Stock code: 002489 Stock abbreviation: Zhejiang Yongqiang Announcement number: 2020-011
1. Important Notice
The summary of this annual report is from the full text of the annual report, in order to fully understand the company's operating results, financial position and future development plans, investors should go to the media designated by the CSRC to read the full text of the annual report carefully.
In addition to the directors listed below, other directors attended the Board meeting at which the annual report was considered in person
Tips for non-standard audit opinions
□ Applicable √ Not applicable
The Board of Directors considers the plan for the distribution of profits from ordinary shares for the reporting period or the plan for the conversion of provident fund into equity capital
√ Applicable □ Not applicable
Whether to convert the provident fund into equity capital
□ Yes √ No
The company's common stock profit distribution plan approved by the board of directors is as follows: based on 2,164,016,313, a cash dividend of 1.5 yuan (including tax) will be distributed to all shareholders for every 10 shares, 0 shares (including tax) will be sent to bonus shares, and the share capital will not be converted into a provident fund.
The Board of Directors approved a plan for the distribution of preferred stock profits for the reporting period
□ Applicable □ Not applicable
Second, the basic situation of the company
1. Company Profile
2. Brief introduction of the main business or product in the reporting period
The company is mainly engaged in the design and development, production and sales of outdoor leisure furniture and supplies. Products mainly outdoor leisure furniture, umbrellas, tents and other three series, used in family courtyards and terraces, outdoor leisure places (restaurants, bars, beaches, parks) and hotels and other places, the company has its own import and export rights, products are mainly sold to the United States, Germany, Australia, Hong Kong and other developed countries and regions.
3. Main accounting data and financial indicators
(1) The main accounting data and financial indicators in the past three years
Whether the company is required to retroactively adjust or restate previous year's accounting data
Unit: Meta
(2) Quarterly main accounting data
Whether the above financial indicators or their combined totals are materially different from the relevant financial indicators of the Company's disclosed quarterly reports and semi-annual reports
4. Share capital and shareholders
(1) A table of the number of common shareholders and preferred shareholders whose voting rights have been restored and the shareholdings of the top 10 shareholders
Unit: Shares
(2) The total number of preferred shareholders of the company and the shareholding of the top 10 preferred shareholders
There were no preferred shareholders' holdings during the Company's reporting period.
(3) Disclose the property rights and control relationship between the company and the actual controller in the form of a block diagram
5. Corporate bonds
Whether the Company has a public offering and is listed on a stock exchange and has not matured or failed to pay in full on the date of approval of the annual report
not
Third, the business situation is discussed and analyzed
1. Brief introduction of the business situation in the reporting period
In 2020, the company closely focused on the annual business plan, faced with fierce market competition and intensifying Sino-US trade frictions, timely adjusted marketing strategies, actively developed new customers, in the face of the uncertainty brought about by the new crown epidemic, the company closely tracked the changes in the situation, actively explored different marketing models, expanded e-commerce sales channels, and achieved better results; at the same time, in the face of the tight situation of shipping capacity, actively communicate with customers, adjust order delivery, and meet customer and market demand as much as possible.
Under the influence of a variety of unfavorable factors, the company achieved a total operating income of 4.955 billion yuan in 2020, an increase of 5.75% year-on-year; a net profit attributable to the shareholders of the parent company of 530 million yuan, an increase of 6.04% year-on-year; and a net profit attributable to the shareholders of the parent company of 416 million yuan, an increase of 96.27% year-on-year, both of which hit a record high.
In order to comply with the changes in consumption patterns, during the reporting period, the company strengthened its investment in brand and e-commerce sales, tried to independently develop and operate cross-border e-commerce business, focused on the category of beautiful home life with outdoor leisure life as the center, and gradually built a cross-border e-commerce business system for large-scale goods such as outdoor leisure furniture and garden supplies. At the same time, we actively develop and use the network video method to carry out sample display and sample selection, which effectively solves the problem that customers cannot select samples on the spot, and lays a solid foundation for the sales business in the next year.
The company has taken active measures to continue to improve the construction of raw material supply system; actively increase the intensity of equipment transformation, explore automated assembly line processes, strengthen the research and development of new products and the layout of new markets, and further expand product categories, and achieve certain results during the reporting period.
During the reporting period, in order to improve the effectiveness of management, the company continuously improved and built the business unit platform, increased internal integration, and gave the factory and related business departments a competitive incentive mechanism to improve production efficiency, reduce production costs, enhance market share, provide a strong guarantee for the company's development and performance, and promote the company's high-quality, sustainable and healthy development.
2. Whether there are major changes in the main business during the reporting period
3. Products that account for more than 10% of the company's main business income or main business profits
4. Whether there are seasonal or cyclical characteristics of the operation that require special attention
√ Yes □ No
The main business data summarized by the annual caliber of the business
5. An explanation of the operating income, operating costs, total net profit attributable to the common shareholders of the listed company during the reporting period or constituting a material change compared with the previous reporting period
6. Facing delisting
7. Matters related to financial reporting
(1) A description of changes in accounting policies, accounting estimates, and accounting methods compared to the previous year's financial report
1. The Company will implement the revised Accounting Standard for Business Enterprises No. 14 - Revenue (hereinafter referred to as the new revenue standard) revised by the Ministry of Finance from January 1, 2020. In accordance with the relevant provisions on the interface between the old and new standards, the information for the comparable period will not be adjusted, and the cumulative impact of the implementation of the new standard on the first implementation date will be retroactively adjusted for the amount of retained earnings and other related items in the financial statements at the beginning of the reporting period.
2. The Company has implemented the Interpretation of Accounting Standards for Business Enterprises No. 13 promulgated by the Ministry of Finance in 2019 since January 1, 2020, and the change in accounting policy shall be treated by the future applicable method.
(2) A description of the situation in which the correction of material accounting errors occurred during the reporting period and needed to be restated retrospectively
There were no material accounting error corrections requiring retrospective restatement during the Company's reporting period.
(3) A description of the changes in the scope of the consolidated statements compared to the previous year's financial report
During the reporting period, Atomic Company Ningbo Garden Tourist Goods Co., Ltd. (hereinafter referred to as "Ningbo Garden") obtained the "Notice of Approval of Deregistration" issued by the Ningbo Haishu District Market Supervision and Administration Bureau on September 4, 2020, and approved the deregistration of Ningbo Garden. As Ningbo Garden completed the bank account cancellation procedures in November 2020, it will no longer be included in the consolidated financial statements from December 2020.
In October 2020, beijing Liantuo, a holding subsidiary, transferred its 80% equity interest in Hefei Sanfen Network Technology Co., Ltd. to Zhang Mingsheng for RMB 400,000, and hefei Sanfen Network Technology Co., Ltd., the original holding subsidiary, was no longer included in the company's consolidated financial statements during the reporting period.
In December 2020, beijing Liantuo, a holding subsidiary, transferred its 77.66% equity interest in Beijing AVIC Tesco Information Service Co., Ltd. to E-Commerce Travel Co., Ltd. (hereinafter referred to as "E-Commerce Travel") for RMB19.414 million, and the proceeds will be fully capitalized by E-Commerce Travel, and Beijing Liantuo will directly hold 2.72% of the equity of E-Commerce Travel. Beijing AVIC Tesco Information Service Co., Ltd., the original holding subsidiary of the reporting period, is no longer included in the scope of the company's consolidated financial statements.
