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 legal responsibility for the authenticity, accuracy and completeness of its content.
Important content reminder:
● Name of Guarantee: Shaowu Yonghe Jintang New Materials Co., Ltd. (hereinafter referred to as “Shaowu Yonghe”)
● The amount of the guarantee and the balance of the guarantee actually provided for it: Zhejiang Yonghe Refrigeration Co., Ltd. (hereinafter referred to as the “Company”) provides a joint liability guarantee of up to 200 million yuan for Shaowu Yonghe this time. As of the date of this announcement , the company has actually provided a guarantee balance of 241.67 million yuan for Shaowu Yonghe.
● Is there any counter-guarantee for this guarantee: No
● Cumulative number of overdue external guarantees: neither the company nor its subsidiaries has overdue external guarantees
I. Overview of Guarantee
(1) Basic information of guarantee
On June 21, 2022, the company signed the “Maximum Guarantee Contract” with Shaowu Sub-branch of Industrial Bank Co., Ltd. (hereinafter referred to as “Industrial Bank”), providing joint and several joint and several funds of not more than 200 million yuan for Shaowu Yonghe’s application to Industrial Bank for credit business Liability Guarantee Guarantee. There is no counter-guarantee for this guarantee.
(2) Internal decision-making procedures for the performance of this guarantee
The company held the 21st meeting of the third board of directors on March 28, 2022, and held the 2021 annual general meeting on May 13, 2022 to review and approve the “Proposal on Guarantee Matters within the Scope of the Company’s Consolidated Statements”, agreeing that the company and its subsidiaries jointly or independently provide other subsidiaries with a total amount of financing guarantees of not more than 1.28 billion yuan, of which the guarantee amount provided for wholly-owned subsidiary Shaowu Yonghe is not more than 680 million yuan, valid from the 2021 annual general meeting. From the date of the meeting to the date of the 2022 annual general meeting. For details, please refer to the “Announcement on Guarantees within the Scope of the Company’s Consolidated Statements” disclosed by the company on the website of the Shanghai Stock Exchange (www.sse.com.cn) on March 30, 2022 (announcement number: 2022-030).
This guarantee is within the scope of the guarantee amount approved by the company’s 2021 annual general meeting of shareholders, and there is no need to submit it to the board of directors or general meeting of shareholders for deliberation.
2. Basic information of the guarantor
Company Name: Shaowu Yonghe Jintang New Materials Co., Ltd.
Established: December 27, 2017
Legal representative: Xie Dongying
Unified social credit code: 91350781MA31E0EJ4X
Registered capital: RMB 558,320,600
Registered address: Jintang Industrial Park, Shaowu City, Fujian Province
Business scope: General items: production of chemical products (excluding licensed chemical products); sales of chemical products (excluding licensed chemical products); manufacturing of synthetic materials (excluding hazardous chemicals); sales of synthetic materials; technical services and technology development , technical consultation, technical exchange, technology transfer, technology promotion; wire and cable operation; sales of special equipment; sales of machinery and equipment; lime and gypsum manufacturing; lime and gypsum sales; Independently carry out business activities according to the business license) Licensed items: import and export of goods; import and export of technology; wire and cable manufacturing; Activities, specific business projects are subject to the approval documents or licenses of the relevant departments)
Relationship with the company: Shaowu Yonghe is a wholly-owned subsidiary of the company, and the company holds 100% of the shares
The main financial data of the last year and the first period:
As of December 31, 2021 (audited), Shaowu Yonghe had total assets of 704,736,200 yuan, total liabilities of 183,410,800 yuan, net assets of 521,325,300 yuan, and an asset-liability ratio of 26.03%; in 2021, it will achieve operating income of 1,179,700 yuan and net profit -9.1518 million yuan.
As of March 31, 2022 (unaudited), Shaowu Yonghe had total assets of 953,439,800 yuan, total liabilities of 406,265,700 yuan, net assets of 547,174,100 yuan, and an asset-liability ratio of 42.61%; from January to March 2022, it will realize operating income 00,000 yuan, net profit -4.1317 million yuan.
3. Main content of the contract
Guarantor: Zhejiang Yonghe Refrigeration Co., Ltd.
Creditor: Industrial Bank Co., Ltd. Shaowu Sub-branch
Debtor: Shaowu Yonghe Jintang New Materials Co., Ltd.
Guarantee amount: RMB 200 million
Guarantee method: joint and several liability guarantee
Scope of Guarantee: The creditor provides all loans, financing, guarantees and other on- and off-balance sheet financial services to the debtor in accordance with the main contract. All the creditors’ rights formed on the creditor, including but not limited to the creditor’s rights principal, interest (including penalty interest, compound interest), default money, damages, the cost of the creditor’s realization of the creditor’s rights, etc.
Guarantee period: three years from the date when the debt performance period under the main contract expires.
4. Cumulative number of outsourced and overdue guarantees
As of the date of this announcement, the company’s actual balance of external guarantees (both are the company’s guarantees to wholly-owned subsidiaries) is 341.67 million yuan, accounting for 16.76% of the company’s latest audited net assets. In addition to the above guarantees, the company and its subsidiaries have no other external guarantees and no overdue guarantees.
Special announcement.
Zhejiang Yonghe Refrigeration Co., Ltd.
Board of Directors
June 23, 2022Return to Sohu, see more
Editor:
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