Securities code: 301259 securities abbreviation: aibulu Announcement No.: 2022006 Hunan aibulu Environmental Protection Technology Co., Ltd
On the use of idle self owned funds and some temporarily idle raised funds
Announcement of cash management
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.
Hunan aibulu Environmental Protection Technology Co., Ltd. (hereinafter referred to as "aibulu" or "the company") held the 16th meeting of the second board of directors and the 16th meeting of the second board of supervisors on May 19, 2022, deliberated and adopted the proposal on using idle self owned funds for cash management and the proposal on using some temporarily idle raised funds for cash management, It is agreed that the company and its holding subsidiaries use idle self owned funds of no more than RMB 200 million (including this amount) to appropriately purchase low-risk and liquid financial products with an investment period of no more than 12 months, and the company is agreed to use temporarily idle raised funds (including over raised funds) of no more than RMB 300 million (including this amount) for cash management. The above amount can be recycled within 12 months from the date of deliberation and approval by the general meeting of shareholders of the company. This proposal needs to be submitted to the general meeting of shareholders of the company for deliberation. The details are hereby announced as follows:
1、 Basic information of raised funds
Approved by the China Securities Regulatory Commission (hereinafter referred to as the "CSRC") on the approval of the registration of initial public offering of shares of Hunan aibulu Environmental Protection Technology Co., Ltd. (zjxk [2022] No. 495), Hunan aibulu Environmental Protection Technology Co., Ltd. (hereinafter referred to as the "company") issued 30000000 ordinary shares (A shares) with a par value of RMB 1 per share, The issuing price per share is 18.39 yuan, and the total amount of raised funds is 55170000000 yuan. After deducting 4163773585 yuan of underwriting recommendation fee (excluding tax) and 1847648378 yuan of other relevant issuance expenses (excluding tax), the actual net amount of raised funds is 49158578037 yuan. The raised funds have been transferred to the designated account of the company on April 20, 2022. Zhongshenhua Certified Public Accountants (special general partnership) has verified the capital availability of the company's initial public offering on April 21, 2022 and issued the capital verification report "CAC Zheng Yan Zi [2022] No. 0035".
In order to standardize the management of the company's raised funds and protect the rights and interests of investors, the company signed the tripartite supervision agreement on raised funds with the sponsor and the bank opening the special account for raised funds, opened a special account for raised funds and stored the raised funds in a special account. All the above-mentioned raised funds have been deposited in the special account for raised funds of the company as required. 2、 Use and management of raised funds
According to the information disclosed in the company's prospectus for initial public offering and listing on GEM, the investment projects and use plans of the funds raised by the company's initial public offering are as follows:
Unit: 10000 yuan
No. project name total investment amount of the project proposed investment amount
1. Construction project of 13579911352791 production base of integrated equipment for soil remediation agent and sewage treatment
2. Upgrading and construction project of R & D and Design Center 595260595260
3 marketing service and technical support network construction project 335332335332
4. Supplementary working capital project 12 Ping An Bank Co.Ltd(000001) 200000
Total 34885833483383
As the construction of the raised investment project needs a certain period, the project funds will be invested in stages and batches according to the actual situation of the project, and the specific investment direction of the over raised funds has not been determined. It is expected that some of the raised funds will remain idle in the short term.
3、 Basic information of cash management using idle self owned funds and some temporarily idle raised funds (I) purpose of cash management
In order to improve the use efficiency of idle self owned funds and temporarily idle raised funds, under the condition of ensuring the normal operation of the company and its holding subsidiaries and not affecting the normal progress of the investment plan of raised funds, cash management is carried out for idle self owned funds and temporarily idle raised funds, so as to increase capital income and seek better investment return for the company and shareholders.
(II) investment varieties
1. Investment varieties of idle self owned funds
On the premise of ensuring the safety of funds, the company and its holding subsidiaries will strictly control risks in accordance with relevant regulations, and use idle self owned funds of no more than 200 million yuan (including this amount) to appropriately purchase low-risk and liquid financial products with an investment period of no more than 12 months, including but not limited to financial products, trust products issued by commercial banks, securities companies, insurance companies, trust companies or other financial institutions Asset management plan, structured deposits, money market funds, bond funds, reverse repurchase of treasury bonds, income certificates of securities companies and other financial objects and financial management methods approved according to the company's internal decision-making procedures, but excluding the investment varieties involved in high-risk investment in Shenzhen Stock Exchange listed companies self discipline supervision index No. 2 - standardized operation of GEM listed companies.
