GL Technology Co., Ltd
(No.changchun road 10, Zhengzhou High-tech Development Zone, Henan Province)
About guangli technology co., ltd.
Apply for issuing convertible corporate bonds to unspecified objects.
Reply on the implementation of the opinions of the audit center
(Exempted version)
Sponsor (lead underwriter)
Zhuo Yue Times Square (Phase II) North Block, No.8 Zhongxinsan Road, Futian District, Shenzhen City, Guangdong Province
About guangli technology co., ltd.
Letter of implementation of the opinions of the audit center on applying for issuing convertible corporate bonds to unspecified objects
Reply from
Shenzhen Stock Exchange:
On the unspecified application of Guangli Technology Co., Ltd. issued by your institute on August 10, 2022.
Letter of Implementation of Opinions of the Audit Center for Issuing Convertible Corporate Bonds (Audit Letter [2022] No.020 180)
(hereinafter referred to as the "audit inquiry letter") has been received. According to the requirements of your audit inquiry letter, the Optical Power Department
Technology Co., Ltd. (hereinafter referred to as Guangli Technology, Company, Issuer or Applicant)
In conjunction with CITIC Securities Co., Ltd. (hereinafter referred to as "CITIC Securities" or "Sponsor")
The relevant matters of the inquiry letter have been carefully verified and implemented, and the answers to the relevant questions are as follows.
Description:
1. Unless otherwise specified, the explanation of abbreviations or nouns in the reply to this audit inquiry letter and the prospectus.
The meaning in is the same.
Two. There may be an ending between the sum of individual data and relevant summary data in the reply to this audit inquiry letter.
Poor, are all caused by rounding when calculating data.
Three. The fonts in the reply to this audit inquiry letter represent the following meanings:
Bold (not bold): Questions listed in the inquiry letter.
(Not bold): Reply to the questions listed in the inquiry letter.
Italic (bold): revised version of prospectus (declaration draft)
Italic (not bold): refers to the prospectus (declaration draft)
Question 1
According to the reply materials, the issuer, as a contractor, undertakes grinding, polishing and air flotation spindle.
Carry out research and development and industrialization of cutting air-bearing spindle, and take the lead in carrying out cutting air-bearing spindle subproject.
This topic has been fully investigated by the relevant units and passed the internal defense, and the related work is being carried out intensively.
The issuer is requested to supplement the specific process of the above-mentioned major projects and the industrialization of air spindles for fundraising projects.
Relationship, whether other pre-approval procedures or conditions are needed for the implementation of fund-raising projects, and the production and sales of fund-raising products.
Whether there are significant uncertainties in the process.
The issuer is requested to supplement the disclosure of relevant risks.
Please ask the sponsor to check and express a clear opinion.
Reply:
First, the specific process of major projects in the fundraising project and its relationship with the industrialization of air spindles
The major projects that the company participated in were formally established in March 2022, and the first fund was established in April 2022.
The monthly appropriation is in place, and the overall scheme design, design calculation of key parameters and key technologies of the project have been completed.
Scheme design and other work, it is planned to complete the industrialization goal of supporting R&D content application by the end of 2024.
And complete the project acceptance. In terms of results, before the implementation of the project, the intellectual property rights and achievements of each unit were owned by each unit.
Intellectual property rights and achievements formed in the process of project implementation are owned by all parties.
Since its listing in July, 20 15, the company has been focusing on the layout and research and development of semiconductor packaging test equipment.
During the reporting period, outstanding achievements were made in merger and acquisition integration, product research and development, and localization process.
Before the implementation of major special planning, the company has already started the localization and construction of air spindles.
R&D team, planned production site, equipment, etc. , major projects are not preconditions for this fundraising project, and the public
The company's participation in major projects will promote the localization of the company's air spindles and the increase of this fundraising project.
The production capacity of domestic air spindles was successfully implemented.
