China Securities Co., Ltd.
Regarding the extension of part of the investment project of Dongguan Yian Technology Co., Ltd. raised funds
Review opinion
China Securities Co., Ltd. (hereinafter referred to as "China Securities Co., Ltd." or "sponsor"), as the sponsor of Dongguan Yian Technology Co., Ltd. (hereinafter referred to as "Yian Technology" or "Company") for non-public issuance of stocks, According to the "Administrative Measures for the Sponsorship Business of Securities Issuance and Listing", the "Guidelines for the Sponsorship of Listed Companies on the Shenzhen Stock Exchange", the "Shenzhen Stock Exchange Rules for the Listing of Stocks on the Growth Enterprise Market", and the "Guidelines for the Standardized Operation of Listed Companies on the Shenzhen Stock Exchange's Growth Enterprise Market", etc. The requirements of laws, regulations and regulatory documents have carefully checked the postponement of some of the company's fund-raising investment projects. The details are as follows:
1. The situation of raised funds and investment projects
Approved by the China Securities Regulatory Commission on Approval of the Approval of the Non-Public Issuance of Shares by Dongguan Yian Technology Co., Ltd. (Zheng Jian Ke [2017] No.1872), the company non-publicly issued 50,000,000 RMB ordinary shares (A shares) and issued The price is 8.60 yuan per share, and the total amount of raised funds is 430,000,000.00 yuan. After deducting various issuance expenses of 10,115,602.58 yuan, the net amount of raised funds is 419,884,397.42 yuan. On February 26, 2018, Tianzhi International Certified Public Accountants (special general partnership) verified the availability of funds for this non-public issuance of shares and issued Tian Vocational Zi [2018] No. 6138 "Capital Verification Report". All raised funds have been deposited in the special account management of raised funds established by the company.
The ``Preplan for the Company's Non-public Issuance of Stocks (Second Revised Draft)'' disclosed the investment projects of the non-public issuance of stocks and the actual amount of funds invested so far are as follows:
Commitment project investment serial number project name total (ten thousand yuan)
1 Yi'an Yunhai Light Alloy Precision Die Casting 25,911.00 Production Base Project
2 Amorphous alloy (liquid metal) precision junction 26,505.00 Component industrialization expansion project
3 Research and development of amorphous alloy (liquid metal) 12,584.00 Heart construction project
Total 65,000.00
Actual funds raised
Amount in place (ten thousand
yuan)
16,737.88
17,121.60
8,128.96
41,988.44
As of now actual
Invest in raised funds
Amount (ten thousand yuan)
16,850.20
15,336.63
7.44
32,194.27
2. The specific situation of the postponement of some fund-raising projects
Although the fund-raising investment project has undergone sufficient feasibility demonstration in the early stage, it was affected by many factors in the actual implementation process and could not reach the expected usable state within the planned time. Based on the implementation progress, actual construction situation and market development prospects of the investment projects with raised funds, the company decided to postpone the following investment projects with raised funds after careful research and in order to protect the interests of all shareholders and the company.
Serial number
1
project name
Industrialization of Amorphous Alloy (Liquid Metal) Precision Structural Parts
Expansion project
Achieved before adjustment
Use state time
May 31, 2021
Reached after adjustment
Available state time
May 30, 2023
3. The main reasons for the postponement of investment projects with some raised funds
The actual amount of funds raised in the construction project of the amorphous alloy (liquid metal) R&D center is 81,289,600 yuan. Up to now, the actual amount of funds raised in the construction of the amorphous alloy (liquid metal) R&D center is 74,400 yuan, and the remaining amount of funds raised Including interest income was 88,681,100 yuan.
In order to meet the needs of more companies for liquid metal materials, expand the scale of the company's liquid metal industry, and promote the development of the liquid metal industry, the company plans to include the remaining amount of funds raised for the construction of the amorphous alloy (liquid metal) R&D center project with interest income of RMB 88,681,100. All used for the industrial expansion project of amorphous alloy (liquid metal) precision structural parts to build new plants and purchase equipment, and terminate the construction of amorphous alloy (liquid metal) R&D center; meanwhile, use amorphous alloy (liquid metal) precision structural parts The implementation method of the industrialized production expansion project was changed from a certain transformation of the existing production workshop, the purchase of related equipment to a new plant and the purchase of related equipment, and the adjustment of the investment amount of some items in the project. Amorphous alloy (liquid metal) precision structural parts industrialization expansion project The new factory building involves many links such as site selection, design, construction, decoration, and completion acceptance. It takes a long time. In addition, the purchase of related equipment and the installation and commissioning after the equipment purchase are completed. , Trial operation, etc. will take a certain amount of time. In order to ensure the quality of the new plant and the efficiency of the use of related equipment, reduce the risk of using raised funds, and protect the interests of the company and all shareholders, after careful research and demonstration, the company intends to postpone the industrialization expansion project of amorphous alloy (liquid metal) precision structural parts.
Fourth, the impact of the extension of investment projects with some raised funds on the company
The extension of the industrialization expansion project of amorphous alloy (liquid metal) precision structural parts is based on the company’s
A prudent decision made to change the project implementation method. The project implementation entity, construction location, total investment amount, and final use have not changed, and there is no disguised change in the investment direction of the raised funds and damage to the interests of other shareholders, and will not have a substantial impact on the implementation of the raised funds investment project. The postponement of the industrial expansion project of amorphous alloy (liquid metal) precision structural parts will not adversely affect the company's normal production and operation, and is in line with the company's long-term development plan. The company will strengthen the supervision of the construction progress of the project to ensure that the project is constructed according to the new plan in order to improve the efficiency of the use of raised funds.
V. Sponsor's verification opinions
Upon verification, the sponsor believes that:
The delay of the company’s industrialization expansion project for amorphous alloy (liquid metal) precision structural parts is a cautious decision made by the company based on the change in the implementation of the project. There is no disguised change in the investment direction of the raised funds and damage to the interests of other shareholders. It will have a substantial impact on the implementation of investment projects with raised funds. The postponement of the industrial expansion project of amorphous alloy (liquid metal) precision structural parts will not adversely affect the company's normal production and operation, which is in line with the company's development strategy. The company will strengthen the supervision of the construction progress of the project to ensure that the project is constructed according to the new plan to improve the efficiency of the use of raised funds.
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(There is no text on this page, and it is the signature page of the "Verification Opinions of China Securities Co., Ltd. Regarding the Extension of Part of the Investment Projects of Dongguan Yian Technology Co., Ltd.")
Signature of sponsor representative:
He Xinmiao Zhang Yu
CITIC Construction Investment Securities Co., Ltd. Year Month Day
