Securities code: 688092 securities abbreviation: Hangzhou Iecho Science & Technology Co.Ltd(688092) Announcement No.: 2022-002 Hangzhou Iecho Science & Technology Co.Ltd(688092)
Announcement on changing the implementation subject of some raised investment projects
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 legal liabilities for the authenticity, accuracy and integrity of its contents according to law.
Important content tips:
The implementation subject of “new intelligent cutting equipment production line project”, one of the raised investment projects of Hangzhou Iecho Science & Technology Co.Ltd(688092) (hereinafter referred to as “the company” or ” Hangzhou Iecho Science & Technology Co.Ltd(688092) “), has been changed from Hangzhou AGCO Siasun Robot&Automation Co.Ltd(300024) Technology Co., Ltd., a wholly-owned subsidiary of the company, to Hangzhou AGCO Automation Technology Co., Ltd., a wholly-owned subsidiary of the company, and the implementation location has not been changed. The change of the implementation subject of the above raised investment projects will not change or change the purpose and implementation mode of the raised funds in a disguised form, and will not have an adverse impact on the normal production, operation and business development of the company. 1、 Basic information of raised funds
The application for registration of the company’s initial public offering and listing on the science and Innovation Board was approved by the China Securities Regulatory Commission (hereinafter referred to as the “CSRC”) on January 19, 2021 (zjxk [2021] No. 148 reply on Approving the registration of Hangzhou Iecho Science & Technology Co.Ltd(688092) initial public offering). The company publicly issued 1478959800 RMB common shares (A shares) to the public, with a par value of 1 yuan per share and an issue price of 19.11 yuan per share. The total amount of funds raised in this issue was 282629200 yuan; After deducting the issuance expenses, the net amount of raised funds is RMB 234.6215 million. All the raised funds have been deposited in the special account for raised funds after they are received. The company has signed a supervision agreement on the storage of the special account for raised funds with the sponsor and the bank storing the raised funds. Lixin Certified Public Accountants (special general partnership) verified the capital availability of the company’s public offering of new shares, and issued the capital verification report (xksbz [2021] No. zf10144) on March 16, 2021.
2、 Investment projects with raised funds
According to the investment projects and use plan of raised funds disclosed in the prospectus for initial public offering and listing on the science and Innovation Board of the company, and according to the actual situation of raised funds, the investment amount of raised funds used in raised investment projects is adjusted. The adjusted use plan of raised funds is as follows:
Unit: 10000 yuan
No. project name total investment raised fund proposed investment
1. New intelligent cutting equipment production line item 20000.00 10000.00
2. Construction project of intelligent equipment industrialization base (R & D center 20800.00 5500.00)
3. Marketing service network upgrading construction project 6200.00 3000.00
4. Supplementary working capital 5000.00 4962.15
Total 52000.00 23462.15
3、 Changes of this raised investment project
The raised investment project of the company this time is “new intelligent cutting equipment production line project”.
Change type and content
Hangzhou AGCO Siasun Robot&Automation Co.Ltd(300024) Technology Co., Ltd. before change
Implementation subject
Hangzhou AGCO Automation Technology Co., Ltd
As of January 18, 2022, the invested amount of the company’s raised investment project “new intelligent cutting equipment production line project”: the construction investment is 86.2484 million yuan; Other expenses of fixed assets were 2.413 million yuan, the initial working capital was 12 million yuan, and the cumulative expenditure was 100.3897 million yuan. Except for the above changes, other contents of the project will not be changed.
4、 The basic information of the implementation subject of the raised investment project is changed
Company name: Hangzhou AGCO Automation Technology Co., Ltd
Date of establishment: January 12, 2016
Registered capital: 10 million yuan only
Registered address: No. 180-2, Golf Road, Dongzhou street, Fuyang District, Hangzhou City, Zhejiang Province
Production: CNC cutting equipment for soft materials; Technology development, technical service, technical consultation and achievement transfer: computer software, network information technology, mechanical products, automation equipment, Siasun Robot&Automation Co.Ltd(300024) , cutting machine; Sales: computer software and hardware, business scope automation equipment, ordinary machinery, Siasun Robot&Automation Co.Ltd(300024) , cutting machines, electronic computers and accessories; Import and export of goods; Other legal projects that do not need to be submitted for approval (projects that need to be approved according to law can only be carried out after being approved by relevant departments)
Equity structure: the company invested 10 million yuan, accounting for 100.00%
Relationship with the Company Hangzhou AGCO Automation Technology Co., Ltd. is a wholly-owned subsidiary of the company
5、 Specific reasons for the change of the implementation subject of the raised investment project
Starting from the business development strategy, in order to simplify the business structure and further improve the management efficiency, the company plans to let the wholly-owned subsidiary Hangzhou AGCO Automation Technology Co., Ltd. (hereinafter referred to as “AGCO automation”) absorb and merge the wholly-owned subsidiary Hangzhou AGCO Siasun Robot&Automation Co.Ltd(300024) Technology Co., Ltd. (hereinafter referred to as “AGCO Siasun Robot&Automation Co.Ltd(300024) “), The existing business of AGCO Siasun Robot&Automation Co.Ltd(300024) will be undertaken by AGCO automation as a whole. Therefore, the company decided to change the implementation subject of the raised investment project “new intelligent cutting equipment production line project” from AGCO Siasun Robot&Automation Co.Ltd(300024) to AGCO automation. In addition to the above changes, the implementation location, construction content and total investment of the raised investment project remain unchanged.
