Bright Oceans Inter-Telecom Corporation(600289)
Comparison between the deposit and actual use of raised funds in 2021
Special report
1、 Basic information of raised funds
With the approval of zjfzz [2016] No. 775 document of China Securities Regulatory Commission and the consent of Shanghai Stock Exchange, the company has Guosen Securities Co.Ltd(002736) issued 651294 million ordinary shares (A shares) in the form of consignment by the lead underwriter Guosen Securities Co.Ltd(002736) with a par value of 1 yuan per share and an issue price of 17.065 yuan per share. As of September 27, 2016, the company had raised a total of 1111433000 yuan. After deducting the issuance expenses of 15560100 yuan, the net amount of funds raised was 1095872900 yuan. The above net amount of raised funds has been verified by the capital verification report (ztyz (2016) No. 230zc0588) issued by Grant Thornton Certified Public Accountants (special general partnership).
As of December 31, 2021, the company has invested a total of 478195900 yuan in fund-raising projects, of which: (1) the company has invested 198087400 yuan in fund-raising projects with its own funds before the funds are in place, Yejing Zhitong Certified Public Accountants (special general partnership) issued the verification report on Bright Oceans Inter-Telecom Corporation(600289) pre investment of raised funds in investment projects with self raised funds (ztzz (2016) No. 230za4458). In 2017, the company completed the replacement of 1445972 million yuan of the above raised funds, and 534902 million yuan was not completed due to the freezing of raised funds account; (2) During the accounting period from December 2016 to December 31, 2020, RMB 329345400 yuan of raised funds was used; (3) The use of raised funds in this year is 0 yuan; (4) 148850500 yuan has not been transferred out of the special account for raised funds.
On September 12, 2018, due to judicial transfer, the balance of the special account for raised funds decreased by 488013 million yuan.
As of December 31, 2021, the balance of raised funds was RMB 7319331 million (including the net interest income from the deposit in the special account of raised funds of RMB 142068 million).
2、 Management of raised funds
(I) management of raised funds
In order to standardize the management and use of raised funds and protect the rights and interests of investors, the company revised the Bright Oceans Inter-Telecom Corporation(600289) raised funds management system (hereinafter referred to as the “management system”) in accordance with the measures for the administration of raised funds of listed companies on Shanghai Stock Exchange and other laws and regulations and in combination with the actual situation of the company, The revised management system was deliberated and adopted at the 14th meeting of the sixth board of directors of the company in 2015.
In accordance with the requirements of the management system and in combination with the business needs of the company, the company has opened special accounts for raised funds in Hua Xia Bank Co.Limited(600015) Beijing Century City sub branch, Fuxin Bank Development Zone sub branch, Bank Of Communications Co.Ltd(601328) Harbin Hexi sub branch, and signed tripartite supervision agreement on the storage of special accounts for raised funds with Guosen Securities Co.Ltd(002736) and Hua Xia Bank Co.Limited(600015) Beijing Branch, Fuxin Bank Development Zone sub branch and Bank Of Communications Co.Ltd(601328) Harbin Hexi sub branch respectively, Strict examination and approval procedures shall be implemented for the use of raised funds to ensure that special funds are used for special purposes; The authorized sponsor representative may inquire the information of the special account for raised funds at the bank that opens the special account for raised funds at any time.
As of December 31, 2021, the storage of raised funds is listed as follows:
Monetary unit: RMB
Bank name account number initial deposit amount deadline balance storage method
Hua Xia Bank Co.Limited(600015) Co., Ltd. 102810 Shenzhen Quanxinhao Co.Ltd(000007) 094003958729242015213137242 current division Beijing Century City sub branch
Fuxin Bank Development Zone sub branch 12002 Shenzhen Tellus Holding Co.Ltd(000025) 371400000 Shenzhen Guohua Network Security Technology Co.Ltd(000004) 0960877088 current account
Bank Of Communications Co.Ltd(601328) Co., Ltd. 231000748010056004300 Ping An Bank Co.Ltd(000001) 7019293590 current division Harbin Hexi sub branch
Total 10958729242073193307920
Note: as of the balance sheet date, the above raised funds accounts have been frozen by the judiciary.
3、 Actual use of raised funds this year
See the attached table “use of raised funds” for details.
4、 Change the use of funds for investment projects with raised funds
The company has not changed the use of funds for investment projects with raised funds.
5、 Problems in the use and disclosure of raised funds
The information about the use of raised funds disclosed by the company is timely, true, accurate and complete, and there are no violations in the use and management of raised funds.
