Iray Technology Company Limited(688301)
As of September 30, 2021
Report on the use of previously raised funds
In accordance with the provisions of the China Securities Regulatory Commission on the report on the use of the previously raised funds (zjfz [2007] No. 500), the company will report the use of the previously raised funds as of September 30, 2021 as follows:
1、 Basic information of previously raised funds
（1） Amount of funds raised last time and time of fund arrival
According to the reply on Approving the registration of initial public offering of Shanghai yiruiguang Electronic Technology Co., Ltd. (zjxk [2020] No. 1823) issued by China Securities Regulatory Commission, the company issued 18.2 million ordinary shares (A shares) in RMB for the first time, with an issue price of RMB 119.60 per share and a total raised capital of RMB 2176.72 million, After deducting underwriting and recommendation expenses and other expenses related to the issuance (excluding value-added tax), the total amount is 190.5506 million yuan, and the net amount of funds actually raised is 1986169400 yuan. The net amount of the above raised funds has been fully in place, which has been verified by Lixin Certified Public Accountants (special general partnership) and confirmed by issuing the capital verification report (Xin Kuai Shi Bao Zi [2020] No. za15507).
（2） Deposit of the previously raised funds in the special account
On September 11, 2020, the initial deposit amount of the company’s raised capital account was 1994746200 yuan. As of September 30, 2021, the accumulated amount of the company’s previously raised funds invested in the projects invested by raising funds was 258957900 yuan, the over raised funds were used to permanently supplement the working capital of 350 million yuan, the company paid other issuance expenses for issuing shares of 1999.25 million yuan, and the net interest income (including income from financial products) of the account was 48.1966 million yuan, The net amount of financial products purchased with idle raised funds was 812284800 yuan, the input tax on issuance expenses was 11415700 yuan, and the balance of raised funds account was 61312.33 yuan. As of September 30, 2021, the storage of raised funds is as follows:
Monetary unit: RMB 10000
Bank name account number initial deposit entity initial closing date remaining deposit amount method
Citibank (China) 1778478222 2020 Shanghai yiruiguang 5000.00 63.33 current account
Initial deposit initial closing date remaining deposit bank name account number deposit entity deposit amount method
Shanghai Branch September 11 Electronic Technology Stock Co., Ltd
Bank rifen Co., Ltd
Shanghai yiruiguang in 2020
Bank Of Suzhou Co.Ltd(002966) shares have electronic technology shares on September 11. The term of validity of the company’s Taicang sub branch is 518306000877 25000.00 60.49
Rifen Co., Ltd
China Merchants Bank Co.Ltd(600036) shares include Shanghai yiruiguang in 2020
Shanghai free trade 121909224210318 September 11 electronic technology stock 65000.00 15119.23 current test zone branch daily Share Co., Ltd
China China Minsheng Banking Corp.Ltd(600016) shares 2020 Shanghai yiruiguang
Copy Co., Ltd. Shanghai 656166663 September 11 electronic technology stock 104474.62 43214.14 current branch copy Co., Ltd
Bank Of Suzhou Co.Ltd(002966) Yirui imaging Co., Ltd
Taicang sub branch 519396000000976 Chengdu Technology Co., Ltd. 62.73 current company
China Merchants Bank Co.Ltd(600036) shares have Yirui imaging department
Shanghai free trade 121941209010330 Technology (Haining) 2792.41 Current Test Zone Branch Co., Ltd
Total 199474.62 61312.33
2、 Actual use of previously raised funds
（1） Comparison table of the use of the previously raised funds
Please refer to attached table 1 for the comparison table of the use of the previously raised funds.
（2） Changes in the actual investment projects of the previously raised funds
1. On October 26, 2020, the company held the 17th meeting of the first board of directors and the 11th meeting of the first board of supervisors, deliberated and adopted the proposal on the new implementation subject and implementation place of some raised capital investment projects of the company, It is proposed to establish a wholly-owned subsidiary Yirui image technology (Haining) Co., Ltd. (hereinafter referred to as “Yirui Haining”) as the new implementation subject of the production base construction project, and the new Haining Economic Development Zone is the implementation site of the raised investment project.
The company plans to use the raised funds of no more than 250 million yuan to establish a wholly-owned subsidiary Yirui Haining. The registered capital of Yirui Haining is proposed to be 150 million yuan and the registered address is Haining Economic Development Zone. Except for the new implementation subject and location of the above-mentioned raised investment projects, there is no change in the total investment and construction content. The independent directors of the company have expressed their independent opinions on the above matters. The recommendation institution has no objection to the new implementation subject and implementation place of some raised investment projects of the company.
2. The second meeting of the second board of directors and the second meeting of the second board of supervisors held on March 23, 2021 deliberated and adopted the proposal on the new implementation subjects and implementation locations of some raised capital investment projects of the company, in order to deal with the diversified detection application trend and technical requirements in the industrial field and strengthen the reserve and layout of detection technology, The company plans to use the wholly-owned holding subsidiary Yirui Image Technology Chengdu Co., Ltd. (hereinafter referred to as “Yirui Chengdu”) as the new implementation subject of the R & D center construction project to conduct in-depth research on high-performance detectors and applications. The company has an industrial plant in Chengdu, which is intended to be the main implementation site of the project. Except for the new implementation subject and location of the above-mentioned raised investment projects, there is no change in the total investment and construction content. The independent directors of the company have expressed their independent opinions on the above matters. The recommendation institution has no objection to the new implementation subject and implementation place of some raised investment projects of the company.
