the tripartite supervision agreement on raised funds with Xinjiang Fukang rural commercial Bank Co., Ltd., Sinolink Securities Co.Ltd(600109) , Bank Of China Limited(601988) Fukang sub branch and Sinolink Securities Co.Ltd(600109) to clarify the rights and obligations of all parties, Strict examination and approval procedures shall be implemented for the use of raised funds 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, and the tripartite supervision agreement has been effectively implemented during the reporting period. (III) storage and management of special account for raised funds
As of December 31, 2021, the specific deposit of IPO raised funds is as follows:
Unit: Yuan
The account makes the project name available
Deposit amount of deposit bank account No
Employment note
Xinjiang Fukang rural Xiyu tourism bank
Commercial bank share development loan
