Table of Contents Annual Storage and Use of Raised Funds Assurance Report 1
0
Annual storage and use of raised funds verification report
All shareholders of Dongguan Yian Technology Co., Ltd.:
Tian Vocational Word [2021] No. 18544-2
We reviewed the attached Dongguan Yian Technology Co., Ltd. (hereinafter referred to as "Yian Technology") "Special Report on the Deposit and Use of Funds Raised by Non-Public Development Banks in 2020".
1. Responsibilities of management
The responsibility of Yian Technology’s management is to provide true, legal and complete relevant information, and compile the “Storage and Use of Proceeds from Non-public Issuance of Stocks in 2020” in accordance with the “Guidelines for the Standard Operation of Listed Companies on the Shenzhen Stock Exchange’s Growth Enterprise Market” and relevant announcement formats. "Special Report on the Situation" and ensure that its content is true, accurate, and complete, and there are no false records, misleading statements or major omissions.
2. Responsibilities of Certified Public Accountants
Our responsibility is to perform the attestation business in accordance with the "Other Attestation Services Standards for Certified Public Accountants of China No. 3101—Assurance Services Other than Auditing or Reviewing Historical Financial Information". The standard requires us to plan and execute attestation work in order to obtain reasonable assurance that there is no material misstatement of the information of the attestation object. During the verification process, we implemented procedures that we deem necessary, including checking accounting records. We believe that the evidence we have obtained is sufficient and appropriate to provide a basis for issuing assurance opinions.
3. Assurance conclusion
We believe that Yian Technology’s "Special Report on the Deposit and Use of Proceeds from Non-public Issuance of Stocks in 2020" was prepared in accordance with the "Guidelines for the Standard Operation of Listed Companies on the Shenzhen Stock Exchange’s Growth Enterprise Market" and relevant announcement formats, and is fairly reflected in all major aspects. The storage and use of the funds raised by Yian Technology in 2020 are reviewed.
4. Restrictions on report users and purpose of use
This attestation report is only for the disclosure purpose of Yian Technology's 2020 annual report and shall not be used for any other purpose. We agree that this attestation report is a necessary document for Yian Technology's 2020 annual report and should be submitted together with other documents.
1
[No content on this page]
Beijing China
April 26, 2012
Chinese Certified Public Accountant:
Chinese Certified Public Accountant:
2
Board of Directors of Dongguan Yian Technology Co., Ltd.
Special report on the deposit and use of funds raised from non-public issuance of stocks in 2020
1. Basic situation of raised funds
(1) The actual amount of funds raised and the time when the funds are received
Approved by the China Securities Regulatory Commission on Approval of the Non-Public Issuance of Shares of Dongguan Yian Technology Co., Ltd. (Zheng Jian Li [2017] No.1872), Dongguan Yian Technology Co., Ltd. (hereinafter referred to as the "Company" or "Yi An Technology Co., Ltd." The number of non-publicly issued RMB ordinary shares (A shares) of “An Technology” or “the Company” does not exceed 50 million shares. Underwritten and sponsored by the underwriter, China Securities Co., Ltd., in February 2018, it non-publicly issued 50,000,000 RMB ordinary shares (A shares) to specific investors at an issue price of RMB 8.60 per share. The total amount of funds raised from this issuance is RMB 430,000,000.00, and the total amount of funds raised after deducting RMB 9,000,000.00 for underwriting and sponsorship costs is RMB 421,000,000.00. The underwriter, China Securities Co., Ltd., was remitted to Everbright Bank Shenzhen on February 22, 2018 Longhua Sub-branch (78190188000118303) was RMB 171,324,565.00, Shenzhen Longhua Sub-branch of China Everbright Bank (78190188000118564) was RMB 168,334,395.00, and Shenzhen Longhua Sub-branch of China Everbright Bank (78190188000118482) was RMB 81,341,040.00. In addition, audit fees, attorney fees and information disclosure fees and other issuance costs of RMB 1,115,602.58 are deducted, and the actual useable funds raised are RMB 419,884,397.42. The above-mentioned raised funds have been verified by Tianzhi International Accounting Firm (special general partnership) and issued by it. Vocational word [2018] No. 6138 capital verification report.