Since the second half of 2017, due to litigation disputes involving the controlling shareholder Yiyang Group Co., Ltd. (hereinafter referred to as “Yiyang group”), the special account for raising funds of the company has been successively applied for fund freezing by the people’s court, and the balance of the special account for raising funds has been frozen. The above freezing of the special account for raised funds has led to the company’s inability to use the raised funds in the special account, which has had an adverse impact on the implementation of the investment project with raised funds. In order to promote the implementation of the investment projects with raised funds, the company invested part of its own funds in the investment projects with raised funds in 2017. However, due to the above judicial freezing, the company’s production and operation were greatly negatively affected. On September 12, 2018, Tianjin No.2 Intermediate People’s court deducted RMB 488013 million from the special account of Hua Xia Bank Co.Limited(600015) Beijing Century City sub branch of the company due to the dispute over the factoring contract between Tianjin Yimei international factoring Co., Ltd. and Shanghai Shenheng Trading Co., Ltd., Yiyang group and Yiyang Xintong. To sum up, the investment of the company’s own funds is limited. After deliberation and approval at the 24th Meeting of the 7th board of directors in 2019, the company postponed the implementation of the raised investment project until the subsequent use of raised funds is qualified. In 2021, it failed to continue to invest new funds in investment projects with raised funds.
Bright Oceans Inter-Telecom Corporation(600289) board of directors April 27, 2022
Schedule
Use of raised funds
Prepared by: error! Reference source not found.
Monetary unit: RMB 10000
Total amount of raised funds 10958729 total amount of raised funds invested in this year
Total amount of raised funds with changed purposes
The total amount of raised funds invested has been 3293454
Proportion of total raised funds with changed purposes
Accumulated items by the end of the period can be changed items, The adjusted investment of the raised funds is committed to the investment of the current year as of the end of the period. Whether the investment progress project meets the expected realization of the current year is the total amount of the promised investment project including part of the change promise investment, the total amount of the promised investment amount, the amount of the promised investment and the committed investment (%) (4) whether the benefits of the definite availability are expected to occur (if any) (1) (2) difference of amount = (2) / (1) significant change of benefit on status date (3) = (2) – (1)
Smart city construction project no 40 Shenzhen Guohua Network Security Technology Co.Ltd(000004) 0 Shenzhen Guohua Network Security Technology Co.Ltd(000004) 000000 – 4000000 0.00% incomplete not applicable not applicable no
Industry big data analysis or not 300 Fawer Automotive Parts Limited Company(000030) 0 Fawer Automotive Parts Limited Company(000030) Ping An Bank Co.Ltd(000001) 308379 – 1691621 43.61% unfinished not applicable not applicable no operation project
Whether the cloud security management system is built or not 10 Ping An Bank Co.Ltd(000001) 0 Ping An Bank Co.Ltd(000001) 0 Shenzhen Quanxinhao Co.Ltd(000007) 63180 – 236820 76.32% incomplete not applicable not applicable no project
Network optimization intelligent platform no 5 Shenzhen Fountain Corporation(000005) Shenzhen Fountain Corporation(000005) Ping An Bank Co.Ltd(000001) 69640 – 330360 33.93% unfinished not applicable not applicable no construction project
Regional innovation and application workshop no 15 Ping An Bank Co.Ltd(000001) 5 Ping An Bank Co.Ltd(000001) 5 Ping An Bank Co.Ltd(000001) 052255 – 447745 70.15% uncompleted not applicable not applicable no construction project
Supplementary working capital item no 958729958729958729 -958729 – not applicable not applicable no
Total – 1095872910958729109587293293454 – 7665275————
The reasons for not reaching the planned progress (specifically, the special account for raised funds has been frozen by the judiciary since the second half of 2017, which has affected the use of the company’s raised funds, and then the actual investment progress of the project).
In case of major changes in the feasibility of the project, due to the freezing of bank accounts such as the special account for raising funds of the company, the investment of raised funds and self owned funds into projects invested by raising funds of the company is limited, and the company has suspended the implementation of projects invested by raising funds, and the situation has been clarified.
The company invested 1980874 million yuan in advance with self raised funds for the raised investment projects, and the “ztzz (2016) No. 230za4458” authentication report on the pre investment of raised funds by Yiyang Xintong Co., Ltd. with self raised funds was issued by Zhitong Certified Public Accountants (special general partnership), In 2017, the company completed the replacement of 1445972 million yuan of the above raised funds, and 534902 million yuan was not completed due to the freezing of the raised funds account.
Temporary replenishment of working capital with idle raised funds, cash management of idle raised funds, and no investment in related products
Permanent replenishment of working capital with over raised funds none
Or repayment of bank loans, the amount of the balance of raised funds and the reasons for its formation are none
As of December 31, 2021, the company has invested a total of 478195900 yuan in projects invested with raised funds, of which 329345400 yuan has been used in total, and 148850500 yuan has not been transferred out of the special account for raised funds; On September 12, 2018, Tianjin Second Intermediate People’s court
