Securities code: 300850 securities abbreviation: Luoyang Xinqianglian Slewing Bearings Co.Ltd(300850) Announcement No.: 2022-004 Luoyang Xinqianglian Slewing Bearings Co.Ltd(300850)
Report on the use of previously raised funds
1、 Fund raising of the previous fund raising
(I) initial public offering
The company has been approved by the reply on approving Luoyang Xinqianglian Slewing Bearings Co.Ltd(300850) initial public offering of shares (zjxk [2020] No. 919) of China Securities Regulatory Commission and approved by Shenzhen Stock Exchange, The company's lead underwriter Dongxing Securities Corporation Limited(601198) issued 26.5 million RMB common shares (A shares) by combining offline inquiry and placement to inquiry objects and online fund subscription and pricing issuance. The issue price is 19.66 yuan per share. As of July 8, 2020, the company has actually publicly issued 26.5 million RMB common shares (A shares) to the public, with a total raised capital of 520990000.00 yuan. The raised capital after deducting the underwriting fee of 55300000.00 yuan is 465690000.00 yuan, which has been deposited by Dongxing Securities Corporation Limited(601198) into the company's RMB accounts opened in Xinghua sub branch of Bank of Luoyang Co., Ltd. (Account No. 99008066526) and Bank Of Communications Co.Ltd(601328) Xiyuan sub branch of Luoyang Branch (Account No. 413062200018090000113) on July 8, 2020, After deducting other issuance expenses of RMB 23339988.68, the net amount of raised funds is RMB 442350011.32.
As of July 8, 2020, all the funds raised by the above issuance of the company have been in place, which has been verified and confirmed by Dahua Certified Public Accountants (special general partnership) with the capital verification report of "Dahua Yan Zi [2020] No. 000350". The company has opened a special account for the storage of raised funds in accordance with the measures for the administration of securities issuance of listed companies (revised in 2020).
As of December 31, 2021, all investment projects funded by the company's initial public offering of shares have been closed, and all special accounts for raised funds have been closed.
(II) issuing shares to specific objects
The company approved Luoyang Xinqianglian Slewing Bearings Co.Ltd(300850) company to issue shares to specific objects and raise matching funds of no more than 1460 million yuan by issuing shares to specific objects according to the reply on approving Luoyang Xinqianglian Slewing Bearings Co.Ltd(300850) to issue shares to specific objects and register (zjxk [2021] No. 1880) issued by China Securities Regulatory Commission.
In this non-public offering, 13746351 ordinary shares (A shares) were issued to specific objects at an issue price of 106.21 yuan per share, and the total amount of funds actually raised was 145999939.71 yuan, After deducting the underwriting fee and recommendation fee of 7799999.70 yuan (excluding tax; the total amount excluding tax of recommendation and underwriting fee is 8299999.70 yuan, and the amount excluding tax has been paid in the early stage is 500000.00 yuan), the raised fund is 1452199940.01 yuan, which has been deposited by Dongxing Securities Corporation Limited(601198) into the company's Luoyang Jingu sub branch in Bank Of Communications Co.Ltd(601328) on August 4, 2021. The account number is 41361199011000309706 China Citic Bank Corporation Limited(601998) the account number of Luoyang Free Trade Zone Science and technology branch is 8111101013401340858, the account number of Luoyang Branch of Zhejiang Bank Co., Ltd. is 493000010120100032643, and the account number of Luoyang Branch Business Department of Shanghai Pudong Development Bank Co., Ltd. is 13210078801300002318. After deducting other issuance expenses of RMB 1405708.74, the net amount of raised funds is RMB 1450794231.27. The availability of the above funds has been verified by Dahua Certified Public Accountants (special general partnership), which issued the capital verification report "Dahua Yan Zi [2021] No. 000551".
