Ya Yun Shares (603790): Cancellation Of Some Special Accounts To Raise 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

In July 27, 2018, the China Securities Regulatory Commission (hereinafter referred to as the China Securities Regulatory Commission) issued the approval of the approval of the first public offering of Shanghai Ya Yun textile chemical Limited by Share Ltd (SFC 2018 [1201]), and the Shanghai Ya Yun textile chemical Limited by Share Ltd (hereinafter referred to as the "company") issued the first public offering of RMB common stock (A shares) to 36 million 800 thousand shares. The issuing price of each share is RMB 10.98 yuan, and the total amount raised is RMB 404 million 64 thousand yuan. The net proceeds raised after deducting the issuance cost are RMB 350 million 495 thousand and 200 yuan. The above raised funds were put into place in September 5, 2018 and verified by Lixin Accounting firm (special general partnership). The capital verification report no. 2018 [2018] No. ZA15636 was issued.

Two. Management of raised funds

In order to standardize the management and use of funds raised by companies, improve the efficiency and efficiency of capital use, and effectively protect the rights and interests of investors, according to the requirements of supervision and guidance of listed companies' regulation No. second, the regulatory requirements for the management and use of funds raised by listed companies, and the regulations governing the collection of funds raised by Listed Companies in Shanghai Stock Exchange (revised in 2013), and combining with the actual situation of the company, a management method for raising funds of Shanghai Yamun textile chemical Limited by Share Ltd is formulated to store special funds for the collection of funds.

In September 7, 2018, the company and GF Securities Limited by Share Ltd (hereinafter referred to as GF) signed the "three party supervision agreement on raising funds" with Shanghai Pudong Development Bank, Limited by Share Ltd branch of Jiading. In September 7, 2018, the company, gf and the Shanghai bank Limited by Share Ltd Puxi branch signed the "three party supervision agreement on raising fund accounts". In September 7, 2018, the company, gf and the Shanghai bank Limited by Share Ltd Puxi branch signed the "three party supervision agreement on raising fund accounts". In September 25, 2018, the company, Taicang Bao Ni Industrial Co., Ltd., GF Securities and Shanghai bank, Puxi branch of Limited by Share Ltd signed the three party supervision agreement on raising fund accounts. In September 6, 2018, the company, GF Securities and Bank of China Limited by Share Ltd Shanghai branch of Xuhui signed the three party supervision agreement on raising funds.

The opening of the company's special settlement account for raising funds is as follows:

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Three. The situation of raising funds for special account households.

As of December 24, 2019, the company has transferred funds to the company's basic account, which includes supplementary capital fund, cash management income and interest income from deposits, to supplement the working capital permanently.

In view of the above, the funds raised by the supplementary Liquidity Fund have been used for the specified purpose. The balance of the raised capital account opened by the Bank of China Limited by Share Ltd Shanghai Xuhui branch is 0 yuan. The special account will no longer be used. It will facilitate the account management and reduce the cost of management. Recently, the company has completed the procedures for the sale of funds raised by the Bank of China, Limited by Share Ltd, Shanghai Xuhui branch. The three party supervision agreement signed by the company and the sponsor, GF Securities and the Xuhui branch of the Bank of China, Shanghai branch of Limited by Share Ltd, has been terminated accordingly.

Notice hereby.

Shanghai Ya Yun textile chemical Limited by Share Ltd board

December 26, 2019