Stock code: 300115 Stock abbreviation: Changying Precision Announcement No.: 2021-04 Shenzhen Changying Precision Technology Co., Ltd. Announcement on the investment and construction of Ningde Changying new energy vehicle power battery structural parts automatic production line project
The company and all members of the board of directors guarantee that the content of the announcement is true, accurate and complete, and that there are no false records, misleading statements or major omissions in the announcement.
Shenzhen Changying Precision Technology Co., Ltd. (hereinafter referred to as "Changying Precision" or the "Company") Chairman’s Working Meeting deliberated and approved the "Regarding the Investment and Construction of Ningde Changying New Energy Vehicle Power Battery Structural Parts" on January 4, 2021. Proposal on Automation Production Line Project", the company intends to invest in the construction of Ningde Changying New Energy Automobile Power Battery Structural Parts Automation Production Line Project, and the details are now announced as follows:
1. Overview of foreign investment
1. The new energy vehicle market has a broad prospect. In order to further meet customer needs, promote business development, and consolidate market position, the company has established a subsidiary in Fu'an City, Ningde City, Fujian Province, with an investment of no more than RMB 300 million.
2. On January 4, 2021, the office meeting of the chairman of the company deliberated and approved the "Proposal on the Investment and Construction of the Automated Production Line Project of Ningde Changying New Energy Vehicle Power Battery Structural Parts", according to the "Shenzhen Stock Exchange's Growth Enterprise Market Stock Listing Rules" "" and other laws and regulations, regulatory documents and relevant provisions of the "Articles of Association", "Outbound Investment Management System" and other relevant regulations, the foreign investment matters are within the scope of the decision-making authority of the chairman's office meeting and do not need to be submitted to the board of directors and the shareholders meeting for deliberation.
3. This investment does not constitute a connected transaction, nor does it constitute a major asset reorganization as required by the Measures for the Administration of Major Asset Reorganizations of Listed Companies.
2. Basic situation of investment projects
1. Method of capital contribution: cash contribution, the source of funds is self-raised by the enterprise. 2. Investor: Shenzhen Changying Precision Technology Co., Ltd. Unified Social Credit Code: 9144030072988519X9 Company Type: Co., Ltd. (listed)
Legal representative: Chen Qixing
Registered capital: RMB 100,085.6430 million Company address: Factory No. 3, Fuqiao Industrial Zone 3, Qiaotou, Fuyong Town, Bao'an District, Shenzhen Business scope: general business items are: R&D, production, sales: precision molds; precision electronic connections
Devices, precision hardware and components; new energy vehicle components; radio frequency antenna modules; robots, electromechanical equipment and intelligent manufacturing systems; consumer electronics; medical equipment and accessories, industrial protective products. Self-operated import and export business. (Except for items subject to approval according to law, carry out business activities independently according to the business license)
3. Project implementation entity: Ningde Changying New Energy Technology Co., Ltd. (a wholly-owned subsidiary of Changying Precision) Company type: limited liability company
Registered address: No. 89 Luojiang Industrial Road, Fu'an City, Ningde City, Fujian Province
Legal representative: Yang Zhenyu
Registered capital: RMB 30 million. Investment scale and shareholding ratio: funded by the company with its own funds and 100% shareholding. Business scope: general projects: R&D of emerging energy technologies; sales of new energy vehicle electrical accessories; electronic yuan
Device and electromechanical component equipment manufacturing; technical service, technology development, technical consultation, technical exchange, technology transfer, technology promotion; hardware product manufacturing; metal product sales; mold sales; hardware product retail; rubber product manufacturing; rubber product sales. (Except for items that are subject to approval according to law, they can independently carry out business activities with their business licenses).
3. The specific situation of the investment project
1. Project name: Ningde Changying New Energy Automobile Power Battery Structural Parts Automatic Production Line Project 2. Project Location: Fu'an Economic and Technological Development Zone, Ningde City, Fujian Province 3. Total Project Investment and Source of Funds: The investment amount does not exceed RMB 300 million Yuan (final project investment
The total amount is subject to actual investment), and the source of funds is self-raised by the enterprise. 4. Project construction scale and construction period: The project will be carried out in the early stage by renting workshops, and the leased area
Approximately 26,000 square meters, no more than 6 months from the start of construction (finally subject to actual construction conditions).
Fourth, the impact on the company
The company's investment expansion this time is in line with the company's strategic development plan. It will further improve the company's production capacity layout and meet the company's new energy power battery structure business development and market expansion needs. It is of great significance to promote the company's long-term stable development. The investment and construction of this project will increase the company’s capital expenditure and cash expenditure.
In the long run, it will have a positive impact on the company's business layout and operating performance, which is in the interests of all shareholders of the company.
V. Risk reminder of the project
1. Project construction risk Due to many factors affecting project construction, there is a risk that the project will not be completed on time or the construction cost will be higher than the expected cost.
2. The development of the project will be affected by the promotion of downstream new energy vehicles and related industrial policies. If there is a major change in market conditions, it will have an impact on the economic benefits of the project.
Investors are requested to invest rationally and pay attention to investment risks. The company's board of directors will actively pay attention to the progress of the project and perform its information disclosure obligations in a timely manner.
Special announcement.
Shenzhen Changying Precision Technology Co., Ltd. Board of Directors January 4, 2012