During the reporting period, the company established three new companies, Henan Yongqiang, Kubic and YOTRIO AUSTRALIA PTY LTD, and the company formed substantial control over the above subsidiaries, so they were included in the scope of preparation of the consolidated statements for the reporting period.
Zhejiang Yongqiang Group Co., Ltd
Legal representative: Xie Jianyong
April 16, 2021
Stock code: 002489 Stock abbreviation: Zhejiang Yongqiang Announcement number: 2021-009
Announcement of the resolution of the fourteenth session of the fifth session of the board of directors
All directors, supervisors and senior management of the Company warrant that the contents of the announcement are true, accurate and complete, and are jointly and severally liable for false records, misleading statements or material omissions in the announcement.
The notice of the 14th meeting of the fifth board of directors of Zhejiang Yongqiang Group Co., Ltd. (hereinafter referred to as the "Company") (hereinafter referred to as the "Meeting") was sent out on April 6, 2021 in the form of personal delivery, fax or e-mail, and the meeting was held in the company's conference room on April 16, 2021. There shall be 9 directors and 9 directors, of which Mr. Zhou Linlin, a director, and Mr. Hu Ling, an independent director, shall participate in the voting by correspondence. The company's supervisors and senior executives attended the meeting as observers.
The convocation, convocation and number of directors participating in the voting of this meeting conform to the provisions of the Company Law of the People's Republic of China, the Articles of Association of the Company and other relevant laws and regulations. The meeting was presided over by Mr. Xie Jianyong, the chairman of the board, and after careful deliberation by the directors attending the meeting and voted by registered vote, the following resolutions were deliberated and adopted:
First, with 9 votes in favor, 0 votes against and 0 abstentions, the "Proposal on the Consideration of the 2020 Annual General Manager's Work Report" was deliberated and passed;
Item 2: With 9 votes in favor, 0 votes against and 0 abstentions, the "Proposal on the Consideration of the Special Report on the Deposit and Use of Raised Funds in 2020" was deliberated and passed;
The "Special Report on the Annual Deposit and Use of Raised Funds" was published in the designated information disclosure media "Securities Times", "China Securities News", "Shanghai Securities News", "Securities Daily" and http://www.cninfo.com.cn of Juchao Information Network.
The proposal has yet to be submitted to the General Meeting of Shareholders for consideration.
Item 3: By 9 votes in favor, 0 votes against and 0 abstentions, the "Proposal on the Consideration of the 2020 Annual Financial Accounts" was deliberated and passed;
In 2020, the company achieved operating income of 4.955 billion yuan, net profit attributable to shareholders of the parent company of 530 million yuan, total assets of the company at the end of the reporting period of 7.304 billion yuan, and net assets attributable to the parent company of 3.808 billion yuan.
The Company's 2020 annual financial report has been audited by Tianjian Certified Public Accountants (Special General Partnership).
Item 4: With 9 votes in favor, 0 votes against and 0 abstentions, the "Proposal on The Consideration of the 2020 Annual Profit Distribution Plan" was deliberated and passed;
The 2020 profit distribution plan is: based on the total number of shares with profit distribution rights as of December 31, 2020, 2,164,016,313 shares (the total share capital of 2,175,736,503 shares deducting 11,720,190 shares deposited in the company's special securities account for stock repurchase) is the basis, and the cash dividend of 1.50 yuan (including tax) is distributed to all shareholders for every 10 shares, a total of 324,602,446.95 yuan, and the remaining undistributed profit of the parent company is 208. $491,161.99 was carried forward to the following year. No conversion of provident fund into equity capital during the year.
After the announcement of the distribution plan to the implementation of the company's total share capital due to convertible debt-to-equity conversion, share repurchase, equity incentive exercise, refinancing of new shares listing and other reasons, it is proposed to maintain the distribution ratio per share unchanged, and adjust the total amount of distribution accordingly.
The company's 2020 annual profit distribution plan is in line with the actual situation of the company, and complies with the relevant provisions of the CSRC's "Guidelines for the Supervision of Listed Companies No. 3 - Cash Dividends for Listed Companies", "Articles of Association" and "Company Shareholder Return Plan (2019-2021)".
The independent directors expressed an independent opinion on the proposal, which can be found in the http://www.cninfo.com.cn of the designated information disclosure media Giant Tide Information Network.
The "Announcement on the 2020 Annual Profit Distribution Plan" was published in the designated information disclosure media "Securities Times", "China Securities News", "Shanghai Securities News", "Securities Daily" and http://www.cninfo.com.cn of Juchao Information Network.
Item 5: By 9 votes in favor, 0 votes against and 0 abstentions, the "Motion on the Consideration of the 2020 Internal Control Self-Evaluation Report" was deliberated and adopted;
The 2020 Internal Control Evaluation Report and the independent opinions of the independent directors on the proposal were published on the http://www.cninfo.com.cn of the designated information disclosure media, Juchao Information Network.
Item 6: With 6 votes in favor, 0 votes against and 0 abstentions, the "Proposal on Deliberating the Occupation of the Company's Funds by Controlling Shareholders and Related Parties" was deliberated and passed, and the affiliated directors Xie Jianyong, Xie Jianping and Xie Jianqiang recused themselves from voting;
In 2020, the company did not have non-operating funds occupied by the controlling shareholders and other related parties on the company.
The "Special Audit Instructions on the Occupation of Non-operating Funds and Other Related Funds" issued by Tianjian Certified Public Accountants (Special General Partnership) and the independent opinions of the independent directors on the proposal were published on the http://www.cninfo.com.cn of the designated information disclosure media, Juchao Information Network.
Item 7: By 9 votes in favor, 0 votes against and 0 abstentions, the "Proposal on the Employment of Auditors and Internal Control Auditors for 2021" was deliberated and passed;
Agreed to re-appoint Tianjian Certified Public Accountants (Special General Partnership) as the Company's 2021 annual auditor and appoint it as the Company's 2021 internal control auditor. Authorize the chairman of the board of directors of the company to sign the relevant audit service agreement with Tianjian Certified Public Accountants (Special General Partnership) and determine the specific audit fees and related work arrangements.
The Company paid Tianjian Certified Public Accountants (Special General Partnership) 1.4 million yuan (including the assurance reporting fee under internal control) in 2020.
The independent directors expressed their prior approval opinions and independent opinions on the proposal, as detailed in the http://www.cninfo.com.cn of the designated information disclosure media Giant Tide Information Network.
The Announcement on the Appointment of Auditors and Internal Control Auditors for 2021 was published in the designated information disclosure media Securities Times, China Securities News, Shanghai Securities News, Securities Daily and Juchao Information Network http://www.cninfo.com.cn.
Item 8: By 9 votes in favor, 0 votes against and 0 abstentions, the "Proposal on the Consideration of the 2020 Securities Investment Information Statement" was deliberated and passed;
The "Explanation on the Securities Investment Situation in 2020" and the independent opinions of the independent directors on the proposal were published on the http://www.cninfo.com.cn of the designated information disclosure media, Juchao Information Network.
