Securities code: 300947 securities abbreviation: Shanghai Dobe Cultural & Creative Industry Development ( Group) Co.Ltd(300947) Announcement No.: 2022-004 Shanghai Dobe cultural and creative industry development (Group) Co., Ltd
Closing of some raised investment projects and investing the balance raised funds into new projects
And change the purpose of some raised funds
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.
Shanghai Dobe cultural and creative industry development (Group) Co., Ltd. (hereinafter referred to as “the company”) held the ninth meeting of the second board of directors and the eighth meeting of the second board of supervisors on January 12, 2022, and unanimously approved the proposal on closing some raised investment projects, investing the balance raised funds in new projects and changing the use of some raised funds, It is agreed that the company will close the “Dobe Yuelu we \\” project “and invest the balance of the raised funds into new projects. At the same time, according to the actual operation and future development plan of the company, the company plans to change the purpose of some of the raised funds. The above matters need to be submitted to the general meeting of shareholders for deliberation. The relevant information is hereby announced as follows:
1、 Use of funds raised by initial public offering
(I) basic information of raised funds
With the approval of registration of initial public offering of Shanghai Dobe cultural and creative industry development (Group) Co., Ltd. (zjxk [2021] No. 164) issued by China Securities Regulatory Commission, the company issued 13.474 million RMB common shares (A shares) for the first time at an issue price of 51.47 yuan / share, The total amount of funds raised in this issuance is 693.5068 million yuan, and the net amount of funds raised after deducting the issuance expenses is 621.9724 million yuan. The above raised funds have been verified by Tianzhi International Certified Public Accountants (special general partnership) and a capital verification report (tzyz [2021] No. 4307) has been issued.
All the raised funds have been deposited in the special account for raised funds established by the company, and the company, its subsidiaries and subsidiaries have signed the tripartite supervision agreement for raised funds with the sponsor and the commercial bank storing the raised funds.
(II) purpose and use of raised funds
As of December 31, 2021, the use plan and use of the company’s raised funds for investment projects are as follows:
Unit: RMB 10000
Cumulative investment of proposed raised funds no. of raised funds project name total project investment
Amount fund amount
Integrated upgrading of smart hardcover in the park
1 29508.95 25000.00 7910.98 project
Bai hang Dobe e-manor wisdom hardcover I
1.1 3784.62 3200.00 865.69 integrated upgrading project
Fanghua Dobe sports loft Wisdom Essence
1.2 3392.26 2700.00 1228.86 integrated upgrade project
Zhaohua Dobe e-manor wisdom hardcover 1
1.3 2839.08 2300.00 770.85 integrated upgrading project
Dobe Hongqiao green valley we \\ “smart hardcover”
1.4 4469.85 3300.00 1862.08 integrated upgrading project
Wisdom hardcover I of Dobe e-manor in West Shanghai
1.5 2314.63 2100.00 460.42 integrated upgrading project
Seven treasures Dobe e-manor wisdom hardcover 1
1.6 4242.30 3900.00 641.65 integrated upgrading project
Dobe sports loft Liuying Road, Hongkou
1.7 2524.58 2300.00 747.46 smart hardcover integration upgrade project
Hongqiao Dobe e-manor wisdom hardcover I
1.8 5941.62 5200.00 1333.97 integrated upgrading project
2 Xingguang dobe-manor project 4572.75 1140.11
3 Dobe Yuelu we \\ “project 5035.70 5035.70 3189.59
4 R & D center construction project 5460.96 5460.96 2369.75
5. Supplementary working capital project 17000.00 17000.00 17000.00
Total 61578.36 57069.41 31610.43
Note: there is a difference between the total and the added count, which is the tail difference formed by rounding calculation.
As of December 31, 2021, the company has used a total of 316.1043 million yuan of raised funds (including 122.6991 million yuan of self raised funds invested in investment projects with raised funds in advance in the early stage of replacement and 193.4052 million yuan of investment projects with raised funds), The total balance of the special account for raised funds is RMB 258438100 (including interest income and financial management income, and deducting handling fees).
2、 Overview of closing some projects invested with raised funds and investing the balance of raised funds into new projects
(I) closing of some raised investment projects
The proposed project is “Dobe Yuelu we \\” project ” , the total investment of the project is 50.357 million yuan, of which 50.357 million yuan is proposed to be invested by the raised funds, which is mainly used for engineering expenses and other expenses of engineering construction. The lease term of the project is 20 years, including the construction period of 1 year. After the normal operation of the project, the average annual operating income is about 30.8984 million yuan, the average annual net profit is about 8.2296 million yuan, the internal rate of return after income tax is about 19.55%, and the investment payback period after income tax is about 5.86 years (including construction period).
The project has been completed and reached the expected usable state, and the implementation progress of the project is in line with the original plan. As of December 31, 2021, Dobe Yuelu we \\ “project” has used a total of 31.8959 million yuan of raised funds. After deducting 2.52 million yuan of unpaid items under signed contracts, the balance of raised funds is 16.2503 million yuan (including interest income and deducting handling fees).