In accordance with the measures for the administration of securities issuance of listed companies (revised in 2020), the company has opened a special account for the storage of raised funds in the following banks. As of December 31, 2021, the storage of raised funds is listed as follows:
Monetary unit: RMB
Bank name account number initial deposit amount closing date balance storage method
Over RMB 1 million
Bank Of Communications Co.Ltd(601328) applicable agreement interest rate
Luoyang Jingu sub branch 413611990011000309706 500000.00 102076687.21 1.65%, 1 million yuan
The following part is applicable to current account
interest rate
China Citic Bank Corporation Limited(601998) 8111101013401340858 328000000.00 account closed
Luoyang Free Trade Zone Science and technology sub branch
The minimum deposit is 30
China Zheshang Bank Co.Ltd(601916) the part above 10000 yuan is suitable
Luoyang Branch 493000010120100032643 189199940.01 88251491.49 agreed interest rate
1.65%, 300000 yuan
Current interest rate applicable under
Shanghai Pudong Development Bank Co., Ltd
Luoyang Branch Business Co., Ltd. 13210078801300002318 435000000.00 38392631.36 current
Department
Total 1452199940.01 228720810.06
Note 1: as of December 31, 2021, Bank Of Communications Co.Ltd(601328) Luoyang Jingu sub branch's account number is 41361199011000309706, and the balance of raised funds is 102076687.21 yuan (including the net amount of financial income and bank interest income of raised funds after deducting handling fees of 1595729.77 yuan), which is deposited in the special account for raised funds;
Note 2: on October 20, 2021, the company transferred the net amount of 24596.95 yuan from the bank interest income of raised funds in the special account of China Citic Bank Corporation Limited(601998) Luoyang Free Trade Zone Science and technology sub branch (account 8111101013401340858) after deducting handling charges to other accounts, and cancelled the special account for raised funds;
Note 3: as of December 31, 2021, China Zheshang Bank Co.Ltd(601916) Luoyang Branch's account number is 493000010120100032643, and the balance of raised funds is RMB 88251491.49 (including the net amount of bank interest income of raised funds after deducting handling fees of RMB 457260.22), which is deposited in the special account for raised funds; Note 4: as of December 31, 2021, Shanghai Pudong Development Bank Co.Ltd(600000) Luoyang Branch's business department account number is 13210078801300002318, and the balance of raised funds is 38392631.36 yuan (including the net amount of raised fund financial income and bank interest income after deducting handling fees of 3392631.36 yuan), which is deposited in the special account for raised funds.
2、 Actual use of previously raised funds
(I) use of previously raised funds
For details, see attached table 1 comparison table of the use of previously raised funds - initial public invoice shares;
See attached table 2 comparison table of the use of previously raised funds - issuing shares to specific objects for details.
(II) changes in the actual investment projects of the previously raised funds
The project of raised funds has not been changed.
(III) external transfer or replacement of investment projects with previously raised funds
1. Initial public offering
On July 27, 2020, the 23rd Meeting of the second board of directors of the company deliberated and approved the proposal on using the raised funds to replace the self raised funds of the projects invested with raised funds in advance, and agreed to use the raised funds to replace the self raised funds of 187599200 yuan invested in the projects invested with raised funds in advance.
The above exchange of raised funds has been reviewed by Dahua Certified Public Accountants (special general partnership) and issued the assurance report on Luoyang Xinqianglian Slewing Bearings Co.Ltd(300850) pre investment of raised funds in investment projects with self raised funds (dahuahe Zi [2020] No. 006559). The independent directors, the board of supervisors and the recommendation institution of the company have expressed their consent on the above matters of replacing the self raised funds invested in the investment projects with the raised funds in advance.
2. Issue shares to specific objects
On August 25, 2021, the 8th meeting of the third board of directors of the company deliberated and approved the proposal on using the raised funds to replace the self raised funds of the projects invested with raised funds in advance, and agreed that the company would use the raised funds to replace the self raised funds of 24.8402 million yuan of the projects invested with raised funds in advance.
The above exchange of raised funds has been reviewed by Dahua Certified Public Accountants (special general partnership) and issued the assurance report on Luoyang Xinqianglian Slewing Bearings Co.Ltd(300850) pre investment of raised funds in investment projects with self raised funds (dahuahe Zi [2021] No. 0010496). The independent directors, the board of supervisors and the recommendation institution of the company have expressed their consent on the above matters of replacing the self raised funds invested in the investment projects with the raised funds in advance.
(IV) use of idle raised funds
On August 25, 2021, the company held the 8th meeting of the 3rd board of directors and the 7th Meeting of the 3rd board of supervisors, which deliberated and adopted the proposal on cash management using some idle raised funds. In order to improve the use efficiency of the company's raised funds and increase the income of the company's cash assets, it is agreed that the company plans to use the temporarily idle raised funds for cash management with a total amount of no more than RMB 500 million and a purchase investment period of no more than 12 months on the premise of ensuring the normal implementation of the investment projects with raised funds Financial products with Principal Guaranteed agreements (including but not limited to time deposits, structured deposits, call deposits, principal guaranteed financial management, etc.) can be recycled and used within the above validity period.
The company manages the raised funds in strict accordance with the above authorization. As of December 31, 2021, the balance of bank principal guaranteed financial products purchased by the company with idle raised funds is RMB 500 million, as follows:
Monetary unit: RMB
Name of investment institution product name balance value date maturity date expected annualized rate of return
Shanghai Pudong Development Bank stock structured deposit: stable profit of the company
2021.12.6 2022.3.7 Luoyang Branch 21jg8002 (3 months early bird 200000000.00)