Item 9: By 9 votes in favor, 0 votes against and 0 abstentions, the "Proposal on the Consideration of the 2020 Annual Report on the Work of the Board of Directors" was deliberated and passed;
For the content of the 2020 annual report on the work of the board of directors, please refer to the discussion and analysis of the operation situation in section 4 of the 2020 annual report, and the 2020 annual report is published in the designated information disclosure media Juchao Information Network http://www.cninfo.com.cn.
Ms. Mao Meiying, Mr. Zhou Yuejiang and Mr. Hu Ling, who served as independent directors of the Company in 2020, submitted the "Annual Report on the Duties of Independent Directors", which was published on the http://www.cninfo.com.cn of the designated information disclosure media Juchao Information Network.
Item 10: By 9 votes in favour, 0 votes against and 0 abstentions, the Motion on the Consideration of the 2020 Annual Report and Summary was deliberated and adopted;
The "2020 Annual Report Summary" was published in the designated information disclosure media "Securities Times", "China Securities News", "Shanghai Securities News", "Securities Daily" and http://www.cninfo.com.cn of Juchao Information Network.
The "2020 Annual Report" was published on the http://www.cninfo.com.cn of the designated information disclosure media Giant Tide Information Network.
Item 11: With 5 votes in favor, 0 votes against and 0 abstentions, the "Proposal on the Consideration of Matters Concerning Daily Related Party Transactions in 2021" was deliberated and passed, and the affiliated directors Xie Jianyong, Xie Jianping, Xie Jianqiang and Shi Fubin recused themselves from voting;
The Announcement on Daily Related Party Transactions in 2021 was published in the designated information disclosure media Securities Times, China Securities News, Shanghai Securities News, Securities Daily and Juchao Information Network http://www.cninfo.com.cn.
Item 12: With 9 votes in favor, 0 votes against and 0 abstentions, the "Proposal on The Consideration of the 2021 Annual Credit Line and the Financial Assistance Plan for Subsidiaries" was deliberated and passed;
The Company expects that the total amount of credit granting business of the Company and its subsidiaries in 2021 such as bank loans, bank acceptance drafts, and forward settlement and sale of foreign exchange will not exceed RMB4.3 billion.
The company may appropriately adjust the credit limit of each bank according to the conditions of cooperation of each bank, provided that it does not exceed the total amount of credit. In the event of a new bank not under the above scheme, the line of credit shall not exceed 10% of the total authorized line.
In addition, the Company decided to provide joint and several liability guarantees for the banking credit granting business of its wholly-owned subsidiary, Yongqiang (Hong Kong) Co., Ltd., and its wholly-owned subsidiary, YOTRIO CORPORATION (Yongqiang, USA), with the amount of guarantees of US$20 million and US$15 million respectively, with a guarantee period of 1 year.
In order to improve the efficiency of capital utilization and decision-making, the company's financial director is authorized to discuss specific credit and financing business matters with various financial institutions within the above limit after approval by the chairman of the board of directors, and decide on matters such as asset mortgage and mutual guarantee between the company and each subsidiary within the above limit limit, and sign relevant agreements on behalf of the company.
This authorization shall take effect from the date of adoption by the General Meeting of Shareholders and shall be valid until the date of the Company's 2021 Annual General Meeting of Shareholders.
The Announcement on the Company's 2021 Credit Line and the Announcement on Providing Guarantees for Subsidiaries were published in the designated information disclosure media Securities Times, China Securities News, Shanghai Securities News, Securities Daily and Juchao Information Network http://www.cninfo.com.cn.
Item 13: By 9 votes in favour, 0 votes against and 0 abstentions, the Motion on Continuing to Carry Out Forward Settlement and Sale of Foreign Exchange was deliberated and adopted;
The Company authorizes the Leading Group for Forward Settlement and Sale of Foreign Exchange to carry out forward settlement and sale of foreign exchange and other related financial derivatives business within a limit not exceeding 80% of the expected order amount.
The Announcement on Continuing to Carry Out Forward Settlement and Sale of Foreign Exchange was published in the designated information disclosure media Securities Times, China Securities News, Shanghai Securities News, Securities Daily and Juchao Information Network http://www.cninfo.com.cn.
Item 14: By 9 votes in favour, 0 votes against and 0 abstentions, the Motion on Cooperation with Banks to Carry Out Factoring Business was deliberated and adopted;
In order to shorten the collection time of accounts receivable, accelerate capital turnover, improve the efficiency of capital use, and reduce the cost of accounts receivable management, the meeting agreed to carry out factoring business with a business scale of no more than US$50 million (recyclable). At the same time, the chairman of the board of directors is authorized to negotiate with relevant banks and factoring institutions within the scope of the above amount and handle specific matters of factoring business cooperation. Within the above quota limit, the company and each subsidiary shall decide on matters such as mutual guarantees.
Item 15: By 9 votes in favour, 0 votes against and 0 abstentions, the Motion on formulating a > for the < Securities Investment Management System was deliberated and adopted;
In order to standardize the company's securities investment and related information disclosure behavior, prevent investment risks, strengthen risk control, and protect the rights and interests of investors and the company' interests, the Securities Investment Management System of Zhejiang Yongqiang Group Co., Ltd. was formulated in accordance with the Securities Law of the People's Republic of China, the Rules for the Listing of Stocks on the Shenzhen Stock Exchange, the Guidelines for the Standardized Operation of Listed Companies on the Shenzhen Stock Exchange, and other laws and regulations, normative documents, and the relevant provisions of the Articles of Association of the Company.
This system shall be interpreted by the board of directors of the company, and shall be implemented from the date of deliberation and approval by the board of directors of the company, and the original "Venture Capital Management System" of the company shall be abolished at the same time.
The full text of the "Securities Investment Management System of Zhejiang Yongqiang Group Co., Ltd." can be found in the http://www.cninfo.com.cn of Juchao Information Network.
Item 16: By 9 votes in favor, 0 votes against and 0 abstentions, the "Proposal on Securities Investment with Own Funds" was deliberated and passed;
The company decided to use the principal amount of its own funds not more than 1 billion yuan for securities investment, and within this amount, the principal and investment income used for securities investment can be recycled.
The Announcement on Securities Investment with Own Funds was published in the designated information disclosure media Securities Times, China Securities News, Shanghai Securities News, Securities Daily and Juchao Information Network http://www.cninfo.com.cn.
Item 17: By 9 votes in favor, 0 votes against and 0 abstentions, the "Proposal on Carrying Out Futures Trading Business" was deliberated and adopted;
The company authorized the chairman of the board of directors to organize the establishment of a futures investment leading group as the organizational body for managing the company's futures trading business, and to carry out futures hedging and futures investment business operations in accordance with the relevant provisions and procedures of the "Financial Investment Management System" and the "Futures Hedging Business Internal Control Specification" established by the company.
Investment scale: According to the company's production capacity scale, it is expected that the maximum amount of margin invested in the futures trading business will not exceed RMB 200 million.
Trading varieties: only the futures contracts listed on domestic futures exchanges such as aluminum ingots, rebar, wire rods, etc. that have a strong correlation with the price fluctuations of raw materials required for production by the company.
Implementing entity: Company or subsidiary.