（3） External transfer or replacement of investment projects with previously raised funds
As of September 30, 2021, there was no external transfer or replacement of investment projects of the company’s previously raised funds.
（4） Use of temporarily idle raised funds
1. On October 26, 2020, the company held the 17th meeting of the first board of directors and the 11th meeting of the first board of supervisors, deliberated and adopted the proposal on cash management with temporarily idle raised funds, and agreed that the company would not affect the construction and use of raised funds and the safety of raised funds, Use the temporarily idle raised funds of no more than RMB 1.9 billion for cash management, and purchase investment products with high security, good liquidity and low risk level (including but not limited to financial products, structured deposits, time deposits, large certificates of deposit, seven day notice deposits, etc.), and such cash management products shall not be used for pledge, Not for the purpose of securities investment. The above amount of funds can be used on a rolling basis within 12 months from the date of adoption by the board of directors, and the chairman is authorized to exercise the decision-making power and sign relevant legal documents. The specific operations shall be organized and implemented by the company’s financial center. The independent directors of the company have expressed their independent opinions on the above matters. The recommendation institution has no objection to the company’s use of temporarily idle raised funds for cash management. 2. On October 21, 2021, the company held the eighth meeting of the second board of directors and the eighth meeting of the second board of supervisors, deliberated and adopted the proposal on cash management with temporarily idle raised funds, and agreed that the company would not affect the construction and use of raised funds and the safety of raised funds, Use the temporarily idle raised funds of no more than RMB 1.4 billion for cash management, and purchase investment products with high security, good liquidity and low risk level (including but not limited to financial products, structured deposits, time deposits, large certificates of deposit, seven day notice deposits, etc.), and such cash management products shall not be used for pledge, Not for the purpose of securities investment. The above amount of funds can be used on a rolling basis within 12 months from the date of adoption by the board of directors, and the chairman is authorized to exercise the decision-making power and sign relevant legal documents. The specific operations shall be organized and implemented by the company’s financial center. The independent directors of the company have expressed their independent opinions on the above matters. The recommendation institution has no objection to the company’s use of temporarily idle raised funds for cash management.
As of September 30, 2021, the balance of funds raised by the company for cash management was 812.2848 million yuan, including 165 million yuan of structural deposits, 597.2848 million yuan of seven-day call deposits and 50 million yuan of large certificates of deposit.
3、 Economic benefits generated by the investment project with the previously raised funds
（1） Comparison table of realized benefits of investment projects with previously raised funds
Please refer to attached table 2 for the comparison table of the realized benefits of the investment projects with the previously raised funds.
（2） Reasons and conditions for the inability to separately calculate the benefits of the investment projects with the previously raised funds
“R & D center construction project” is a R & D project. The implementation of the project aims to introduce new talents for the company, provide sufficient R & D funds, effectively improve the experience and strength of the company’s scientific research team, further improve the company’s scientific and technological innovation system, greatly improve the company’s independent innovation ability, promote the close combination of science and technology and production, and accelerate the transformation of scientific and technological achievements, It lays a solid foundation for the company to grow into a world leading supplier of detector integrated solutions. The benefits are reflected in the overall economic benefits of the company and cannot be calculated separately.
“Marketing and service center construction project” is the upgrading of the company’s marketing service network. Through the implementation of the project, the company will build marketing and service centers in Shanghai, South Korea, North America and Europe to form a chain marketing and service network with distinct levels, orderly division of labor and reasonable layout, aiming to provide sales and service capacity of new businesses and regions, shorten service response time Shorten the return maintenance cycle of products, improve users\’ experience of after-sales service, reduce the maintenance cost of products sold in the U.S. market, improve the global customer communication experience and training quality, and strengthen the market promotion of new product lines. The benefits of the project are reflected in the overall economic benefits of the company, so it can not be calculated separately.
“Supplementary working capital project” is used to supplement working capital. The project reduces the company’s financial risk, improves the company’s solvency, sustainable operation ability and financing ability by increasing the company’s working capital, improves the company’s credit, expands the space for financing with financial leverage, and enhances the company’s ability to prevent financial risks, The project benefit is reflected in the overall economic benefit of the company, so it cannot be calculated separately.
（3） The difference between the cumulative realized income and the promised cumulative income of the investment project invested by the previously raised funds. As of September 30, 2021, the “production base construction project” is in the construction period and has not reached the production capacity. 4、 Asset operation of the project invested by the previously raised funds
The company has no asset operation in which the previously raised funds were used to subscribe for shares.
5、 Comparison of information disclosure on the actual use of the previously raised funds
There is no difference between the actual use of the above raised funds of the company and the relevant contents disclosed in the company’s periodic reports and other information disclosure documents.
6、 Approval and issuance of report
This report was approved by the board of directors on January 13, 2022.
Attached table: 1. Comparison of the use of funds raised in the previous time
2. Comparison table of realized benefits of investment projects with previously raised funds