2. Investment varieties of idle raised funds
On the premise of ensuring the safety of funds, the company uses the temporarily idle raised funds (including over raised funds) with a limit of no more than 300 million yuan (including this amount) for cash management, and plans to buy financial products or deposit products with high security and good liquidity, including but not limited to structured deposits, large certificates of deposit, time deposits, call deposits and other products. The term of investment products shall not exceed 12 months. Products invested by temporarily idle raised funds must meet the following conditions:
(1) Products with high security such as structured deposits and certificates of deposit;
(2) Good liquidity shall not affect the normal operation of the investment plan of the raised funds. For the temporarily idle investment of raised funds, the above investment products shall not be pledged, and the special settlement account of products shall not deposit non raised funds or be used for other purposes.
(III) cash management limit and term
The company and its holding subsidiaries intend to use idle self owned funds of no more than RMB 200 million (including this amount) and temporarily idle raised funds of no more than RMB 300 million (including this amount) for cash management. The service life is effective within 12 months from the date of deliberation and approval by the general meeting of shareholders of the company.
The above amount can be recycled and accumulated within the validity period of the resolution.
(IV) cash management decision and Implementation
After being deliberated and approved by the general meeting of shareholders, the chairman of the board of directors or the person authorized by the chairman of the board of directors shall be authorized to sign relevant contract documents within the validity period and the limit. The specific matters shall be organized and implemented by the financial department of the company.
(V) information disclosure
The company will perform relevant information disclosure obligations in accordance with the relevant provisions of Shenzhen Stock Exchange and other regulatory authorities.
4、 Investment risk analysis and risk control measures
(I) investment risk
1. Although the company and its holding subsidiaries invest in financial products with high safety, good liquidity and controllable risk, the financial market is greatly affected by the macro-economy, and it is not excluded that the investment is affected by market fluctuations;
2. The company will intervene timely and appropriately according to the economic situation and changes in the financial market, so the actual income of short-term investment is unpredictable.
(II) risk control measures
1. The company will strictly abide by the principle of prudent investment, strictly screen investment objects, and select products issued by companies with good reputation, large scale, ability to ensure capital safety, good operating efficiency and strong capital operation ability. It shall not be used for other securities investment, and shall not purchase financial products with stocks and their derivatives and unsecured bonds as the investment object;
2. The Finance Department of the company will timely analyze and track the investment direction of financial products and the progress of the project. If it is found that there are risk factors that may affect the safety of the company's funds, it will take corresponding measures in time to control the investment risk; 3. The Audit Department of the company shall supervise the use of funds;
4. Independent directors and the board of supervisors may supervise and inspect the use of funds, and may hire professional institutions to audit when necessary.
5、 Impact on the daily operation of the company
The company's use of idle self owned funds and some idle raised funds for cash management this time is to use idle self owned funds and some idle raised funds for cash management based on the principle of prudence under the condition of ensuring the normal operation of the company and not affecting the normal progress of the investment plan of raised funds, which will not affect the normal development of the company's main business and will not conflict with the implementation plan of the investment project of raised funds, There is no situation of changing the investment direction of the raised funds in a disguised form and damaging the interests of shareholders. At the same time, it can improve the efficiency of capital use, obtain a certain return on investment, and obtain more return on investment for the company and shareholders.
6、 Decision making procedures for the implementation of this matter and opinions of relevant institutions
(I) deliberations of the board of directors
The company held the 16th meeting of the second board of directors on May 19, 2022, and deliberated and passed the proposal on using idle self owned funds for cash management and the proposal on using some temporarily idle raised funds for cash management. After deliberation by the directors present at the meeting, on the premise of ensuring the safety of funds, it is agreed that the company and its holding subsidiaries intend to use idle self owned funds to appropriately purchase low-risk and liquid financial products with an investment period of no more than 12 months, including but not limited to financial products, trust products, asset management plans, structured deposits issued by commercial banks, securities companies, insurance companies, trust companies or other financial institutions Money market funds, bond funds, reverse repo of treasury bonds, income certificates of securities companies and other financial objects and methods approved according to the company's internal decision-making procedures, but excluding the investment varieties involved in high-risk investment in the guidelines for self discipline supervision of listed companies on Shenzhen Stock Exchange No. 2 - standardized operation of Companies listed on GEM.