Second, whether the implementation of fundraising projects requires other pre-approval procedures or conditions, and the production and sales process of fundraising products.
Is there any significant uncertainty?
The filing and approval procedures that have been performed for this fund-raising project are as follows:
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Project name: R&D and industrialization project of ultra-precision and high rigidity pneumatic spindle.
Filing document "Filing Certificate of Enterprise Investment Projects in Henan Province" (project code: 2112-410/73-04-01-587287)
Research and development and industry of ultra-precision and high rigidity pneumatic spindle of Zhengzhou Guangli Ruihong Electronic Technology Co., Ltd.
Reply on application for approval of informed commitment system in the environmental impact report form of documented EIA project (Zheng Gang Environmental Protection Notice [2022])
No. 1)
This fund-raising project has fulfilled relevant procedures such as filing and environmental assessment, and the relevant approval documents are within the validity period. The project
Built on your own land, it does not involve other relevant examination and approval conditions such as land, nor does it belong to finance, military industry or danger.
Some industries, such as hazardous chemicals, do not need the approval of the relevant authorities, and the company's participation is of great significance.
The development, implementation or acceptance of special projects is not a pre-approval procedure or condition for this fund-raising project.
After the fundraising project is completed, the annual production capacity of air spindles will be increased by 5,200 (air spindles will be reduced by 5,000).
Root, CMP and BG air bearing spindles are 200 sets, of which CMP and BG air bearing spindles are mainly used for BG.
Air bearing spindle production).
In terms of production, this fundraising project is to transfer LPB's air spindle technology and products to China.
Production, building China into the main production base of air lozenges. After the cutting air flotation spindle is localized,
A series of optimization and technical improvement were carried out, which improved the spindle stiffness, reduced the spindle gas consumption and improved the overall performance and parameters.
Various indicators have improved; BG air-bearing spindle is mainly used for grinding and polishing 8-inch wafers.
On the basis of a series of optimization and technical improvement, the performance has higher stiffness, bearing capacity and better stability.
Qualitative, mainly used for grinding and polishing 12 inch wafer. At present, the company has trained one in China.
Excellent research and development team, and reserve a set of related technologies for the production and manufacture of air spindles. This fundraising.
This project is the localized production of LPB air spindle after a series of optimization and technical improvement.
There is no big difference in model, specification, product structure and technical level, and there is no production process of raising products.
Very uncertain.
In terms of sales, the new air spindle capacity raised by the company this time is mainly used for the company to have independent intellectual property rights.
In the production of semiconductor packaging test equipment, a small amount of new capacity is used for external sales. Cutting air bearing spindle should mainly
Full/semi-automatic double-axis wafer dicing machine and semi-automatic single-axis dicing machine used for the company's independent intellectual property rights.
The production of dicing saw, the company's domestic dicing saw products were listed in June 2020, and the market response was good.
The company's dicing equipment customers are widely used in domestic and foreign head semiconductor packaging and testing enterprises, and the company has established good relations with customers.
Good communication channels, stable cooperative relationship, sufficient orders in hand and intentional orders; BG air bearing spindle will be spindle.
It is used to produce grinders with independent intellectual property rights. The grinder of the company is expected to be in the second half of 2023.
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In 2008, we completed the user trial and small batch trial production, and the customers of grinding equipment and cutting equipment are the same customer group.
Division has established good communication channels with relevant customers, and the future will be based on the global marketing system of dicing equipment.
In fact, different marketing strategies are adopted for different types of customers to continuously expand the range of DEMO users.
Strengthen the marketing of grinding machines. Spindle sales, integrated circuit wafer thinning, dicing equipment
The air bearing spindle, the core component, is almost monopolized by Japanese and American manufacturers such as disco, Okamoto and Tokyo Precision.
The air spindles of companies such as Disco, the head enterprise of the industry, are mainly for personal use and are hardly sold to the outside world. This time,
After the localization of air spindles, it is expected to maintain good domestic sales and sell them abroad through global sales channels.