After the implementation of the subject change, the company will go through relevant procedures in accordance with relevant laws and regulations.
6、 The impact of the change of the implementation subject of the raised investment project on the company
The implementation subject of some raised investment projects changed this time is the prudent decision made by the company according to the objective actual situation, does not change the purpose and implementation mode of the raised funds, does not change the investment direction of the raised funds in a disguised manner and damage the interests of the company and all shareholders, and will not have an adverse impact on the operation and financial status of the company, Comply with the requirements of laws, regulations and normative documents such as guidelines for the supervision of listed companies No. 2 – regulatory requirements for the management and use of raised funds by listed companies (revised in 2022), rules for the listing of shares on the science and Innovation Board of Shanghai Stock Exchange (revised in December 2020), guidelines for the self-regulation of listed companies on the science and Innovation Board of Shanghai Stock Exchange No. 1 – standardized operation, In line with the interests of the company and all shareholders.
7、 Review procedure
The company held the 10th meeting of the second board of directors and the 10th meeting of the second board of supervisors on January 19, 2022, deliberated and adopted the proposal on changing the implementation subject of some raised investment projects, and agreed to change the implementation subject of “new intelligent cutting equipment production line project”, one of the company’s raised investment projects. The independent directors of the company have expressed their independent opinions with explicit consent.
8、 Description of special opinions
(I) opinions of independent directors
The independent directors believe that the company plans to change the implementation subject of “new intelligent cutting equipment production line project”, one of the raised investment projects, which is a prudent decision made by the company according to the needs of business development strategy. The change of implementation subject is more in line with the actual needs, will not have a significant adverse impact on the normal operation of the company and improve the operation and management efficiency of the company. The change does not change the purpose and implementation mode of the raised funds, does not change the investment direction of the raised funds in a disguised manner and damage the interests of the company and all shareholders, and will not have an adverse impact on the company’s operation and financial status. Moreover, the change behavior complies with the regulatory guidelines for listed companies No. 2 – regulatory requirements for the management and use of the raised funds of listed companies (revised in 2022) The requirements of laws, regulations and normative documents such as self regulatory guidelines for companies listed on the science and Innovation Board of Shanghai Stock Exchange No. 1 – standardized operation.
In conclusion, the independent directors agree with the contents of the proposal on changing the implementation subject of some raised investment projects.
(II) opinions of the board of supervisors
The board of supervisors believes that the change of the implementation subject of some raised investment projects is a prudent decision made by the company according to the needs of business development strategy. The change of the implementation subject is more in line with the actual needs, improves the operation and management efficiency of the company and is conducive to the long-term development of the company. Moreover, the change does not change the investment direction and purpose of the raised funds in a disguised manner and damage the interests of the company and all shareholders, and the decision-making process complies with the provisions of relevant laws, regulations and the articles of association. The board of supervisors has no objection to the change of the implementation subject of some raised investment projects of the company.
(III) opinions of the company’s recommendation institution
The sponsor Haitong Securities Company Limited(600837) believes that: Hangzhou Iecho Science & Technology Co.Ltd(688092) the implementation subject of some raised investment projects changed this time is the prudent decision made by the company according to the objective actual situation, does not change the purpose and implementation mode of the raised funds, does not change the investment direction of the raised funds in a disguised manner and damage the interests of the company and all shareholders, and will not have an adverse impact on the operation and financial status of the company. The change of the implementation subject of some raised investment projects has been deliberated and approved by the board of directors and the board of supervisors of the company. The independent directors have also expressed their independent opinions with explicit consent and performed the necessary legal procedures, Comply with the relevant provisions 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 (revised in 2022) and the guidelines for the self-discipline supervision of listed companies on the science and Innovation Board of Shanghai Stock Exchange No. 1 – standardized operation.
In conclusion, the sponsor agrees to change the implementation subject of some raised investment projects.
9、 Online announcement attachment
(I) independent opinions of independent directors on matters related to the 10th meeting of the second board of directors of the company; (II) Haitong Securities Company Limited(600837) verification opinions on Hangzhou Iecho Science & Technology Co.Ltd(688092) changing the implementation subject of some raised investment projects. It is hereby announced.
Hangzhou Iecho Science & Technology Co.Ltd(688092) board of directors January 20, 2022
