Hoshine Silicon Industry Co.Ltd(603260)
Report on the use of previously raised funds
China Securities Regulatory Commission:
In accordance with the provisions on the report on the use of the previously raised funds issued by your association, the use of the previously raised funds of the company as of December 31, 2021 is reported as follows.
1、 Raising and deposit of the previously raised funds
（1） The amount of funds raised last time and the time of receipt of funds
1. IPO in 2017
With the approval of zjxk [2017] No. 1778 document of China Securities Regulatory Commission and the consent of Shanghai Stock Exchange, the company’s lead underwriter Citic Securities Company Limited(600030) publicly issued 70 million RMB ordinary shares (A shares) to the public by means of offline inquiry and placement to qualified investors and online pricing issuance to public investors holding the market value of non restricted A-Shares in Shanghai market, The issue price is 19.52 yuan per share, with a total raised capital of 1366.4 million yuan. The raised capital after deducting the underwriting and recommendation fees is 1291.4 million yuan, which has been remitted to the raised capital supervision account of the company by the lead underwriter Citic Securities Company Limited(600030) on October 24, 2017. After deducting the additional external expenses directly related to the issuance of equity securities, such as underwriting and recommendation fees, lawyer fees, audit and verification fees, information disclosure fees and listing handling fees, such as RMB 920844 million (excluding tax), the net amount of funds raised by the company this time is RMB 12743156 million. The availability of the above raised funds has been verified by Tianjian Certified Public Accountants (special general partnership), who issued the capital verification report (Tianjian Yan [2017] No. 416).
2. Non public offering of shares in 2021
According to the reply on approval of Hoshine Silicon Industry Co.Ltd(603260) non-public Development Bank shares (zjxk [2021] No. 508) issued by China Securities Regulatory Commission, the company has Citic Securities Company Limited(600030) by the lead underwriter to privately issue 136165577 RMB ordinary shares (A shares) to natural persons Luo Yu and Luo Yedong, with an issue price of 18.36 yuan per share and a total raised capital of 249999999999372 yuan, The raised capital after deducting the underwriting and recommendation fee of 450000000 yuan is 24954999372 yuan, which has been remitted to the raised capital supervision account of the company by the lead underwriter Citic Securities Company Limited(600030) on June 4, 2021. After deducting the additional external expenses of 586430717 yuan (excluding tax) directly related to the issuance of equity securities, such as underwriting recommendation fee, audit fee, lawyer’s fee, information disclosure fee, stock registration fee and issuance document production fee, the net amount of funds raised by the company this time is 249413568655 yuan. Above raising
Jian Yan [2021] No. 271).
（2） Deposit of the previously raised funds in the special account
1. IPO in 2017
Unit: RMB 10000
December 2021
Initial deposit amount of deposit bank account No. remarks on the balance of the 31st month
forehead
Shanghai Pudong Development Bank Ning 941200788018 Ping An Bank Co.Ltd(000001) 5597242.98 special account for raised funds bocixi sub branch
China Agricultural Bank Of China Limited(601288) Cixi 3950700104001325830188.58 special account for raised funds Changhe sub branch
Shanghai Pudong Development Bank ning941200788014 Ping An Bank Co.Ltd(000001) 57 special account for raised funds bocixi sub branch
Total 12743156
[note] as of December 31, 2021, the raised funds have been used up, and the special account for raised funds with account No. 39507001040013258 of China Agricultural Bank Of China Limited(601288) Cixi Changhe sub branch has been cancelled in November 2017; The special account for raised funds with account No. 941200788018 Ping An Bank Co.Ltd(000001) 55 of Ningbo Cixi branch of Shanghai Pudong Development Bank was cancelled in December 2019, and the special account for raised funds with account No. 941200788014 Ping An Bank Co.Ltd(000001) 57 was cancelled on May 7, 2020
2. Non public offering of shares in 2021
Unit: RMB 10000
December 2021
Initial deposit amount of deposit bank account No. remarks on the balance of the 31st month
forehead
China Merchants Bank Co.Ltd(600036) Hangzhou Xixing 5739 Shenzhen Qixin Group Co.Ltd(002781) 1033316990706 special account for raised funds sub branch
Shanghai Pudong Development Bank 941200788018 Shenzhen Cereals Holdings Co.Ltd(000019) 6379506.51 special account for raised funds Ningbo Cixi sub branch
Total 24941357
[note] as of December 31, 2021, the raised funds have been used up, and the special account for raised funds with account number 5739 Shenzhen Qixin Group Co.Ltd(002781) 10333 of China Merchants Bank Co.Ltd(600036) Hangzhou Xixing sub branch has been cancelled on October 19, 2021; The special account for raised funds with account No. 9412007888018 Shenzhen Cereals Holdings Co.Ltd(000019) 63 of Ningbo Cixi sub branch of Shanghai Pudong Development Bank was cancelled on October 28, 2021
2、 Use of previously raised funds
See Annex 1 of this report for details of the use of the previously raised funds.