To sum up, the implementation of this fundraising project is not only for project filing or
Conditions, and meet other requirements of relevant departments, the production and sales process of the company's fund-raising products is not significant.
Uncertainty.
Three. Risk disclosure
Pre-approval procedures for the development, implementation or acceptance of major special projects other than this fund-raising project.
Or conditions, the company has been in the prospectus "section 3 risk factors" and "4, the wind of the implementation of fundraising projects.
"Risk" discloses "the risk that the planned product production of the fund-raising project fails to achieve the expected performance" and "the localization of the company"
Optimization and technical improvement of spindle research and development, risk of grinding machine research and development progress and achievements falling short of expectations "and" fundraising project "
The risk that new production capacity cannot be fully digested ","the merger of existing projects under construction and the new discount of this fundraising project "
The risk of old amortization, the economic benefit of the fundraising project is less than the expected risk, etc.
Related risks, and prompt some major problems. The company has fully disclosed the implementation of this fundraising project.
Related risks.
Four. Verification opinion
(1) verification program
The sponsor institution mainly fulfilled the following verification procedures:
1, consult the issuer's relevant project declaration, task book, relevant letters and defense materials, and report to the.
The senior management of the issuer understands the specific process of the company's participation in the project and its relationship with the industrialization of air spindles in the fundraising project.
Department;
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2. Obtain the filing documents, EIA approval documents and state-owned land use rights of the project raised by the issuer this time.
Certificate, refer to the issuer's participation in related projects and other documents to judge whether the implementation of this fundraising project is still
Need to perform other pre-approval procedures or conditions other than project filing;
3. Learn from the senior management of the issuer about the production and sales planning of the products raised this time, and carve the customers of equipment products.
Stability and new customer expansion, in-hand orders and intention orders, research and development progress and conclusion of grinding equipment.
The issuer participates in the task book of major special projects and judges the rationality of the new capacity scale of this fundraising project, and
Whether there are significant uncertainties in the production and sales process of the raised products.
(II) Verification conclusion
After verification, the organizer believes that:
1. The issuer's participation in related projects is not a prerequisite for this fundraising project, but it is involved in related projects.
This project will promote the development of localization of air spindles of issuers, and this fundraising project will add localization space.
Smooth implementation of gas ingot production capacity;
2. There is no need to perform other pre-approval procedures or terms except for project filing during the implementation of this fund-raising project.
Part, and meet other requirements of relevant departments, there is no significant difference in the production and sales process of the company's fund-raising products.
A sure thing
(There is no text below)
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Statement by the issuer's chairman
I have carefully read the Application of Guangli Technology Co., Ltd. to Issue Convertible Products to Unspecific Objects.
Reply to the implementation of the opinions of the corporate bond audit center, and confirm the reply to this audit inquiry letter.
The contents of the report are true, accurate and complete, and there are no false records, misleading statements or major omissions, and they shall bear the responsibility.
Corresponding legal responsibilities.
Chairman:
Zhao tongyu
Guangli technology co., ltd
date month year
six
There is no text on this page, which is about the application of Guangli Technology Co., Ltd..
Signature page of reply to the letter on the implementation of the opinions of the audit center on issuing convertible corporate bonds to unspecified objects)
Guangli technology co., ltd
date month year
seven
Speech by the chairman of the sponsor institution
I have carefully read the Application of Guangli Technology Co., Ltd. to Issue Convertible Products to Unspecific Objects.
Reply to the implementation of the opinions of the corporate bond audit center, and understand the core issues involved in this reply.
Check the process, company core and risk control process, and confirm that the company performs verification according to the principle of diligence.
Procedures, review the reply to the inquiry letter without false records, misleading statements or major omissions, and above
The authenticity, accuracy, completeness and timeliness of documents shall bear corresponding legal responsibilities.
Chairman:
Zhang youjun
CITIC Securities Limited