The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the content of this announcement, and assume individual and joint responsibility for the authenticity, accuracy and completeness of the content.
Important content reminder:
1. Name of the guaranteed person: STATS CHIPPAC PTE. LTD. (hereinafter referred to as “SCL”)
2. Cumulative amount of external guarantees: As of May 31, 2022, the Company’s accumulative balance of guarantees for financing and other businesses of wholly-owned subsidiaries was RMB 4.706 billion, and there was no other external guarantees.
3. Counter guarantee: none
4. The cumulative number of overdue external guarantees: none
I. Overview of Guarantee
After consideration and approval at the tenth meeting of the seventh session of the board of directors of the company and the 2021 annual general meeting of shareholders, it was agreed that the company could provide a total amount of guarantees not exceeding RMB 8 billion for wholly-owned subsidiaries before the annual general meeting of shareholders in 2022, of which SCL provides a guarantee limit of not more than RMB 2 billion. For details, please refer to the “Jiangsu Securities Journal” disclosed by the company on the website of the Shanghai Stock Exchange (www.sse.com.cn), Shanghai Securities News and Securities Times on March 31, 2022 and May 21, 2022. Changjiang Electronics Technology Co., Ltd. Announcement on Providing Guarantee for Wholly-owned Subsidiaries in 2022 (Announcement No.: Lin 2022-018) and other related announcements.
Within the above guarantee amount, the company has recently provided guarantees for wholly-owned subsidiaries as follows:
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2. Introduction of Guarantee Objects
1、STATS CHIPPAC PTE. LTD.
As an indirect wholly-owned subsidiary of the company, it is a provider of semiconductor packaging design, projection welding, pin testing, packaging, testing and wiring solutions, and a global integrated circuit packaging and testing outsourcing company.
At the end of 2021, total assets were US$2,176,438,700, net assets were US$986,734,700, operating income in 2021 was US$1,656,416,600, and net profit was US$137,812,800.
3. Main Contents of the Guarantee Agreement
(1) STATS CHIPPAC PTE. LTD.
1. “Guarantee Contract”
1) Signed by:
Guarantor: Jiangsu Changdian Technology Co., Ltd.
Creditors: JPMORGAN CHASE BANK, NA, SINGAPORE BRANCH
2) Loan Amount: not more than USD 40,000,000,000
3) Guarantee method: joint liability guarantee
4) Scope of guarantee guarantee: the principal, interest and all other expenses and expenses under the loan, the amount payable by the borrower to the lender for any reason, and the interest, expenses and bank charges related to any debt or guarantee of the borrower repayment of all costs, including legal fees; and the timely performance of all obligations of the borrower in connection with the loan.
5) Guarantee period: Two years from the date of signing the guarantee contract, but any guarantee liability (whether absolute or contingent) existing up to the date of termination shall continue to be effective until it is fully performed or released.
2. “Working Capital Loan Contract”
1) Signed by:
Borrower: STATS CHIPPAC PTE. LTD.
Lender: JPMORGAN CHASE BANK, NA, SINGAPORE BRANCH
2) Loan type and amount: working capital loan, no more than US$40,000,000,000
3) Loan term: 364 days
4. Opinions of the Board of Directors
The company’s existing guarantees are all guarantees provided to its wholly-owned subsidiaries. These guarantees are all to support the production, operation and development of each subsidiary company. The company has a full understanding of the repayment ability of these companies, and the financial risks are within the controllable range. Inside.
V. Cumulative Amount of External Guarantees and Number of Overdue Guarantees
Up to now, the company’s external guarantees are all guarantees to its wholly-owned subsidiaries. The accumulated external guarantee balance is RMB 4.706 billion, and there is no other external guarantee.
The company has no overdue guarantee.
Special announcement!
Jiangsu Changdian Technology Co., Ltd.
Board of Directors
June 2, 2022Return to Sohu, see more
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