The "Announcement on Carrying Out Futures Trading Business" was published in the designated information disclosure media "Securities Times", "China Securities News", "Shanghai Securities News", "Securities Daily" and http://www.cninfo.com.cn of Juchao Information Network.
Item 18: By 9 votes in favour, 0 votes against and 0 abstentions, the Motion on the Consideration of The Use of Own Funds for Cash Management was deliberated and adopted;
The company decided to use the idle own funds of not more than 500 million yuan (within the above amount, the funds can be recycled) for investment and wealth management business, and at the same time authorized the company's financial director to report to the general manager for approval to exercise specific decision-making power and sign relevant contract documents and organize implementation according to the authorization.
The Announcement on Cash Management using idle own funds was published in the designated information disclosure media Securities Times, China Securities News, Shanghai Securities News, Securities Daily and Juchao Information Network http://www.cninfo.com.cn.
Item 19: By 9 votes in favor, 0 votes against and 0 abstentions, the "Proposal on the Use of Idle Raised Funds for Cash Management" was deliberated and passed;
The Company decided to use the idle raised funds not exceeding RMB450 million (including principal and income, and within the above amount, the funds can be used on a rolling basis) for cash management.
The Announcement on The Use of Idle Raised Funds for Cash Management was published in the designated information disclosure media Securities Times, China Securities News, Shanghai Securities News, Securities Daily and Juchao Information Network http://www.cninfo.com.cn.
Item 20: By 9 votes in favor, 0 votes against and 0 abstentions, the "Proposal on the Consideration of the Overseas Investment of Wing Chung (Hong Kong) Co., Ltd." was deliberated and passed;
The meeting agreed that Yongqiang (Hong Kong) Limited, a wholly-owned subsidiary of the Company, would cooperate with Zhengyun Investment Co., Ltd. to invest in the establishment of a company in Hong Kong.
The investment scale of the target subsidiary is planned to be US$6 million, of which: Yongqiang (Hong Kong) Co., Ltd. intends to contribute US$4 million, accounting for 66.67% of the equity of the target company, zhengyun Investment Co., Ltd. intends to invest US$2 million, accounting for 33.33% of the equity of the target company, the target subsidiary will serve as an overseas financing and investment management platform, the main investment direction is engaged in leisure, tourism and vacation services and other businesses determined by the company's management according to market conditions.
Authorize the executive directors of Yongqiang (Hong Kong) Limited to handle the investment establishment of the target company, including but not limited to the approval and registration of the relevant outbound investment, and sign all legal documents related to the outbound investment.
The Announcement on Outbound Investment was published in the designated information disclosure media Securities Times, China Securities News, Shanghai Securities News, Securities Daily, securities daily and http://www.cninfo.com.cn
Item 21: By 9 votes in favor, 0 votes against and 0 abstentions, the "Proposal on convening the 2020 Annual General Meeting of Shareholders" was deliberated and passed;
The meeting decided to hold the company's 2020 annual general meeting of shareholders on May 11, 2021 in the company's conference room, and the share registration date was May 6, 2021.
The Notice on Convening the 2020 Annual General Meeting of Shareholders was published in the designated information disclosure media Securities Times, China Securities News, Shanghai Securities News, Securities Daily and Juchao Information Network http://www.cninfo.com.cn.
This is hereby announced
April 16, 2??
Stock code: 002489 Stock abbreviation: Zhejiang Yongqiang Announcement number: 2021-024
Notice of convocation of the 2020 Annual General Meeting of Shareholders
The 14th meeting of the fifth board of directors of Zhejiang Yongqiang Group Co., Ltd. (hereinafter referred to as the "Company") deliberated and passed the "Proposal on Convening the 2020 Annual General Meeting of Shareholders" and agreed to convene the annual general meeting of shareholders. The relevant matters are hereby notified as follows:
First, the basic situation of convening a meeting
1. Convener: Board of Directors of Zhejiang Yongqiang Group Co., Ltd
2. Meeting time:
Online voting time: The specific time for online voting through the Shenzhen Stock Exchange trading system is 9:15-9:25 a.m., 9:30-11:30 a.m., and 13:00-15:00 p.m. on May 11, 2021. The specific time for voting through the Shenzhen Stock Exchange Internet voting system is any time between 9:15 a.m. on May 11, 2021 and 15:00 p.m. on May 11, 2021.
3. The venue of the on-site meeting was the conference room of Zhejiang Yongqiang Group Co., Ltd., No. 1 Qianjiang South Road, Linhai City, Zhejiang Province
4. How to convene the meeting: The shareholders' meeting is held by combining on-site voting and online voting.
5. The way to participate in the meeting: the shareholders of the company can only choose one of the on-site, online voting and other methods. In the event of a duplicate vote on the same voting right, the result of the first vote shall prevail.
6. Date of registration of shares in the meeting: May 6, 2021
7. Participants:
(1) ordinary shareholders or their agents who hold shares in the Company on the record date of the shares;
All ordinary shareholders of the Company registered with China Settlement Shenzhen Branch at the close of business on the afternoon of May 6, 2021 are entitled to attend the General Meeting of Shareholders. A natural person shareholder shall attend the shareholders' meeting in person, and if he is unable to attend, he may appoint an authorized agent to attend; a legal person shareholder shall be personally present by the legal representative, and if the legal representative cannot attend, he may appoint an authorized agent to attend, and the shareholder agent need not be a shareholder of the company. (For a sample of the power of attorney, see Annex 3)
(2) Directors, supervisors and senior management of the Company;
(3) Lawyers hired by the company;
(4) Other persons who shall attend the general meeting of shareholders in accordance with relevant laws and regulations.
Matters to be considered by the Conference
1. "Proposal on Deliberating the Special Report on the Deposit and Use of Raised Funds in 2020";
2. "Proposal on the Consideration of the 2020 Annual Financial Final Accounts Report";
3. "Proposal on deliberating the profit distribution plan for 2020";
4. "Proposal on the Consideration of the 2020 Internal Control Self-Evaluation Report";
5. Proposal on the Appointment of Auditors and Internal Control Auditors for 2021;
6. "Proposal on the Consideration of the 2020 Annual Report on the Work of the Board of Directors";
7. Proposal on the Consideration of the Work Report of the Board of Supervisors in 2020;
8. "Proposal on the Consideration of the 2020 Annual Report and Summary";
9. Proposal on the Consideration of Daily Related Party Transactions in 2021;
10. Proposal on Consideration of 2021 Annual Credit Line and Financial Assistance Scheme for Subsidiaries;
11. Proposal on Continuing to Carry Out Forward Settlement and Sale of Foreign Exchange Business;
12. Proposal on Cooperation with Banks to Carry Out Factoring Business;
13. "Proposal on Securities Investment with Own Funds";
14. Proposal on Carrying Out Futures Trading Business;
15. "Proposal on the Use of Idle Own Funds for Cash Management";
16. "Proposal on the Use of Idle Raised Funds for Cash Management";
The meeting will also hear reports from independent directors.
Note: Matters other than proposals 2, 6, 7 and 8 at this meeting are major matters affecting the interests of small and medium-sized investors, and the votes of small and medium-sized investors are counted separately and publicly disclosed according to the results of the vote count. Minority investors refer to shareholders other than directors, supervisors, senior management personnel of listed companies and shareholders who individually or collectively hold more than 5% of the shares of listed companies.