(2) Amount used this year and balance at the end of the year
As of December 31, 2020, the amount used by the company in previous years, the amount used this year and the balance are as follows:
Item
Amount (RMB)
430,000,000.00 10,115,602.58 419,884,397.42 192,008,103.34 105,741,513.03 72,942,176.50 13,250,013.81 74,400.00 2,550.45
A total of funds raised on February 22, 2018, deduction of issuance costs
Net funds raised
Less: used in 2018
Among them: Replacement of self-raised funds that have been invested in fund-raising projects in advance. Yi'an Yunhai Light Alloy Precision Die Casting Production Base Project Amorphous Alloy (Liquid Metal) Precision Structural Parts Industrialization Expansion Project Amorphous Alloy (Liquid Metal) R&D Center Construction Project
Less: 2018 handling fee and account maintenance fee
3
Item
Add: 2018 interest income
Less: Used in 2019. Of which: Yi'an Yunhai Light Alloy Precision Die Casting Production Base Project Amorphous Alloy (Liquid Metal) Precision Structural Parts Industrialization Expansion Project Amorphous Alloy (Liquid Metal) R&D Center Construction Project
Less: 2019 handling fee and account maintenance fee
Add: 2019 interest income
Balance of funds raised on December 31, 2019
Less: Used in 2020Among them: Yi'an Yunhai Light Alloy Precision Die Casting Production Base Project Amorphous Alloy (Liquid Metal) Precision Structural Parts Industrialization Expansion Project Amorphous Alloy (Liquid Metal) R&D Center Construction Project Reduction: 2020 Annual Handling Fee And account maintenance fees
Add: 2020 interest income
Balance of funds raised on December 31, 2020
2. Storage and management of raised funds
Amount (RMB)
5,021,892.47 70,675,962.19 28,398,253.76 42,277,708.43
5,014.03 6,144,861.43 168,359,521.31 46,015,881.98
46,015,881.98
7,474.96 4,441,029.99 126,777,194.36
In order to standardize the management and use of raised funds, improve the efficiency and effectiveness of the use of funds, and protect the interests of investors, the company has formulated the "Measures for the Management of Raised Funds", which specifically clarifies the storage and use of raised funds. Provisions. During the reporting period, the company managed the raised funds in strict accordance with the regulations of the China Securities Regulatory Commission, the Shenzhen Stock Exchange on the use of raised funds and the "Administrative Measures on Company Raised Funds". On March 13, 2018, the company, its sponsor China Securities Co., Ltd. and China Everbright Bank Co., Ltd. Shenzhen Longhua Sub-branch signed the "Tripartite Supervision Agreement on Raised Funds" (hereinafter referred to as the "Tripartite Supervision Agreement"). On May 7, 2018, the company held the 22nd meeting of the third board of directors. It reviewed and approved the "Proposal on the Company Opening a Special Deposit Account for Raised Funds", and agreed to open a special account for raised funds to deposit funds. Funds raised for the capital increase of Yunhai. On May 14, 2018, Yian Technology, Yian Yunhai, China Construction Bank Co., Ltd. Chaohu Branch, and China Securities Co., Ltd. signed the "Four-party Supervision Agreement on Raising Funds." On April 3, 2019, the company, the sponsor, China Securities Co., Ltd., and China Everbright Bank Co., Ltd. Shenzhen Huanggang Sub-branch re-signed the "Tripartite Supervision Agreement on Raised Funds" (hereinafter referred to as the "Tripartite Supervision Agreement"). The special fund-raising account originally opened by Yian Technology at China Everbright Bank Co., Ltd. Shenzhen Longhua Sub-branch was changed to China Everbright Bank Co., Ltd. Shenzhen Huanggang Sub-branch. During the reporting period, the company did not violate the “Supervisory Agreement”, change the use of raised funds, the controlling shareholders, actual controllers, or misappropriate the raised funds in actual performance.
4
As of December 31, 2020, the storage status of the raised funds is listed as follows:
Bank name
China Construction Bank Chaohu Development Zone Sub-branch China Everbright Bank Shenzhen Huanggang Sub-branch China Everbright Bank Shenzhen Huanggang Sub-branch China Everbright Bank Shenzhen Huanggang Sub-branch China Everbright Bank Shenzhen Huanggang Sub-branch
account number
34050177610800000741 78190188000118303 78190188000118564 78190188000118482 39070181000108352
Account type Stored amount (yuan)
Special account for raised funds 2,573.81 Special account for raised funds 8,731,088.95 Special account for raised funds 4,569.50 Special account for raised funds 88,038,962.10 Seven-day notice deposit 30,000,000.00
—— —— 126,777,194.36 3. Actual use of funds raised this year
(1) The use of funds for fundraising projects
The company uses the raised funds strictly in accordance with the "Procedures for the Management of Raised Funds". As of December 31, 2020, the actual use of raised funds is detailed in the attached table: Contrast Table for the Use of Raised Funds.
(2) Early investment and replacement of fundraising projects
The company has disclosed the investment and progress of the raised funds in the "Preplan for Non-public Issuance of Stocks (Second Revised Draft)". After the raised funds are in place, the raised funds will be used to replace the pre-invested self-raised funds, as of April 24, 2018 , The company has invested 67,161,719.03 yuan and 38,579,794.00 yuan of self-raised construction funds for the raised funds of the project "Yian Yunhai Light Alloy Precision Die Casting Production Base Project" and "Amorphous Alloy (Liquid Metal) Precision Structural Parts Industrialization Expansion Project". On May 7, 2018, as approved by the 22nd meeting of the third session of the company's board of directors, the company used raised funds to replace the above-mentioned self-raised funds that have been invested in fundraising projects in advance.
