Analysis Report on the Feasibility of Using Raised Funds for Issuing Convertible Bonds to Unspecified Targets (Revised Draft)
Zhejiang Tailin Bioengineering Co., Ltd. (hereinafter referred to as "the Company" or "Tailin Bioengineering"), in accordance with its strategic development plan, to meet the capital needs of its development, expand its business scale, and enhance its sustainable profitability and market competitiveness, plans to issue convertible corporate bonds (hereinafter referred to as "convertible bonds") to unspecified targets. The analysis of the necessity and feasibility of using the raised funds for this issuance of convertible bonds to unspecified targets (hereinafter referred to as "this issuance") is as follows:
I. Plan for the Use of Raised Funds
The total amount of raised funds for this issuance of convertible corporate bonds to unspecified targets shall not exceed 230 million yuan (including 230 million yuan). After deducting issuance expenses, the net amount of raised funds will be invested in the following projects:
| Project No. | Project Name | Total Project Investment (RMB million) | Proposed Raised Funds Investment (RMB million) |
|---|---|---|---|
| 1 | High-performance filter and supporting functional membrane industrialization project | 32,197.53 | 20,000.00 |
| 2 | Supplement working capital | 3,000.00 | 3,000.00 |
| Total | 35,197.53 | 23,000.00 |
The portion of raised funds proposed to be invested does not include funds already invested before the resolution of the Board of Directors. Before the raised funds for this issuance of convertible bonds to unspecified targets are in place, the Company will make advance investments using surplus funds from previous fundraising projects and its own funds based on actual project needs and priorities. After the raised funds are in place, the Company will, in accordance with the requirements and procedures of relevant laws and regulations, reimburse the self-owned funds advanced by the Company after the Board of Directors' resolution and before the arrival of the raised funds, which are related to the construction of the investment projects for this issuance.
If the net amount of raised funds after deducting issuance expenses is less than the total investment amount for the above projects, the Company may, based on the actual needs of the projects and in accordance with the procedures stipulated by relevant regulations, make appropriate adjustments to the investment amounts for the above projects, and the insufficient portion will be resolved by the Company's own funds.