3、 Change of previous raised funds
The company does not change the use of funds for the investment project of the previously raised funds.
4、 Contents and reasons for the difference between the actual total investment of the previous fund-raising project and the commitment
1. IPO in 2017
The promised investment amount of the investment project invested by the previously raised funds is 1272382500 yuan, and the actual investment amount as of December 31, 2021 is 1295664300 yuan, with a difference of 232818 million yuan. The difference is due to the fact that the financial income and deposit interest of the previously raised funds are used for the investment of the projects invested by the raised funds.
2. Non public offering of shares in 2021
The promised investment amount of the investment project invested by the previously raised funds is 2494135700 yuan, and the actual investment amount as of December 31, 2021 is 2494427100 yuan, with a difference of 291400 yuan. The difference is due to the deposit interest of the previously raised funds used for the investment of the projects invested by the raised funds.
5、 Description of the external transfer or replacement of the investment project of the previously raised funds
The company has no external transfer or replacement of the investment projects of the previously raised funds.
6、 Description of the benefits achieved by the investment project of the previously raised funds
（1） Comparison table of realized benefits of investment projects with previously raised funds
See Annex 2 of this report for the benefits achieved by the investment projects with the funds raised last time. The calculation caliber and method of realized benefits in the comparison table are consistent with those of promised benefits.
（2） Description of the situation that the benefits of the investment project with the previously raised funds cannot be calculated separately
1. IPO in 2017
The company uses the raised funds for general purposes such as replenishing working capital and repaying bank loans, so as to optimize the asset liability structure and financial structure, reduce financial risks and meet the needs of the company’s subsequent production and operation development. Since the project invested with raised funds has not formed an independent implementation project, the benefits cannot be calculated separately.
2. Non public offering of shares in 2021
The company uses the raised funds to supplement the working capital, so as to optimize the asset liability structure and financial structure, reduce financial risks and meet the needs of the company’s subsequent production and operation development. Since the project invested with raised funds has not formed an independent implementation project, the benefits cannot be calculated separately.
（3） Description of the situation that the cumulative realized income of the investment project invested by the previously raised funds is less than 20% (including 20%) of the commitment
The company does not have the situation that the cumulative realized income of the investment project with the previously raised funds is less than 20% (including 20%) of the commitment. 7、 Description of the operation of the assets used to subscribe for shares in the previously raised funds
The company does not have the operation of the assets used to subscribe for shares in the previously raised funds.
8、 Use of idle raised funds
（1） Initial public offering in 2017
1. The company uses idle raised funds to temporarily supplement working capital
(1) On December 26, 2017, the 34th session of the first session of the board of directors of the company deliberated and approved the proposal on using some idle raised funds to temporarily supplement working capital, and agreed that the company would use some idle raised funds of 300 million yuan to temporarily supplement working capital. In 2017, the company used idle raised funds to temporarily supplement the working capital of 300 million yuan, which was returned in 2018.
(2) On December 5, 2018, the ninth session of the second session of the board of directors of the company considered and approved the proposal on continuing to use some idle raised funds to temporarily supplement working capital, and agreed that the company should continue to use some idle raised funds of RMB 300 million to temporarily supplement working capital. In 2018, the company used idle raised funds to temporarily supplement the working capital of 300 million yuan, which was returned in 2019.
2. The company’s use of temporarily idle raised funds to purchase bank financial products
On December 26, 2017, the 34th session of the first session of the board of directors of the company deliberated and approved the proposal on using some idle raised funds to purchase financial products, and agreed that the company would use idle raised funds with a maximum amount of no more than RMB 290 million to purchase financial products with high safety, good liquidity, the issuer has a principal guarantee agreement, and the term of a single product is no more than one year.
(1) In 2017, the company used idle raised funds to purchase financial products (fixed income vouchers) of RMB 290 million, which was redeemed in 2018.
(2) In 2018, the company used idle raised funds to purchase financial products (fixed income vouchers) of RMB 290 million, which was redeemed in 2018.
(3) In 2018, the company used idle raised funds to purchase structured deposit products of 580 million yuan, redeemed 390 million yuan in 2018 and 190 million yuan in 2019.
（2） Non public offering of shares in 2021
The company does not use idle raised funds.
9、 Balance of previous raised funds and use of surplus raised funds
There is no balance of the company’s previously raised funds.
10、 Description of other differences
There is no difference between the actual use of the company’s previously raised funds and the contents disclosed in the company’s annual periodic reports and other information disclosure documents.
Attachment: 1 Comparison table of the use of the previously raised funds
2. Comparison table of realized benefits of investment projects invested with previously raised funds
Hoshine Silicon Industry Co.Ltd(603260) board of directors may 20, 2002
Appendix 1-1
Comparison table of the use of the previously raised funds
(IPO in 2017)
As of December 31, 2021