The board of directors agrees that the company will use the temporarily idle raised funds (including over raised funds) of no more than RMB 300 million (including this amount) for cash management, and plans to buy financial products or deposit products with high security and good liquidity, including but not limited to structured deposits, large certificates of deposit, time deposits, call deposits and other products. The use of some temporarily idle raised funds for cash management will not affect the normal operation of the investment plan of the raised funds, and the investment products will not be used for pledge.
The validity period of the above quota can be recycled and used within 12 months from the date of deliberation and approval by the general meeting of shareholders of the company. The board of directors requests the general meeting of shareholders to authorize the chairman of the company or the person authorized by the chairman of the board of directors to sign relevant contract documents within the validity period and the scope of the quota, and the specific matters shall be organized and implemented by the financial department of the company.
(II) opinions of the board of supervisors
On May 19, 2022, the company held the 16th meeting of the second board of supervisors, deliberated and adopted the proposal on using idle self owned funds for cash management and the proposal on using some temporarily idle raised funds for cash management. The board of supervisors believes that on the premise of ensuring the safety of funds, the company and its holding subsidiaries intend to use idle self owned funds to appropriately purchase low-risk and liquid financial products with an investment period of no more than 12 months, including but not limited to financial products, trust products, asset management plans, structured deposits, money market funds Bond funds, reverse repurchase of treasury bonds, income certificates of securities companies and other financial objects and methods approved according to the company's internal decision-making procedures, but excluding the investment varieties involved in high-risk investment in the guidelines for self discipline supervision of listed companies of Shenzhen Stock Exchange No. 2 - standardized operation of companies listed on GEM.
It is agreed that the company will use the temporarily idle raised funds (including over raised funds) with a limit of no more than RMB 300 million (including principal amount) for cash management, and plans to purchase financial products or deposit products with high security and good liquidity (including but not limited to principal guaranteed products such as structural deposits, large certificates of deposit, time deposits and call deposits), which will not affect the normal progress of the investment plan of the raised funds, and the investment products will not be used for pledge. The above quota is valid for 12 months from the date of deliberation and approval by the general meeting of shareholders of the company, and can be recycled and used.
The above quota can be recycled within 12 months from the date of deliberation and approval by the general meeting of shareholders of the company..
(III) opinions of independent directors
After review, the independent directors believe that: the company and its holding subsidiaries use idle self owned funds of no more than 200 million yuan (including this amount) and the company uses some temporarily idle raised funds of no more than 300 million yuan (including this amount) for cash management, Comply with the relevant provisions of Shenzhen Stock Exchange GEM Listing Rules, Shenzhen Stock Exchange listed companies self regulatory guidelines No. 2 - standardized operation of GEM listed companies, listed companies regulatory guidelines No. 2 - regulatory requirements for the management and use of raised funds by listed companies, and the company's measures for the management of the use of raised funds. The company has fulfilled the necessary legal approval procedures, which are legal and effective.
On the premise of ensuring that the normal production and operation and the construction of investment projects with raised funds are not affected, the company and its holding subsidiaries use the above idle self owned funds and part of the temporarily idle raised funds for cash management within the review limit and period, which is conducive to improving the cash income of funds, and there is no situation of changing the use purpose of raised funds in a disguised manner and damaging the interests of shareholders of the company.
Therefore, we unanimously agree that the company and its holding subsidiaries use idle self owned funds and some temporarily idle raised funds for cash management, and agree to submit the matter to the general meeting of shareholders of the company for deliberation.
(IV) verification opinions of the recommendation institution
After verification, the sponsor believes that the use of some temporarily idle raised funds and idle self owned funds for cash management will not conflict with the implementation plan of the investment project with raised funds and does not exist
