Hichain Logistics Co.Ltd(300873)
Hichain Logistics Co., Ltd.
(registered address: No. 111, Quanhai Road, Wujiang Economic Development Zone, Suzhou City, Jiangsu Province) scheme for issuing shares to specific objects in 2022
Demonstration and Analysis Report
May, 2002
Hichain Logistics Co.Ltd(300873) (hereinafter referred to as “company” or “Haichen logistics”) intends to issue shares to specific objects to raise funds. The feasibility analysis of the company’s board of directors on the use of the funds raised by issuing shares to specific objects is as follows: I. The use plan of the funds raised this time
The total amount of funds raised by this issuance of shares to specific objects shall not exceed 380 million yuan (including this amount), which will be used to supplement working capital after deducting the issuance expenses. 2、 Necessity and feasibility of the use of the raised funds (I) necessity of the raised funds
With the expansion of the company’s business scale and the implementation of the company’s development strategy, the company’s capital demand is gradually increasing. The issuance of shares to specific objects to raise funds will effectively enhance the liquidity level in the process of the company’s development, provide financial support for the company’s business development, increase the company’s investment in talent training, technology research and development, intelligent storage construction, etc., and help the company enhance its capital strength, improve its anti risk ability and further enhance its core competitiveness. (II) feasibility of the raised funds
1. The use of the funds raised in this offering complies with the provisions of laws and regulations
The funds raised from the issuance of shares to specific objects to supplement working capital comply with the provisions of relevant laws and regulations such as the measures for the administration of securities issuance and registration of companies listed on the gem (for Trial Implementation), the Q & A on issuance supervision – regulatory requirements on guiding and standardizing the financing behavior of listed companies (Revised Version), and are feasible.
2. The issuer’s governance is standardized and internal control is perfect
The company has established a modern enterprise system with the corporate governance structure as the core, and formed a more standardized corporate governance system and a perfect internal control environment through continuous improvement and perfection. In terms of the management of raised funds, the company has established the measures for the management of raised funds in accordance with the regulatory requirements, which clearly stipulates the storage, use, investment direction change, inspection and supervision of raised funds. After the funds raised in this offering are in place, the board of directors of the company will continue to supervise the company’s storage and use of the raised funds, so as to ensure the reasonable and standardized use of the raised funds and prevent the risk of illegal use of the raised funds.
3、 Matters related to the investment direction of the raised funds for approval
The raised funds are used to supplement working capital. The purpose of the funds is in line with the national industrial policies, and there is no need to go through the formalities of examination and approval, approval and filing. 4、 The impact of this issuance on the company’s operation and management, financial status, etc
After the funds raised by issuing shares to specific objects are in place, it will further improve the company’s capital strength, enhance the company’s business undertaking ability, help the company expand its business scale and market share, so as to enhance the company’s competitiveness and sustainable development ability, consolidate the company’s industry position, and meet the interests of the company and all shareholders. After the issuance of shares to specific objects is completed, the company will still have a relatively perfect corporate governance structure, maintain the integrity of personnel, assets, finance, R & D, procurement, sales and other aspects, and maintain the independence of business, personnel, assets, institutions, finance and other aspects with the company’s controlling shareholders, actual controllers and their related parties. This issuance has no material impact on the directors, supervisors and senior managers of the company.
After the funds raised in this offering are in place and put into use, the total assets and net assets of the company will be improved, and the capital strength of the company will be enhanced, providing a strong capital guarantee for the sustainable, stable and healthy development of the company; The asset liability ratio of the company will be improved and the asset structure will be more stable, which is conducive to reducing financial risks and improving solvency, follow-up financing ability and anti risk ability. 5、 Conclusion of feasibility analysis of investment projects with raised funds
To sum up, the purpose of the raised funds is in line with the overall strategic development plan of the company in the future, as well as relevant policies, laws and regulations, which is necessary and feasible. After the raised funds are in place and put into use, it is conducive to enhance the overall competitive strength of the company, enhance the sustainable development ability of the company, lay the foundation for the realization of the company’s development strategic objectives, and is in line with the interests of the company and all shareholders.
Hichain Logistics Co.Ltd(300873)
Board of directors
May 23, 2022
