Securities code: 688733 securities abbreviation: Anhui Estone Materials Technology Co.Ltd(688733) Announcement No.: 2022-002
Anhui Estone Materials Technology Co.Ltd(688733)
Supplementary announcement on the proposed purchase of land use rights by wholly-owned subsidiaries
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 the announcement, and bear legal liabilities for the authenticity, accuracy and completeness of the contents according to law. Anhui Estone Materials Technology Co.Ltd(688733) (hereinafter referred to as “the company”) was posted on the website of Shanghai Stock Exchange (www.sse. Com. CN.) on January 18, 2022 The announcement of Anhui Estone Materials Technology Co.Ltd(688733) on the proposed purchase of land use rights by wholly-owned subsidiaries (Announcement No.: 2022-001) was disclosed. In order to make investors better understand the relevant situation, further supplementary disclosure is as follows:
1、 Background of the assets to be purchased
In November 2019, the company signed the investment cooperation agreement on Anhui Estone Materials Technology Co.Ltd(688733) 5g communication key materials and Hefei headquarters base project and the supplementary agreement on investment cooperation on Anhui Estone Materials Technology Co.Ltd(688733) 5g communication key materials and Hefei headquarters base project with the investment promotion center of the Management Committee of Hefei high tech Industrial Development Zone, It is agreed that the company will invest in the construction of ” Anhui Estone Materials Technology Co.Ltd(688733) 5g communication key materials and Hefei headquarters base” project in Hefei high tech Industrial Development Zone, with a total investment of 1 billion yuan. The investment and investment promotion center of Hefei high tech Industrial Development Zone Management Committee will provide the company with fixed assets subsidies, R & D subsidies, executive talent subsidies, executive house purchase subsidies Policies and financial support such as high growth and high-quality rewards.
The above investment matters have been disclosed in “section Xi other important matters”, “I. major contracts” and (IV) other major contracts “of the company’s prospectus for initial public offering and listing on the science and innovation board.
In the above project of ” Anhui Estone Materials Technology Co.Ltd(688733) 5g communication key materials and Hefei headquarters base”, the industrial land corresponding to the production base of ” Anhui Estone Materials Technology Co.Ltd(688733) 5g communication key materials” is still in the approval process of government departments; At present, the commercial land corresponding to the “Hefei headquarters base” has met the conditions for bidding, auction and listing. Hefei Bureau of natural resources and planning has recently issued the “announcement on the transfer of the use right of state-owned construction land in Hefei (compliance with natural resources compliance announcement [2022] No. 1)”. The company plans to use Anhui Anhui Estone Materials Technology Co.Ltd(688733) Material Science Research Institute Co., Ltd., a wholly-owned subsidiary, as the bidding applicant, Participate in the transfer bidding of plot gx202201 of high tech Zone (hereinafter referred to as the “subject plot”).
2、 Construction planning scheme of the subject plot project
1. Planned use: the subject plot is used to build the company’s “Hefei headquarters base” as the company’s R & D headquarters, operation management headquarters and some living supporting facilities. The construction of “Hefei headquarters base” is conducive to the company’s continuous introduction of high-end talents, strengthening team construction, and further consolidating and enhancing the company’s core advantages in scientific and technological innovation and technological R & D.
2. Construction period: if the company successfully purchases the subject plot this time, it is planned to start construction within 8 months after the signing of the state-owned construction land use right transfer contract, and complete it within 1.5 years after the commencement of construction (structural capping), and it is expected to be put into use within 1 year after the completion.
3. Total project investment: the company is organizing relevant units to prepare the specific construction scheme and feasibility study report of the subject plot project. After preliminary estimation, the total investment of the subject plot project is expected to be no more than 400 million yuan (the specific total investment amount shall be subject to the feasibility study report and the actual investment in project construction), Subsequent companies will perform corresponding review procedures and information disclosure obligations in accordance with relevant rules.
4. Capital source: the capital source of the project construction is the company’s own and self raised funds, which has a controllable impact on the company’s financial and operating conditions. There is no damage to the interests of the company and its shareholders, especially the minority shareholders. It plays a positive role in the company’s overall operating performance in the future and is in line with the interests of the company and all shareholders. 5. Investment planning: on the premise of meeting the relevant requirements of the “announcement on the transfer of state-owned construction land use right in Hefei”, the company plans to invest annually according to the project implementation progress. The project design, construction and operation still need a certain time. There may be various uncertain factors in the later stage, which may affect the project construction progress.
3、 Risk tips
Since the investment funds for the purchase of land use right and subsequent project construction come from the company’s own funds and self raised funds, which may put pressure on the company’s cash flow, the company will make overall fund management and reasonably determine the payment method and payment arrangement, so as to ensure the smooth implementation of the project.
The company will timely perform the obligation of information disclosure according to the specific progress of the project and relevant rules. Please pay attention to the investment risks.
It is hereby announced.
Anhui Estone Materials Technology Co.Ltd(688733) board of directors
January 19, 2022
