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Lukang Culture (601599): Adjustment Of Public Offering, Switching Company Bond Scheme And Amendments To The Plan

2019/6/13 13:55:00 123

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Lukang Culture Lukang Science And Technology Textile Stocks The Latest Announcement

Jiangsu Lukang culture Limited by Share Ltd to adjust the company's public offering of Switching Company bond scheme and

Notice of amendments to plans

The board of directors of the company and all the Directors ensure that there is no false record, misleading statement or significant material in the contents of this announcement.

Omission, and bear the individual and joint liability for the authenticity, accuracy and completeness of its contents.

The Jiangsu Lukang culture Limited by Share Ltd (hereinafter referred to as "company" or "our company") convened the twentieth meeting of the Fourth Board of directors and the fourteenth meeting of the fourth supervisory board in April 26, 2019, and deliberated and adopted the relevant motion on the proposal of the company to issue convertible bonds publicly, and the above motion was deliberated and adopted at the first provisional shareholders meeting in 2019.

According to the current market environment and policy changes, the company intends to reduce the issuance scale of Switching Company bonds to no more than 1 billion yuan (including 1 billion yuan), not exceeding RMB 677 million 600 thousand yuan (including 677 million 600 thousand yuan). The company will no longer implement the "repurchase company shares" project, and reduce the scale of supplementary liquidity accordingly.

First, the specific contents of this public offering can be adjusted for Switching Company bond scheme.

(1) scale of issue

1, before adjustment:

According to the relevant laws and regulations and the company's current situation, the total amount of raised funds raised by Switching Company bonds is not more than 1 billion yuan (including 1 billion yuan). The specific amount of raised funds is determined by the board of directors of shareholders' meeting within the above limits.

2, after adjustment:

According to the relevant laws and regulations and the company's current situation, the total amount of raised funds raised by Switching Company bonds is not more than 677 million 600 thousand yuan (including 677 million 600 thousand yuan). The specific amount of raised funds is determined by the board of directors of shareholders' meeting within the above limits.

(two) the purpose of raising funds.

1, before adjustment:

The total amount of the proceeds raised is not more than 1 billion yuan (including 1 billion yuan). After deducting the issuance cost, the net proceeds of the fund-raising will be invested in the following projects, which will not exceed the investment amount of the following items:

Unit: 10000 yuan

Serial number	entry name	Total investment	Proposed fund-raising fund
One	Adopting new compact spinning technology to pform traditional ring spinning frame project	Twelve thousand and two hundred	Twelve thousand and two hundred
Two	Production of high-grade worsted fabrics with new compact spinning and shuttle free weaving technology	Eighteen thousand four hundred and seventy-two	Eighteen thousand four hundred and seventy-two
Three	Using advanced spinning equipment to produce high-grade cashmere yarn project	Thirty-four thousand and nine hundred	Twenty-seven thousand and four hundred
Four	Share repurchase company	Twenty-two thousand nine hundred and twenty-eight	Twenty-two thousand nine hundred and twenty-eight
Five	Supplementary working capital	Nineteen thousand	Nineteen thousand
Total		One hundred and seven thousand and five hundred	One hundred thousand

Before the issue is raised, the company will invest itself in accordance with the actual progress of the project and replace it with the funds raised.

If the net actual amount of net proceeds after the issue is deducted from the issuance cost is less than the amount of investment raised above, the company will solve it through bank loans and its own funds.

2, after adjustment:

The total amount of the proceeds raised is not more than 677 million 600 thousand yuan (including 677 million 600 thousand yuan). After deducting the issuance cost, the net proceeds of the fund-raising will be invested in the following projects, which will not exceed the investment amount of the following items:

Unit: 10000 yuan

Serial number	entry name	Total investment	Proposed fund-raising fund
One	Adopting new compact spinning technology to pform traditional ring spinning frame project	Twelve thousand and two hundred	Twelve thousand and two hundred
Two	Production of high-grade worsted fabrics with new compact spinning and shuttle free weaving technology	Eighteen thousand four hundred and seventy-two	Eighteen thousand four hundred and seventy-two
Three	Using advanced spinning equipment to produce high-grade cashmere yarn project	Thirty-four thousand and nine hundred	Twenty-seven thousand and four hundred
Four	Supplementary working capital	Nine thousand six hundred and eighty-eight	Nine thousand six hundred and eighty-eight
Total		Seventy-five thousand two hundred and sixty	Sixty-seven thousand seven hundred and sixty

Before raising funds, the company will raise funds in advance according to the actual progress of the project.

Put in and replace it after raising funds.

Two. The relevant procedures for the adjustment and implementation of this plan.

In May 15, 2019, the company held the first provisional shareholders' meeting in 2019, and deliberated the adoption of the motion to authorize the board of directors to authorize the board of directors to handle the relevant matters concerning Switching Company bonds. This adjustment of public offering can only be carried out by the board of directors in the event of the Switching Company bond scheme. There is no need to hold the shareholders' meeting again.

In June 12, 2019, the company held the twenty-first meeting of the Fourth Board of directors and the fifteenth meeting of the fourth supervisory board, and deliberated and adopted the motion on adjusting the company's public offering of Switching Company bond program. It adjusted the investment amount and purpose of the "raising scale" and "raising funds usage" involved in the public offering of Switching Company bonds.

At the same time, the independent directors of the company issued their own independent opinions.

Three. Instructions for the revision of this release plan.

In June 12, 2019, the company held the twenty-first meeting of the Fourth Board of directors and the fifteenth meeting of the fourth supervisory board. It adjusted the public offering convertible bond plan, and deliberated and adopted the motion on the company's public offering of Switching Company bond (Revised Draft).

At the same time, independent directors issued their own independent opinions.

The main amendments are as follows:

chapter	Chapter content	Revised contents
Two, the general situation of distribution	(two) issuing scale	The size of the issue will be adjusted from no more than 1 billion yuan (including 1 billion yuan) to no more than 677 million 600 thousand yuan (including 677 million 600 thousand yuan).
Two, the general situation of distribution	(seventeen) the purpose and implementation of this fund raising.	The purpose of raising funds is to delete the item "repurchase company shares" while reducing the amount of "supplementary liquidity" project.
Four. The purpose of this public offering to raise funds.		The purpose of raising funds is to delete the item "repurchase company shares" while reducing the amount of "supplementary liquidity" project.