(II) main reasons for the balance of raised funds
1. “Dobe Yuelu we \\” project “, as the company’s first project in Changsha and the company’s first project in Central China, exceeded the target during the construction period, and the investment return period was much earlier than expected.
2. During the implementation of the project, the company strictly followed the relevant regulations on the use of raised funds, strictly managed and reasonably allocated resources on the basis of ensuring the construction quality of the project and combined with the actual situation of the project, so as to effectively save the construction expenditure.
(III) use plan of surplus raised funds
Since the “Dobe Yuelu we \\” project has been completed, in order to maximize the use efficiency of the raised funds, improve the company’s operating performance and improve the return to shareholders, the company plans to use all the remaining raised funds of the “Dobe Yuelu we \\” project “for the construction of new projects. See” IV. specific conditions of newly raised funds investment projects “in this proposal for the specific conditions of new projects.
The company will open a new special account for raised funds in time after the matter is deliberated and approved by the general meeting of shareholders, sign a supervision agreement for raised funds with the sponsor and commercial banks, and strictly comply with the guidelines for the supervision of listed companies No. 2 – supervision requirements for the management and use of raised funds by listed companies and other relevant laws and regulations The normative documents and the relevant provisions of the company’s special management system for raised funds shall carry out daily management and use of the above balance raised funds.
3、 Overview of the purpose of some raised funds changed
(I) the purpose of some raised funds to be changed this time
The total investment of the company’s raised investment project “Park smart hardcover integration upgrading project” is 295089500 yuan, of which 250 million yuan is proposed to be invested. After the normal operation of the project, the average annual operating income is about 302.6328 million yuan, the internal rate of return after income tax is about 21.88%, and the after tax investment payback period is about 5.08 years (including construction period).
In order to improve the use efficiency of the raised funds, comprehensively consider the company’s overall business strategy, development planning, industry, market environment and other factors, and from the perspective of rational use of the raised funds, after careful research, the company plans to terminate the “Fanghua Dobe sports loft intelligent hardcover integration upgrading project” in the “Park intelligent hardcover integration upgrading project” “Zhaohua Dobe e-manor smart hardcover integration upgrade project”, “Huxi Dobe e-manor smart hardcover integration upgrade project” and “Hongkou Dobe sports loft Liuying road smart hardcover integration upgrade project”, The unused raised funds of the above projects of 61.9588 million yuan (accounting for 10.96% of the net raised funds) and the balance of “Dobe Yuelu we \\” project “of 16.2503 million yuan, totaling 78.2091 million yuan (including interest income and deducting handling fees, and the actual amount is subject to the balance of the special account on the day of fund transfer out) are used for the following two projects:
Unit: RMB 10000
No. project name total project investment amount of proposed raised funds
1 Dobe Luzhou we \\ “project 4495.69 3084.27
2 Yunting dobe-manor project 5140.81 4726.09
Total 9636.50 7810.36
The company’s change of some of the investment projects of raised funds does not constitute related party transactions, nor does it constitute major asset restructuring as stipulated in the administrative measures for major asset restructuring of listed companies.
(II) reasons for changing the purpose of some raised funds this time
The company originally planned to use the raised funds to invest in “Fanghua Dobe sports loft intelligent hardcover integration upgrading project” and “Zhaohua Dobe e-manor intelligent hardcover integration upgrading project” “Huxi Dobe e-manor smart hardcover integration upgrading project” and “Hongkou Dobe sports loft Liuying road smart hardcover integration upgrading project” are designed to realize intelligent upgrading of the company’s current cultural and creative industrial park by introducing intelligent hardware equipment and software system. In view of the high level of intelligence in Fanghua Dobe sports loft, Zhaohua Dobe e-manor, Huxi Dobe e-manor and Hongkou Dobe sports loft Liuying Road Park, which can basically meet the intelligent office scene of enterprises in the park, the urgency and necessity of using raised funds have been reduced. As a high-quality industrial park operator and service provider in China, in order to realize the brand, chain and large-scale business strategy, the company urgently needs to quickly expand its business to important cities or regions in China, improve the Chinese market layout and realize the head brand effect by virtue of its creative design ability, high-quality service ability and brand effect. In 2021, The company has newly signed “Dobe Luzhou we \\” project “and” Dobe e-manor project in Yunting “under the lease operation mode , it is planned to build digital economy science and technology smart parks in the two places, which will further enhance the company’s Park Service Capacity in Hefei and Shanghai Jiuting area. Therefore, from the perspective of the overall benefits of the project, compared with the intelligent upgrading project in the existing park, the new smart Park in the area with obvious location advantages is more in line with the current development strategic requirements of the company, which is conducive to the company to expand the market scale, improve the comprehensive competitive strength and enhance the profitability.
To sum up, the company made prudent decisions according to the actual situation of the project, combined with the business strategy and overall development plan of “deepening the large-scale chain development in China’s first and second tier cities” on the basis of full consideration of shareholders\’ rights and interests and fund use benefits