At the time of the consideration of proposal 9 at the meeting, the affiliated shareholders Zhejiang Yongqiang Industrial Co., Ltd., Xie Jianyong, Xie Jianping, Xie Jianqiang and Shi Fubin must recuse themselves from voting on this proposal, and cannot accept the entrustment of other shareholders to vote on this proposal.
The above proposals have been deliberated and approved by the 14th Board of Directors of the 5th Session and the 13th Board of Supervisors of the Company, and the details are published in the designated information disclosure media "Securities Times", "China Securities News", "Shanghai Securities News", "Securities Daily" and http://www.cninfo.com.cn of Juchao Information Network.
III. Proposal Coding
4. Registration matters for meetings
1. Registration method
(1) Natural person shareholders must register with their own IDENTITY card and shareholder account card or shareholding certificate; if the proxy is present at the meeting, they must register with a copy of the principal's ID card, the agent's own ID card, the power of attorney and the shareholder account card or shareholding certificate.
(2) Where a legal person shareholder is attended by the legal representative, he or she shall register with a copy of the business license, the identity certificate of the legal representative and the shareholder account card or shareholding certificate; if the agent entrusted by the legal representative attends the meeting, he shall register with the agent's own ID card, a copy of the business license, the power of attorney and the shareholder account card or shareholding certificate.
(3) Non-local shareholders can register by written letter or fax, which must be delivered or faxed to the Company before 15:30 on May 10, 2021, and telephone registration is not accepted. (See Annex 2 for a sample of the shareholder registration form).
3. Registration location: Securities Investment Department of Zhejiang Yongqiang Group Co., Ltd., No. 1 Qianjiang South Road, Linhai City, Zhejiang Province.
V. The specific operation process for shareholders to participate in online voting
At this shareholders' meeting, shareholders can participate in voting through the Shenzhen Stock Exchange trading system and the Internet voting system (http://wltp.cninfo.com.cn), and the specific operation process of online voting is shown in Appendix 1.
6. Other matters
1. Contact information
Contact: Wang Hongyang, Zhu Hui
Tel:0576-85956868
Fax:0576-85956299
Contact address: Securities Investment Department of Zhejiang Yongqiang Group Co., Ltd., No. 1 Qianjiang South Road, Linhai City, Zhejiang Province
Zip code: 317004
2. The shareholders' meeting lasts for half a day, and the shareholders attending the meeting are responsible for their own food, lodging and transportation expenses.
7. Documents for reference
1. Resolution of the 14th meeting of the fifth board of directors of Zhejiang Yongqiang Group Co., Ltd
Notice is hereby given.
Annex 1:
The specific operation process of participating in online voting
One. Online voting procedure
1. Voting code: 362489, voting abbreviation: Yongqiang voting
2. Fill in the number of votes or votes cast.
(1) The resolutions of this shareholders' meeting are non-cumulative voting proposals, and the voting opinions are filled in: agree, oppose, abstain.
(2) Shareholders voting on the general proposal shall be deemed to have expressed the same opinion on all other proposals.
(3) In the event that a shareholder votes repeatedly on the general proposal and the sub-proposal of the same proposal, the first valid vote shall prevail. If the shareholders first vote on the specific proposal and then vote on the general proposal, the voting opinions of the specific proposals that have been voted on shall prevail, and the voting opinions of the general proposals shall prevail for other uncontested proposals; if the general proposal is voted on first, and then the voting opinions of the specific proposal shall prevail.
Two. Voting procedure through the SZSE trading system
2. Shareholders can log in to the trading client of the securities company and vote through the trading system.
Three. Voting procedure through the SZSE Internet voting system
1. The Internet voting system will start voting from 9:15 a.m. on May 11, 2021 to 15:00 p.m. on May 11, 2021.
2. For online voting through the Internet voting system, shareholders are required to apply for identity authentication in accordance with the provisions of the "Shenzhen Stock Exchange Investor Network Service Identity Authentication Business Guidelines (Revised in 2016)" and obtain the "Shenzhen Stock Exchange Digital Certificate" or "Shenzhen Stock Exchange Investor Service Password". The specific identity authentication process can be accessed in the Http://wltp.cninfo.com.cn Rules guidelines section of the Internet voting system.
3. Shareholders can log in to the http://wltp.cninfo.com.cn vote through the Internet voting system of the Shenzhen Stock Exchange within the specified time according to the service password or digital certificate obtained. Appendix 2: Shareholders' Registration Form
Annex 3: Power of Attorney
Power of Attorney
I/Company (Principal Name: , Shareholder Account Number: ), holding A shares (stock code: 002489) shares of Zhejiang Yongqiang Group Co., Ltd., are hereby authorized to delegate (Mr. /Ms.) (ID number: ) to represent me/the Company at the 2020 Annual General Meeting of Shareholders of Zhejiang Yongqiang Group Co., Ltd. and to vote on the proposals listed in the General Meeting of Shareholders in accordance with the following instructions. If there is no instruction, the proxy shall vote at his or her discretion.
Note: Please mark "√" in the voting opinion column corresponding to each proposal, and multiple or no-votes will be counted as "abstention".
Note: This power of attorney is valid for copying or reprinting according to the above contents. This Power of Attorney shall be valid from the date of signature of this Power of Attorney until the date of the conclusion of the meeting of the General Meeting of Shareholders.
Stock code: 002489 Stock abbreviation: Zhejiang Yongqiang Announcement number: 2021-010
Announcement of the resolution of the 13th Supervisory Board of the Fifth Session
The notice of the 13th meeting of the 5th Supervisory Board of Zhejiang Yongqiang Group Co., Ltd. (hereinafter referred to as the "Company") (hereinafter referred to as the "Meeting") was issued on April 6, 2021 in the form of personal delivery, fax or e-mail, and the meeting was held in the company's conference room on April 16, 2021. There should be 3 supervisors and 3 supervisors.
The convocation, convocation and number of supervisors participating in the voting of this meeting conform to the provisions of the Company Law of the People's Republic of China, the Articles of Association of the Company and other relevant laws and regulations. The meeting was presided over by Ms. Chen Yangsijia, chairman of the board of supervisors, and after careful consideration by the supervisors attending the meeting and voted by registered vote, the following resolutions were deliberated and adopted:
First, by 3 votes in favor, 0 votes against and 0 abstentions, the "Proposal on the Consideration of the 2020 Annual General Manager's Work Report" was deliberated and passed;
Item 2: By 3 votes in favor, 0 votes against and 0 abstentions, the "Proposal on the Consideration of the Special Report on the Deposit and Use of Raised Funds in 2020" was deliberated and passed, and agreed to submit it to the General Meeting of Shareholders for consideration;
Item 3: By 3 votes in favor, 0 votes against and 0 abstentions, the "Proposal on the Consideration of the 2020 Annual Financial Accounts Report" was deliberated and passed, and agreed to submit it to the General Meeting of Shareholders for consideration;
Item 4: By 3 votes in favor, 0 votes against and 0 abstentions, the "Proposal on Deliberating the 2020 Annual Profit Distribution Plan" was deliberated and passed, and agreed to submit it to the general meeting of shareholders for consideration;
After careful review, the members of the Board of Supervisors unanimously agreed that the company's 2020 annual profit distribution plan conforms to the profit distribution policy of the company's Articles of Association, the review procedure is legal and compliant, the information disclosure on the cash dividend policy and its implementation is true, accurate and complete, and there is no harm to the interests of the company and other minority shareholders.
