Securities code: 001267 securities abbreviation: huilv ecological Announcement No.: 2022-006 huilv Ecological Technology Group Co., Ltd
Announcement on guarantee for wholly-owned subsidiaries
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
1、 Overview of guarantee
Huilv Ecological Technology Group Co., Ltd. (hereinafter referred to as “the company”) provided joint and several liability guarantee for the wholly-owned subsidiary huilv garden construction and Development Co., Ltd. (hereinafter referred to as “huilv garden”), and signed the maximum guarantee contract with Industrial And Commercial Bank Of China Limited(601398) Ningbo Beilun branch (hereinafter referred to as ” Industrial And Commercial Bank Of China Limited(601398) Ningbo Beilun branch”), The maximum amount of application shall not exceed RMB 300 million. The principal creditor’s rights guaranteed by the guarantor are from January 27, 2022 to January 27, 2025.
Contract signing date: January 27, 2022
The company held the 19th meeting of the 9th board of directors on March 17, 2021 and the 2020 annual general meeting of shareholders on April 6, 2021, deliberated and approved the proposal on providing guarantee amount for wholly-owned subsidiaries, and agreed that the company would provide guarantee amount for wholly-owned subsidiaries not exceeding RMB 1.2 billion. From the date of deliberation and approval at the 2020 annual general meeting to the 2021 annual general meeting, it can be allocated among subsidiaries according to the needs of the company. The chairman is authorized to sign the guarantee related documents according to the actual needs of the wholly-owned subsidiary.
The cumulative guarantee amount after the signing of this guarantee contract is still within the limit approved by the company’s 2020 annual general meeting of shareholders, and does not need to be submitted to the board of directors and the general meeting of shareholders for deliberation.
2、 Basic information of the guaranteed
Company name: Huilu garden construction and Development Co., Ltd
Date of establishment: August 17, 2001
Registered address: 15th, 17th and 18th floors, building 1, Xinqi good time building, Beilun District, Ningbo City, Zhejiang Province
Legal representative: Li Xiaowei
Registered capital: 280000000 yuan
Main business: landscape engineering design, construction and maintenance; Construction of ancient garden architecture engineering, municipal engineering, urban sculpture and arts and crafts engineering, bridge construction engineering, civil engineering and housing construction engineering; Design and construction of indoor and outdoor decoration engineering; Design and construction of environmental protection engineering; Cultivation and planting of trees and horticultural crops; Water and soil conservation and protection; Installation of indoor power lines and lighting equipment; Installation of electromechanical equipment; Road and square cleaning services, urban planning, tourism planning and design, urban lighting design, road engineering design; Construction of geological disaster prevention and control projects, ecological environment restoration projects, water conservancy and hydropower projects; Engineering consulting services; Breeding, planting, R & D and sales of garden seedlings and flowers.
Equity structure: huilv garden is a wholly-owned subsidiary of huilv ecology with 100% shareholding. Financial data:
Unit: Yuan
Project / year September 30, 2021 December 31, 2020
(Unaudited) (audited)
Total assets 2147124314.37 2125056527.18
Total liabilities 1106198474.55 1133815897.44
Current liabilities 1103759999.55 1133737897.44
Estimated liabilities 78000.00 78000.00
Net assets 1040925839.82 991240629.74
Of which:
Total bank loans 513049370.59 383482178.19
Operating income 466920651.34 800238289.22
Total profit 68083042.84 125659731.14
Net profit 49685210.08 95397797.03
Credit rating: AAA-
The guaranteed party is not a dishonest party, and its operation is stable without affecting its solvency. 3、 Main contents of the guarantee agreement
Guarantee method: joint and several liability guarantee
Guarantee period: from January 27, 2022 to January 27, 2025
Guarantee amount: the maximum amount shall not exceed RMB 300 million (RMB 300 million only)
The warrantee of this guarantee is a wholly-owned subsidiary of the company with 100% shareholding, which does not involve the need for other shareholders to provide guarantee and counter guarantee.
4、 Opinions of the board of directors
After the signing of this guarantee document, the total amount of external guarantee of the company does not exceed the guarantee amount approved by the 2020 annual general meeting of shareholders.
5、 Accumulated external guarantees and overdue guarantees
As of the date of this announcement, the total amount of external guarantee of the company is 852200000 yuan, which are guaranteed by wholly-owned subsidiaries. The total amount of external guarantees accounted for 76.25% of the latest audited net assets of the company’s consolidated statements. The company and its holding subsidiaries did not provide guarantees for units outside the consolidated statements. The company and its holding subsidiaries have not incurred overdue debts and are not involved in litigation risks caused by relevant guarantees.
6、 Other matters to be explained
This contract shall come into force as of the date when it is signed or sealed by all parties. As of the disclosure date of this announcement, Industrial And Commercial Bank Of China Limited(601398) Ningbo Beilun branch has not signed the maximum guarantee contract.
7、 Documents for future reference
1. Resolutions of the 19th meeting of the 9th board of directors;
2. Resolutions of the 2020 annual general meeting of shareholders;
3. The guarantee contract of this guarantee.
It is hereby announced
Board of directors of huilv Ecological Technology Group Co., Ltd. January 27, 2022