Fourth, change the use of funds for investment projects with raised funds
(1) Postponement of investment projects with raised funds
Due to the influence of many factors in the actual implementation process, the raised funds investment project could not reach the expected usable status within the planned time. On April 24, 2020, the company held the fourth meeting of the fourth board of directors and the fourth meeting of the fourth board of supervisors. ) The "precision structural parts industrialization expansion project" will be changed from June 1, 2020 to May 31, 2021, and the "amorphous alloy (liquid metal) R&D center construction project" will reach the expected usable status. The time has been changed from December 1, 2020 to November 30, 2021.
Total balance of raised funds
5
(2) Change the implementation methods of some fund-raising projects
On May 18, 2020, the company held the 2019 Annual General Meeting of Shareholders, reviewed and approved the "Proposal on Changing the Implementation Methods of Some Fund-raising Projects", and agreed to implement non-compliance in the existing plant area in Yinquan Industrial Zone, Qingxi Town, Dongguan City, the original project construction site. At the same time as the industrial expansion project of crystal alloy (liquid metal) precision structural parts, part of the equipment of the industrial expansion project of amorphous alloy (liquid metal) precision structural parts was leased to the holding subsidiary Dongguan Yihao Metal Material Technology Co., Ltd. ( Hereinafter referred to as "Yihao Metal"), Yihao Metal uses the leased equipment for the above-mentioned fund-raising projects to implement the industrial expansion project of amorphous alloy (liquid metal) precision structural parts at its premises.
5. Problems in the use and disclosure of raised funds
The company uses raised funds in strict accordance with the "Guidelines for the Normative Operation of Listed Companies on the Shenzhen Stock Exchange's Growth Enterprise Market" and the "Administrative Measures for Companies Raised Funds". There is no illegal deposit and use of raised funds, and disguised changes in the investment direction of raised funds and damage to shareholders The situation of interest. The company has disclosed the use and storage of raised funds in a timely, true, accurate and complete manner in accordance with the relevant regulations of the China Securities Regulatory Commission and the Shenzhen Stock Exchange.
Attachment 1: Comparison table for the use of raised funds
6
Board of Directors of Dongguan Yian Technology Co., Ltd. April 26, 2021
attachment1
Prepared by: Dongguan Yian Technology Co., Ltd.
Total amount of funds raised During the reporting period, the total amount of funds raised for changes in use, the cumulative total amount of funds raised for changes in use, the proportion of the total amount of funds raised for changes in cumulative use
Commitment to investment projects
2. Yian Yunhai light alloy precision die casting production base project 3. Amorphous alloy (liquid metal) R&D center construction project
total
41,988.44
Total funds raised this year
The total amount of funds raised has been invested
Amount unit: RMB 10,000
4,601.59 30,870.00
Dongguan Yian Technology Co., Ltd. Comparison table for the use of raised funds Deadline: December 31, 2020
Commitment to investment projects and
Over-raised funds to invest
Has it changed
More items
(Including part
change)
Total investment commitments of raised funds
Adjusted total investment (1)
Cumulative investment amount as of the end of the period (2)
Investment progress as of the end of the period (%) (3) = (2)/(1)
The project reaches the target
Use status date
Benefits realized this year
Whether to achieve the expected benefit
Project feasibility
Does it happen
Major changes
1. Production expansion project for the industrialization of precision structural parts of amorphous alloy (liquid metal)
26,505.00
17,121.60
14,012.34
81.84%
May 31, 2021
-149.46
no
no
25,911.00 12,584.00 65,000.00
16,737.88 8,128.96 41,988.44
Amount invested this year
4,601.59
4,601.59
16,850.22 7.44 30,870.00
100.67%
0.09% November 30, 2021
-1,667.87 No No Not Applicable No
-1,817.33
June 2, 2019
7
Circumstances and reasons for not reaching the planned schedule or expected benefits
1. Amorphous alloy (liquid metal) precision structural parts industrialization expansion project and amorphous alloy (liquid metal) R&D center construction project. Due to the new Ganzhou-Shenzhen railway passenger dedicated line construction project, it passes through some of the company's factories, the people of Qingxi Town, Dongguan City The government needs to expropriate part of the company's land and buildings on the ground. In order to avoid the risk of being demolished just after implementation or for a period of time, the government decided to postpone it.
2. The industrial expansion project of amorphous alloy (liquid metal) precision structural parts belongs to the construction period and has not yet achieved the expected benefits. 3. The Yi'an Yunhai light alloy precision die casting production base project was mainly affected by the epidemic and the long development cycle of the project, and the expected benefits have not yet been achieved.
Description of major changes in the project's feasibility. The amount, purpose and progress of the use of the excess funds raised. The change of the implementation location of the raised funds investment project. The adjustment of the implementation method of the raised funds investment project. The initial investment and replacement of the raised funds investment project are temporarily supplemented with idle raised funds. Liquidity situation: The amount and reasons for the balance of the raised funds during the implementation of the project. The unused purpose and destination of the raised funds. Problems or other situations in the use and disclosure of the raised funds
no
not applicable
Not applicable, please refer to the description of Article 4 of this report. Please refer to the description of Article 3, point 2 of this report for details. Not applicable
Not applicable. Please refer to the description of Article 2 of this report for details. Please refer to the description of Article 5 of this report for details.