Item 5: By 3 votes in favor, 0 votes against and 0 abstentions, the "Proposal on the Consideration of the 2020 Internal Control Self-Evaluation Report" was deliberated and passed, and agreed to submit it to the General Meeting of Shareholders for consideration;
After careful review, the members of the Board of Supervisors unanimously agreed that the Company's "2020 Annual Internal Control Evaluation Report" comprehensively, truly and accurately reflected the actual situation of the Company's internal control.
Item 6: By 3 votes in favor, 0 votes against and 0 abstentions, the "Proposal on Deliberating the Occupation of the Company's Funds by Controlling Shareholders and Related Parties" was deliberated and passed;
After careful review, the members of the Supervisory Board unanimously agreed that in 2020, the company did not have non-operating funds occupied by the controlling shareholders and other related parties to the company.
Item 7: By 3 votes in favor, 0 votes against and 0 abstentions, the "Proposal on the Appointment of 2021 Annual Auditors and Internal Audit Institutions" was deliberated and passed, and agreed to submit them to the General Meeting of Shareholders for consideration;
Item 8: By 3 votes in favor, 0 votes against and 0 abstentions, the "Proposal on the Consideration of the 2020 Securities Investment Information Statement" was deliberated and passed;
After careful review, the members of the Board of Supervisors unanimously agreed that the company's securities investment leading group shall strictly follow the investment authority approved by the shareholders' general meeting. The company did not use special funds such as raised funds, loans and special financial appropriations to carry out securities investment matters, and the invested funds were limited to its own funds.
Item 9: By 3 votes in favor, 0 votes against and 0 abstentions, the "Proposal on the Consideration of the Work Report of the Board of Supervisors in 2020" was deliberated and passed, and agreed to submit it to the general meeting of shareholders for consideration.
The full text of the 2020 annual report of the Board of Supervisors was published on the http://www.cninfo.com.cn of the designated information disclosure media Juchao Information Network.
Item 10: By 3 votes in favor, 0 votes against and 0 abstentions, the "Proposal on the Consideration of the 2020 Annual Report and Summary" was deliberated and passed, and agreed to submit it to the General Meeting of Shareholders for consideration;
After careful review, the members of the Board of Supervisors unanimously believe that the procedures for the board of directors to prepare and review the company's 2020 annual report and summary comply with the relevant provisions of laws, administrative regulations and the China Securities Regulatory Commission, and the content of the report reflects the actual situation of the company in a true, accurate and complete manner, and there are no false records, misleading statements or material omissions.
Item 11: With 3 votes in favor, 0 votes against and 0 abstentions, the "Proposal on the Consideration of Daily Related Party Transactions in 2021" was deliberated and passed, and agreed to submit it to the general meeting of shareholders for consideration.
After careful review, the members of the Supervisory Board unanimously agreed that there is no harm to the interests of the company and other minority shareholders in the daily related party transactions.
Item 12: By 3 votes in favor, 0 votes against and 0 abstentions, the "Proposal on The Consideration of the 2021 Annual Credit Line and the Financial Assistance Plan for Subsidiaries" was deliberated and passed, and agreed to submit it to the General Meeting of Shareholders for consideration.
Item 13: By 3 votes in favor, 0 votes against and 0 abstentions, the "Proposal on Continuing to Carry Out Forward Settlement and Sale of Foreign Exchange Business" was deliberated and passed, and agreed to submit it to the General Meeting of Shareholders for consideration;
After careful review, the members of the Board of Supervisors unanimously believe that the company's forward settlement and sale of foreign exchange business and other related financial derivatives business can well control the risks brought by exchange rate changes to profits, and there is no harm to the interests of shareholders.
Item 14: By 3 votes in favor, 0 votes against and 0 abstentions, the "Proposal on Cooperating with banks to carry out factoring business" was deliberated and passed, and agreed to submit it to the general meeting of shareholders for consideration;
After careful review, the members of the board of supervisors unanimously agreed that the company's cooperation with banks to carry out factoring business can shorten the time for the collection of accounts receivable, accelerate the turnover of funds, improve the efficiency of the use of funds, reduce the cost of accounts receivable management, and there is no harm to the interests of shareholders.
Item 15: By 3 votes in favor, 0 votes against and 0 abstentions, the "Proposal on Securities Investment with Own Funds" was deliberated and passed, and agreed to submit it to the general meeting of shareholders for consideration;
After careful review, the members of the board of supervisors unanimously believe that the relevant procedures comply with the relevant laws and regulations, and the company implements securities investment while ensuring the daily operation capital needs and effectively controlling investment risks, which will not affect the daily operation of the company, is conducive to the long-term development of the company, and does not harm the interests of the company and small and medium-sized shareholders.
Item 16: By 3 votes in favor, 0 votes against and 0 abstentions, the "Proposal on Carrying Out Futures Trading Business" was deliberated and passed, and agreed to submit it to the shareholders' general meeting for consideration;
After careful review, the members of the board of supervisors unanimously agreed that the company carried out futures trading business, fulfilled the relevant approval procedures, and complied with the provisions of relevant national laws and regulations; the company strengthened internal control and implemented risk prevention measures, which is conducive to giving play to the company's competitive advantage, the company's futures trading business is feasible, the risk is controllable, and there is no harm to the interests of shareholders.
Item 17: By 3 votes in favor, 0 votes against and 0 abstentions, the "Proposal on the Use of Idle Own Funds for Cash Management" was deliberated and passed, and agreed to submit it to the General Meeting of Shareholders for consideration;
After careful review, the members of the board of supervisors unanimously believe that the company's use of its own funds for cash management business is conducive to improving the efficiency and income of idle funds, further improving the overall income of the company, and there is no harm to the interests of shareholders.
Item 18: With 3 votes in favor, 0 votes against and 0 abstentions, the "Proposal on the Use of Idle Raised Funds for Cash Management" was deliberated and passed, and it was agreed to submit it to the shareholders' general meeting for consideration;
After careful review, the members of the board of supervisors unanimously believe that the company uses the idle raised funds for cash management, fulfills the necessary approval procedures, is conducive to improving the efficiency and income of the use of the company's funds, further improving the overall income of the company, and there is no harm to the interests of the company and small and medium-sized shareholders. We agree with the Company's use of idle raised funds for cash management.
Stock code: 002489 Stock abbreviation: Zhejiang Yongqiang Announcement number: 2021-012
Special report on the annual deposit and use of raised funds
According to the "Guidelines for the Standardized Operation of Listed Companies on the Shenzhen Stock Exchange (Revised in 2020)" and related format guidelines issued by the Shenzhen Stock Exchange, the special explanation of the deposit and use of the funds raised by the Company in 2020 is as follows.
