Securities code: 605228 securities abbreviation: Shentong Technology Group Co.Ltd(605228) Announcement No.: 2022-008 Shentong Technology Group Co.Ltd(605228)
On temporary replenishment of working capital by using some idle raised funds
Announcement of
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
Important content tips:
Shentong Technology Group Co.Ltd(605228) (hereinafter referred to as “the company”) will use part of the idle raised funds of RMB 180 million to temporarily supplement the working capital, and the service life shall not exceed 12 months from the date of deliberation and approval by the board of directors of the company.
1、 Basic information of raised funds
According to the reply on approving Shentong Technology Group Co.Ltd(605228) initial public offering of shares (zjxk [2020] No. 3062) issued by China Securities Regulatory Commission and with the consent of Shanghai Stock Exchange, the company issued 80 million RMB common shares (a) at an initial public offering price of 5.89 yuan / share, and the total amount of raised funds was 471200000.00 yuan, After deducting the issuance expenses, the net amount of raised funds is 412150281.51 yuan. The balance of the above raised funds after deducting the recommendation and underwriting fee has been fully recorded in the account, and has been verified by Lixin Certified Public Accountants (special general partnership) and issued a capital verification report (Xin Kuai Shi Bao Zi [2021] zf10015). The company has adopted a special account for the raised funds, and signed a tripartite supervision agreement with the sponsor and the deposit bank for the raised funds.
The company held the 13th meeting of the first board of directors and the 7th Meeting of the first board of supervisors on February 4, 2021, deliberated and adopted the proposal on using some idle raised funds to supplement working capital temporarily, and agreed that the company should use the idle raised funds of no more than 230 million yuan to supplement working capital temporarily, The service life shall not exceed 12 months from the date of deliberation and approval by the board of directors. For details, please refer to the website of Shanghai Stock Exchange (www.sse. Com. CN.) on February 5, 2021 And the announcement on temporarily replenishing working capital with some idle raised funds (Announcement No.: 2021-004) disclosed on the designated media.
As of December 30, the company’s actual amount of idle raised funds to temporarily supplement working capital was 188503800 yuan. The company has returned all the above funds to the special account for raised funds and notified the company’s recommendation institution and recommendation representative. For details, please refer to the website of Shanghai Stock Exchange (www.sse. Com. CN.) on December 30, 2021 And the announcement on the return of idle raised funds for temporary supplementary working capital disclosed on the designated media (Announcement No.: 2021-061).
2、 Basic information of projects invested with raised funds
As of December 31, 2021, the investment of funds raised by the company’s initial public offering is as follows:
Unit: 10000 yuan
Project input
The raised capital to be used in the project investment has been invested accumulatively
No. item name (%)
Total investment amount of raised funds
1 automobile interior and exterior trim production expansion project 19310.88 3310.88 303.78 9.18
2 automobile power product expansion project 17622.84 14030.13 4779.95 34.07
3. Production expansion project of automotive high gloss exterior trim 12931.86 12931.86 8520.26 65.89
4 R & D center construction project 10618.98 2618.98 872.99 33.33
5 automobile intelligent product production and construction project 5323.18 3323.18 13.68 0.41
6 supplementary working capital project 5000.00 5000.00 5000.00 100
Total 70807.74 41215.03 19490.66 47.29
As of December 31, 2021, the balance of the company’s fund-raising account was 219070609.01 yuan (including the net amount of bank deposit interest income minus bank handling charges).
3、 The plan of temporarily replenishing working capital by using some idle raised funds this time
In order to improve the use efficiency of the raised funds and reduce the company’s financial expenses, on the premise of ensuring the construction fund demand of the project invested by the raised funds and the normal progress of the project, the company plans to use no more than 180 million yuan of idle raised funds to temporarily supplement the working capital, and the service life shall not exceed 12 months from the date of deliberation and approval by the board of directors. The use of some idle raised funds to temporarily supplement working capital does not change the investment direction of the raised funds in a disguised manner, will not change the purpose of the raised funds, and will not affect the normal progress of the investment plan of the raised funds. During this period, if the balance of the special account for raised funds cannot meet the payment of raised funds, the company will return the raised funds that have been temporarily supplemented with working capital to the special account for raised funds in time according to the actual needs.
4、 Review procedures for temporarily replenishing working capital with some idle raised funds this time
The company held the fifth meeting of the second board of directors and the fourth meeting of the second board of supervisors on January 14, 2022, deliberated and adopted the proposal on using some idle raised funds to temporarily supplement working capital, and agreed that the company should use the idle raised funds of no more than 180 million yuan to temporarily supplement working capital, The service life shall not exceed 12 months from the date of deliberation and approval by the board of directors. The independent directors, the board of supervisors and the recommendation institution have expressed their explicit consent to the above matters. The company’s use of some idle raised funds to temporarily supplement working capital meets the relevant requirements of the CSRC, such as the guidelines for the supervision of listed companies No. 2 – regulatory requirements for the management and use of raised funds by listed companies.
5、 Description of special opinions
(I) opinions of independent directors
On the premise of not affecting the normal progress of the investment projects with raised funds, the company uses some idle raised funds to temporarily supplement the working capital, which is conducive to improving the use efficiency of raised funds and saving the company’s financial expenses. There is no situation of changing the investment direction of raised funds and damaging the interests of shareholders of the company. The relevant approval procedures comply with the relevant provisions of the guidelines for the supervision of listed companies No. 2 – regulatory requirements for the management and use of raised funds by listed companies and the company’s raised funds management system of the CSRC. Therefore, the independent directors agree that the company shall temporarily supplement the working capital with idle raised funds of no more than 180 million yuan, and the service life shall not exceed 12 months from the date of deliberation and approval by the board of directors.
(II) opinions of the board of supervisors
On the premise of ensuring the capital demand for the construction of the investment projects with raised funds and not affecting the normal progress of the investment projects with raised funds, the company uses part of the raised funds to supplement the working capital temporarily, which is conducive to maximizing the use efficiency of the raised funds, reducing financial expenses and safeguarding the interests of the company and investors. Therefore, the board of supervisors agreed that the company should use the raised capital of RMB 180 million to supplement the working capital temporarily, and the service life should not exceed 12 months from the date of deliberation and approval by the board of directors.
(III) verification opinions of the recommendation institution
Upon examination, the sponsor believes that the company’s use of some idle raised funds to temporarily supplement working capital has been deliberated and approved by the board of directors and the board of supervisors of the company, and the independent directors have expressed their consent. The matter has fulfilled the corresponding deliberation procedures and is in line with the stock Listing Rules of Shanghai Stock Exchange Relevant provisions such as the guidelines for the supervision of listed companies No. 2 – regulatory requirements for the management and use of raised funds by listed companies do not affect the normal use of funds for investment projects with raised funds, and there is no situation of changing the investment direction of raised funds in a disguised manner and damaging the interests of shareholders. Therefore, the recommendation institution has no objection to the company’s use of some idle raised funds to temporarily supplement working capital.
6、 Documents for future reference
1. Resolutions of the fifth meeting of the second board of directors;
2. Resolutions of the fourth meeting of the second board of supervisors;
3. Shentong Technology Group Co.Ltd(605228) independent directors’ independent opinions on matters related to the resolutions of the fifth meeting of the second board of directors;
4. Verification opinions of Orient Securities Company Limited(600958) underwriting and recommendation Co., Ltd. on Shentong Technology Group Co.Ltd(605228) using some idle raised funds to temporarily supplement working capital.
It is hereby announced.
Shentong Technology Group Co.Ltd(605228) board of directors January 15, 2022
