In order to standardize the management and use of raised funds and protect the interests of investors, according to the "Shenzhen Stock Exchange GEM Listing Rules", "Shenzhen Stock Exchange GEM Listed Companies Standard Operation Guidelines", "GEM Information Disclosure Business Memorandum" No. 1 - Use of Over-raised Funds (Revision) and other relevant laws, regulations and regulatory documents, Shenzhen Changying Precision Technology Co., Ltd. (hereinafter referred to as "the company") at the 24th meeting of the second board of directors The “Proposal on Adjusting the Implementation Plan for Raising Funds†was passed, and the proposal will be submitted to the 1st Extraordinary General Meeting of Shareholders for consideration in 2011.
I. Basic information on fundraising investment projects
The company's "initial public offering of shares and listing in the GEM prospectus" disclosed that after the raised funds are in place, the company will invest the funds required for the fundraising project into the wholly-owned subsidiary Kunshan Changying Precision Technology Co., Ltd. (hereinafter referred to as the capital increase). "Kunshan Changying"), the following three projects are implemented by the subsidiary:
Change the basic situation of the implementation plan of the raised funds
1. Production of surface mount LED package bracket project
(1) Change content The project was originally implemented by Kunshan Changying Precision Technology Co., Ltd. in Kunshan City, Jiangsu Province. Now, according to the changes in the LED market and the company's overall development strategy, it was changed to Guangdong Changying Precision Technology Co., Ltd. (hereinafter referred to as "Guangdong" Changying" was implemented in the Songshan Lake National High-tech Industrial Development Zone in Dongguan. Dongguan Songshan Lake National High-tech Industrial Development Zone has strict requirements for the construction of the plant. The project's land use three-way work is underway. The project is scheduled to start before May 2011. The construction period is one year. The project is expected to be in the second half of 2012. Put into production, the rest of the project remains unchanged. The land originally intended for this project will be used to develop and produce high-end card-type precision connectors.
Guangdong Changying was established on June 3, 2010 with a registered capital of RMB 50 million. The registered address is Dongguan Songshan Lake National High-tech Industrial Development Zone. The business scope covers the research and development, manufacturing and sales of electronic components and components. On September 2, 2010, Guangdong Changying obtained a state-owned enterprise with a parcel number of 2010T090 and a parcel area of ​​43,333 square meters in the Songshan Lake National High-tech Industrial Development Zone in Dongguan. Land use right. At present, the company has obtained the right to use the land, and the changed fundraising project will be implemented on the land.
(2) Reason for change
1. At present, nearly 75% of the domestic LED packaging industry is concentrated in the Pearl River Delta. The adjustment of the company's fundraising project is convenient for serving customers nearby;
2. At present, the R&D and production base of LED precision bracket is in Shenzhen headquarters, and Guangdong Changying is close to Shenzhen headquarters, which is beneficial to Shenzhen headquarters to support talents and technology in this project;
3. Dongguan Songshan Lake High-tech Industrial Park was approved by the State Council as a national high-tech industrial development zone in 2010. Many LED packaging companies stay in the park.
2. Annual production of 18 million mobile phone and digital product slide projects
(1) Change content
The project was originally implemented by Kunshan Changying Precision Technology Co., Ltd. in Kunshan City, Jiangsu Province. Now, according to the changes in the mobile phone and digital product slide market and the company's overall development strategy, it was changed to Guangdong Changying Precision Technology Co., Ltd. in Dongguan Songshan Lake Country. The implementation of the high-tech industrial development zone. Dongguan Songshan Lake National High-tech Industrial Development Zone has strict requirements for plant construction. The project's land use three-way work is underway. The project is scheduled to start before May 2011. The construction period is one year. It is estimated that the project will be invested in the second half of 2012. Production, the rest of the project remains unchanged. The land originally intended for this project will be used to develop and produce high-end card-type precision connectors.
(2) Reason for change
1. Important customers of the company's mobile phone slides, such as Huizhou Samsung, Huawei, ZTE, TCL-Alcatel, Jinli, Duowei, etc., gathered in the Pearl River Delta region. The adjustment of the company's fundraising project facilitates the service of customers nearby;
2. The mobile phone slide rail R&D and production base is located in the headquarters of Shenzhen, and Guangdong Changying is close to the headquarters of Shenzhen, which is beneficial to the Shenzhen headquarters to support the talent and technology of the project;
3. Dongguan Songshan Lake High-tech Industrial Park was approved by the State Council as a national high-tech industrial development zone in 2010. A group of mobile phone customers, such as Huawei, Yulong Coolpad, Jinli, ASRock, etc., have already been parked in the park.
Second, the risks and countermeasures after the change of the raised funds investment project
The project to raise funds for the production of surface mount LED package brackets and the implementation of the "18 million mobile phones and digital products slides per year" project has not changed, the company is currently carrying out project implementation. Changes in the project implementation entity and implementation site will not have a material impact on the project implementation, and will not affect the company's ongoing operations.
The company will strictly abide by the requirements of the GEM Stock Listing Rules and the GEM Listed Companies Standard Operation Guidelines and other relevant laws and regulations, scientific and rational decision-making, strengthen internal and external supervision of the use of raised funds, and ensure the legal use of raised funds. effective.
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