Nanfang Shares (600250): The Use Of Funds Raised And The Cancellation Of Funds Raised

Announcement of the Nanjing textiles import and export Limited by Share Ltd about the use of funds raised and the cancellation of special funds for raising funds

The board of directors and all directors of the company guarantee that there is no false record, misleading statement or major omission in the contents of this announcement, and shall bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.

I. Basic Situation of fund-raising funds

According to the reply issued by the China Securities Regulatory Commission on the approval of the Nanjing textiles import and export Limited by Share Ltd to buy shares and raise matching funds to Nanjing Confucius Temple Cultural Tourism Group Co., Ltd. (SFC license No. [2019]2487), the Nanjing textile import and export Limited by Share Ltd (hereinafter referred to as Nanfang stock or company) has issued Renminbi in public. Ordinary shares (A shares) of 14084507 shares, the issue price of 5.68 yuan / share, the total amount of financing is RMB 79999999.76 yuan, after deducting the relevant issuance costs of 12500000 yuan, the net proceeds of the fund is RMB 67499999.76 yuan. Rong Cheng Certified Public Accountants (special general partnership) conducted a verification of the capital raising account and issued the capital verification report ([2019]8358).

Two, raising funds storage situation

In order to regulate the use and management of fund-raising funds and protect the legitimate rights and interests of investors, according to the regulations on the issuance of securities issued by listed companies, regulation No. second of listed companies, regulatory requirements for the management and use of funds raised by listed companies, the administrative measures for raising funds of listed companies in Shanghai stock exchange, and the company's management system for raising funds, etc., the company opens A special account for raising funds has been set up for the storage and use of the above raised funds, and signed with the independent financial adviser, Huatai United Securities Co., Ltd., the Bank of Jiangsu, Nanjing branch of the Bank of China, the three party regulatory agreement for raising funds.

The opening of funds and the storage of funds are as follows:

Note: Longjiang branch of Jiangsu bank Nanjing branch belongs to lower level branch of Jiangsu bank Nanjing branch. Since the Bank of Jiangsu branch of Nanjing branch of Nanjing branch has no external administrative seal, the three party regulatory agreement is signed with Jiangsu bank Nanjing branch.

Three, the use of fund-raising funds

According to the purpose of the collection of funds raised in the Nanjing stock exchange import and export Limited by Share Ltd issue of shares to purchase assets and raise supporting funds and related transactions, the fund is used to supplement the company's liquidity after deducting the cost of intermediary agencies and other expenses.

As of March 17, 2020, the net proceeds of 67499999.76 yuan and the corresponding interest have been transferred to the company's basic account, which is used to supplement the company's liquidity, and the balance of the fund raising account is 0 yuan.

Four, cancellation of funds raised

In view of the fact that the fund-raising fund has been used and the fund raising households have no surplus funds, in order to facilitate account management and reduce management costs, the company completed the cancellation procedures of the fund raising households in March 17, 2020, and the three party supervision agreement signed by the company with the Huatai joint securities limited liability company and the Bank of Jiangsu Limited by Share Ltd Nanjing branch. It should be terminated.

Notice hereby

The board of directors of Nanjing textiles import and export Limited by Share Ltd

March 18, 2020