First, the basic situation of funds raised
(1) The actual amount of funds raised and the time of arrival of funds
With the approval of Circular [2010] No. 1273 of the Securities Regulatory Commission of the People's Republic of China, and with the consent of the Shenzhen Stock Exchange, the Company, china Merchants Securities Co., Ltd., the lead underwriter, publicly issued 60 million RMB ordinary shares (A shares) to the public at an issue price/allotment price of RMB 38.00 per share, raising a total of RMB228,000.00 million by the lead underwriter, China Merchants Securities Co., Ltd., using a combination of offline inquiry placement to the inquiry target and online capital subscription pricing issuance. The proceeds of RMB2,174,762,000 after deducting underwriting and sponsorship fees of RMB105,238,000 were remitted to the Company's fund raising supervision account by the lead underwriter, China Merchants Securities Co., Ltd., on October 14, 2010. After deducting the additional external expenses directly related to the issuance of equity securities such as online issuance fees, prospectus printing fees, reporting accountant fees, lawyer fees, and appraisal fees of 10.5465 million yuan, the net amount of funds raised by the company was 2,164,215,500 yuan. The availability of the above-mentioned raised funds has been verified by Tianjian Certified Public Accountants Co., Ltd., which issued the Capital Verification Report (Tianjian Inspection [2010] No. 298).
(ii) Use and balance of funds raised
Unit: RMB 10,000
2. The deposit and management of raised funds
(1) The management of funds raised
In order to standardize the management and use of the raised funds, improve the efficiency and effectiveness of the use of funds, and protect the rights and interests of investors, the Company has formulated the "Company Law" in accordance with the provisions of the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, the Rules for the Listing of Stocks on the Shenzhen Stock Exchange (Revised in 2020) and the Guidelines for the Standardized Operation of Listed Companies on the Shenzhen Stock Exchange (Revised in 2020), combined with the actual situation of the Company. Zhejiang Yongqiang Group Co., Ltd. raised funds management system (hereinafter referred to as the "management system"). According to the "Management System", the Company implemented special account storage for the raised funds, set up a special account for the raised funds in the bank, and signed the Tripartite Supervision Agreement on The Raised Funds with the Linhai Branch of Bank of China Co., Ltd., the Linhai Branch of China Construction Bank Co., Ltd., the Linhai Branch of Agricultural Bank of China Co., Ltd., and the Taizhou Linhai Branch of Industrial Bank Co., Ltd. on November 6, 2010. On June 15, 2011, the Japanese company and the newly established subsidiary Ningbo Yonghong Outdoor Leisure Products Co., Ltd. (hereinafter referred to as Ningbo Yonghong Company), together with the sponsoring institution China Merchants Securities Co., Ltd. and the Bank of China Co., Ltd. Ningbo Hangzhou Bay New Area Sub-branch, the Company and the newly established subsidiary Ningbo Qiangbang Outdoor Leisure Products Co., Ltd. (hereinafter referred to as Ningbo Qiangbang Company), together with the sponsoring agency China Merchants Securities Co., Ltd. and the Agricultural Bank of China Co., Ltd. Ningbo Hangzhou Bay New Area Branch, respectively, The Linhai Branch of China Construction Bank Co., Ltd. signed the Tripartite Supervision Agreement on Raising Funds, which clarifies the rights and obligations of all parties. In order to strengthen the centralized management of the raised funds and further improve the management efficiency of the raised funds, in accordance with the relevant provisions of the "Guidelines for the Standardized Operation of Listed Companies on the SME Board of the Shenzhen Stock Exchange" and the "Management System", the 18th meeting of the second session of the Board of Directors held on September 10, 2012 deliberated and passed the "Proposal on Changing the Special Account for Raised Funds", and decided to gradually cancel the special account for raising funds in the "Linhai Branch of Industrial Bank". On September 14, 2012, the Company, together with its sponsor, China Merchants Securities Co., Ltd., signed the Supplement to the Tripartite Supervision Agreement on Raising Funds with the Linhai Branch of Agricultural Bank of China Co., Ltd. and the Linhai Branch of Bank of China Limited, respectively.
According to the needs of the company's financial management arrangements, to maintain and strengthen the cooperative relationship between banks and enterprises, the 21st meeting of the second board of directors held by the company on November 12, 2012 deliberated and passed the "Proposal on Changing part of the special account for raising funds and signing the tripartite supervision agreement on raising funds", and decided to transfer part of the funds originally deposited in the special account for raising funds in the taizhou Linhai branch of Industrial Bank Co., Ltd. to other special accounts for raising funds and set up two new special accounts for raising funds.
On December 4, 2012, the Company, together with its sponsor, China Merchants Securities Co., Ltd., signed the Supplementary Agreement to the Tripartite Supervision Agreement on Raising Funds with the Linhai Branch of Agricultural Bank of China Co., Ltd. and the Linhai Branch of Bank of China Co., Ltd. respectively. On November 13, 2012, the Company, together with its sponsor, China Merchants Securities Co., Ltd., signed the Tripartite Supervision Agreement on Raising Funds with the Linhai Branch of Industrial and Commercial Bank of China Limited and the Taizhou Linhai Branch of Shanghai Pudong Development Bank Co., Ltd. respectively.
On May 20, 2013, the Company, together with its sponsor, China Merchants Securities Co., Ltd., signed the Supplementary Agreement to the Tripartite Supervision Agreement on Raising Funds with the Taizhou Linhai Branch of Shanghai Pudong Development Bank Co., Ltd., the Linhai Branch of Agricultural Bank of China Co., Ltd., the Linhai Branch of China Construction Bank Co., Ltd., and the Linhai Branch of Industrial and Commercial Bank of China Co., Ltd. respectively.
On June 6, 2013, the company issued the "Announcement on the Completion of the Cancellation of the Special Account for Partially Raised Funds", as of June 6, 2013, the funds raised in the special account of the Taizhou Linhai Branch of Industrial Bank Co., Ltd. have been fully disbursed, and the account is no longer used, and the special account for the raised funds has been officially cancelled after review by the Taizhou Linhai Branch of Industrial Bank Co., Ltd.
On May 14, 2014, the Company, together with the sponsor China Merchants Securities Co., Ltd. and the Ningbo Hangzhou Bay New Area Sub-branch of the Agricultural Bank of China Co., Ltd., signed the Supplementary Agreement to the Tripartite Supervision Agreement on Raising Funds.
On October 9, 2015, the Company issued the Announcement on Signing the Tripartite Supervision Agreement on Raising Funds, and in September 2015, the Company and Beijing Liantuo Tianji E-commerce Co., Ltd. (hereinafter referred to as Beijing Liantuo Company) and the sponsor China Merchants Securities Co., Ltd. signed the Tripartite Supervision Agreement on Raising Funds with the Beijing Hepingli Branch of China CITIC Bank Co., Ltd. and the Beijing Fangzhuang Branch of China Merchants Bank Co., Ltd.
On June 12, 2017, the Company issued the Announcement on Signing the Tripartite Supervision Agreement on Raising Funds, and in June 2017, the Company signed the Tripartite Supervision Agreement on Raising Funds together with the sponsor China Merchants Securities Co., Ltd. and the Taizhou Linhai Branch of Ping An Bank Co., Ltd. The Company decided to open a special account for raising funds at the Taizhou Linhai Branch of Ping An Bank Co., Ltd., which is only used for the Company's fund-raising investment projects and other purposes determined by the Company after performing the corresponding procedures in accordance with the law.
On June 22, 2018, the Company issued the Announcement on the Cancellation of the Special Account for Part of the Raised Funds, and on June 20, 2018, the Company completed the account cancellation procedures of the Taizhou Linhai Branch (account number 15000088696083) of Ping An Bank Co., Ltd., and the amount of funds raised in the special account has been transferred to the Linhai Branch of agricultural bank of China Co., Ltd. (account number 19930101040057888), The Tripartite Supervision Agreement on Raising Funds signed by the Company with Ping An Bank Co., Ltd. Taizhou Linhai Branch and China Merchants Securities was terminated accordingly.
On May 31, 2019, the Company issued the Announcement on the Cancellation of the Special Account for Part of the Raised Funds, and on May 30, 2019, the Company completed the cancellation procedures of bank of China Co., Ltd. Ningbo Hangzhou Bay New Area Branch (account number 392258832423) and Linhai Branch of China Construction Bank Co., Ltd. (account number 33001666135053007730), The balance of the raised funds in the above-mentioned special account has been transferred to the Linhai Branch of Agricultural Bank of China Co., Ltd. (account number 19930101040057888), and the Tripartite Supervision Agreement on Raising Funds signed by the Company and the Ningbo Hangzhou Bay New Area Branch of Bank of China Co., Ltd., the Linhai Branch of China Construction Bank Co., Ltd. and China Merchants Securities has been terminated accordingly.
On June 14, 2019, the Company issued the Announcement on the Cancellation of The Special Account for Part of the Raised Funds, and on June 13, 2019, the Company completed the processing of the Linhai Branch of Bank of China Co., Ltd. (account number 370158361298), the Linhai Branch of Industrial and Commercial Bank of China Co., Ltd. (account number 1207021129200339732), Account cancellation procedures of Beijing Hepingli Branch of China CITIC Bank Co., Ltd. (account number 8110701015300150800) and Beijing Fangzhuang Branch of China Merchants Bank Co., Ltd. (account number 110918758610101), the balance of the raised funds in the above special accounts is transferred to the Linhai Branch of Agricultural Bank of China Co., Ltd. (account number 19930101040057888), the special account for raising funds of Beijing Liantuo Company and the own capital account of Beijing Liantuo Company. The Company signed the "Account number 8110701015300150800) with Bank of China Co., Ltd. Linhai Branch (account number 370158361298), Industrial and Commercial Bank of China Limited Linhai Branch (account number 1207021129200339732), China CITIC Bank Co., Ltd. Beijing Hepingli Branch (account number 8110701015300150800), China Merchants Bank Co., Ltd. Beijing Fangzhuang Branch (account number 110918758610101), China Merchants Securities The Tripartite Supervision Agreement and the Supplementary Agreement on Raising Funds shall be terminated accordingly.
On June 25, 2019, the Company issued the Announcement on the Cancellation of the Special Account for Part of the Raised Funds, and on June 25, 2019, the Company completed the account cancellation procedures of the Ningbo Hangzhou Bay New Area Branch (account number 39543001040006126) of the Agricultural Bank of China Co., Ltd., and the balance of the raised funds in the above special account has been transferred to the Linhai Branch of the Agricultural Bank of China Co., Ltd. (account number 19930101040057888), The Tripartite Supervision Agreement and Supplementary Agreement on Raising Funds signed by the Company and the Ningbo Hangzhou Bay New Area Branch of Agricultural Bank of China Co., Ltd. and China Merchants Securities shall be terminated accordingly.
On September 22, 2019, the Company issued the Announcement on the Cancellation of the Special Account for Part of the Raised Funds, and on September 20, 2019, the Company has completed the cancellation procedures of the Linhai Branch (account number 33001666135059003369) of China Construction Bank Co., Ltd., and the balance of the raised funds in the above special account has been transferred to the Taizhou Linhai Branch of Shanghai Pudong Development Bank Co., Ltd. (account number 81060158000000072), The Tripartite Supervision Agreement on Raising Funds signed by the Company and the Linhai Branch of China Construction Bank Co., Ltd. and China Merchants Securities was terminated accordingly.
On July 8, 2020, the Company issued the Announcement on Signing the Tripartite Supervision Agreement on Raising Funds, and in July 2020, the Company signed the Tripartite Supervision Agreement on Raising Funds with Henan Yongqiang Outdoor Products Co., Ltd. (hereinafter referred to as Henan Yongqiang Company) and the sponsor, China Merchants Securities Co., Ltd., respectively.
There are no material differences between all of the above tripartite regulatory agreements and supplementary agreements from the Shenzhen Stock Exchange's model tripartite regulatory agreements, and the Company has strictly complied with them when using the proceeds.
(2) The storage of special accounts for raised funds
As of December 31, 2020, the Company has 3 special accounts for raising funds and 2 structured deposit accounts, and the deposit of funds raised is as follows:
3. The actual use of funds raised during the year
(1) Comparison table of the use of funds raised
1. A comparative table of the use of funds raised is detailed in Annex 1 to this report.
2. The use of excess funds raised in the current period is as follows:
After the deliberation and approval of the sixth meeting of the fifth board of directors of the company on December 27, 2019, it was agreed that the company would give priority to the use of the remaining raised funds and the interest income from the raised funds in previous years for henan Pingyu to set up a subsidiary to invest in the construction of outdoor leisure products production line projects, and the insufficient part would be solved by the company's self-financing, and the excess raised funds of 12.6553 million yuan were used in the current period.
(2) An explanation of the abnormal circumstances in the investment projects of the raised funds
During the year, the Company did not have any abnormal circumstances in the investment projects of the raised funds.
(3) A description of the situation that the investment projects of the raised funds cannot be separately accounted for for
During the year, the Company did not have any situation in which the investment projects of the raised funds could not be separately calculated for benefits.
4. Change the use of funds for investment projects raised by the raised funds
(1) Change the status table of the investment projects of the raised funds
The list of changes to the investment projects of the raised funds is detailed in Annex 2 to this report.
(2) An explanation of the fact that the investment projects of the raised funds cannot be separately accounted for for for benefits
The company does not have a situation where the fund-raising project cannot calculate the benefits separately.
(3) Explanation of the external transfer or replacement of the investment projects of the raised funds
In accordance with the "Proposal on Replacing the Self-Raised Funds of Pre-invested Investment Projects with Raised Funds" and other relevant procedures passed by the Third Meeting of the Second Session of the Board of Directors on November 6, 2010, the Company replaced the self-raised funds of 235.0635 million yuan that had been pre-invested in the investment projects with raised funds.
V. Problems in the use and disclosure of raised funds
During the year, there were no major problems in the use and disclosure of the funds raised by the Company.
Attachments: 1. Comparison table of the use of funds raised
2. Change the status table of the investment projects of the raised funds
2April 16, 2026
Annex 1
Comparison table of the use of funds raised
FY2020
Compilation unit: Zhejiang Yongqiang Group Co., Ltd. unit: RMB 10,000
[Note]: The total investment of the project budget is 500 million yuan, and the company gives priority to the use of the remaining raised funds and the interest income of the raised funds over the years to invest in the construction, and the insufficient part will be solved by the company's self-financing.
Annex 2
Change the status table of investment projects of the raised funds