Securities code: 000736 securities abbreviation: Cccg Real Estate Corporation Limited(000736) Announcement No.: 2022-010
Bond Code: 114438 bond abbreviation: 19 CCCC 01
Bond Code: 114547 bond abbreviation: 19 CCCC bond
Bond Code: 149192 bond abbreviation: 20 CCCC bond
Bond Code: 149610 bond abbreviation: 21 CCCC bond
Cccg Real Estate Corporation Limited(000736)
Announcement on the progress of providing guarantee for the project company
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.
Special risk tips:
The total amount of external guarantee of Cccg Real Estate Corporation Limited(000736) (hereinafter referred to as “our company”) and its holding subsidiaries has exceeded 100% of the net assets returned to the parent in the latest audit, the amount of guarantee for units with asset liability ratio of more than 70% has exceeded 50% of the net assets returned to the parent in the latest audit, and the amount of guarantee for units outside the consolidated statements has exceeded 30% of the net assets returned to the parent in the latest audit, Investors are requested to pay full attention to the guarantee risk.
1、 Overview of guarantee progress
Shenzhen CCCC Real Estate Co., Ltd., a wholly-owned subsidiary of Cccg Real Estate Corporation Limited(000736) (hereinafter referred to as “our company”), holds 99.95% equity of Huizhou CCCC Yasong Real Estate Co., Ltd. (hereinafter referred to as “Huizhou CCCC Yasong”). Due to business needs, Huizhou CCCC Yasong applied for a loan of 60 million yuan from China Construction Bank Corporation(601939) Huizhou Branch. Our company signed the guarantee contract with China Construction Bank Corporation(601939) Huizhou Branch, and our company provided joint and several liability guarantee to China Construction Bank Corporation(601939) Huizhou Branch according to the shareholding ratio of 99.95%. The guarantee does not exceed 599.7 million yuan, and Huizhou Yasong business management partnership (limited partnership), another shareholder of Huizhou CCCC Yasong, provides corresponding joint and several liability guarantee according to its shareholding ratio. Huizhou CCCC Yasong provides counter guarantee for the guarantee provided by our company. Our company held the 77th meeting of the 8th board of directors on December 14, 2021 and the 16th extraordinary general meeting of shareholders in 2021 on December 30, 2021, and deliberated and adopted the proposal on providing guarantee amount for the project company. In 2022, our company added a total of 14.759 billion yuan to the holding subsidiary, of which, The amount of guarantee increased by 14.089 billion yuan to holding subsidiaries with asset liability ratio of more than 70%, and 670 million yuan to holding subsidiaries with asset liability ratio of less than 70%.
Our company provides joint and several liability guarantee for Huizhou CCCC Yasong this time. The guarantee does not exceed 599.7 million yuan and does not exceed the approved guarantee amount. It does not need to be submitted to the board of directors and the general meeting of shareholders for deliberation.
See the following table for the guarantee and the use of guarantee amount (unit: 10000 yuan):
After approval, the guarantee can be used. Before this guarantee, the guarantee can be used. After this guarantee, the remaining guarantee can be used
category
Amount of guarantee used amount of guarantee used amount of guarantee
Asset liability ratio 70%
1,408,900 99,960 59,970 159,930 1,248,970
The holding subsidiary’s asset liability ratio is 70%
67,000 0 0 0 67,000
Holding subsidiaries under
Joint venture or associated enterprise 394520 0 0 394520
Total 1870420 99960 59970 159930 1710490
2、 Basic information of the guaranteed
Company name: Huizhou CCCC Yasong Real Estate Co., Ltd
Date of establishment: June 21, 2021
Registered capital: 100 million yuan
Legal representative: Wang Jian
Registered address: No. 1, block 4, Zhongyuan 1st Road, Jiucun neighborhood committee, Luoyang street, BOLUO county (office only)
Business scope: real estate development and operation; Parking service; estate management; Real estate consulting; Information consulting services (excluding licensed information consulting services); Housing lease; Engaging in investment activities with its own funds; Sales of building materials; Sales of construction machinery. (for projects subject to approval according to law, business activities can be carried out only after approval by relevant departments)
Shareholder composition: Shenzhen CCCC Real Estate Co., Ltd., a wholly-owned subsidiary of our company, holds 99.95% of the shares, and Huizhou Yasong business management partnership (limited partnership) holds 0.05% of the shares. Huizhou CCCC Yasong has no relationship with our company and is not the person subject to execution for dishonesty.
Huizhou CCCC Yasong is in normal condition, and the latest financial indicators are as follows:
Unit: 10000 yuan
Total assets, total liabilities, net assets, total operating income, total profit, net profit
End of September 2021 / 99765.24 89787.23 9978.01 0 -26.62 -21.99 January September 2021
3、 Main contents of guarantee contract
Guarantor: Cccg Real Estate Corporation Limited(000736)
Creditor: Huizhou Branch
Debtor: Huizhou CCCC Yasong Real Estate Co., Ltd
1. Guarantee scope: the principal under the main contract is 599.7 million yuan and interest, liquidated damages, compensation, etc.
2. Guarantee mode: joint and several liability guarantee.
3. Guarantee period: from the effective date of the contract to three years after the expiration of the debt performance period under the main contract. If the Guarantor agrees to the extension of the debt, the guarantee period shall end three years after the expiration of the debt performance period re agreed in the extension agreement.
If the creditor announces the early maturity of the debt according to the main contract, the guarantee period shall end three years after the early maturity date announced by the creditor. If the debts under the main contract are performed by stages, the guarantee period for each debt is three years after the expiration of the last debt performance period.
4、 Opinions of the board of directors
This time, our company provides guarantee for Huizhou CCCC Yasong, which is conducive to ensuring the capital demand for the construction of Huizhou CCCC Yasong project, which is in line with our overall interests; Huizhou CCCC Yasong is in normal operation and has the ability to repay its due debts; Our company has control over the consolidated financial statements of Huizhou CCCC Yasong, its operation and financial decision-making, and the financial risk is controllable; Another shareholder of Huizhou CCCC Yasong, Huizhou Yasong business management partnership (limited partnership), provides guarantee according to the shareholding ratio and the same conditions. Huizhou CCCC Yasong provides counter guarantee to our company, and the guarantee risk is controllable.
5、 Cumulative external guarantee quantity
As of December 31, 2021, the external guarantee of our company is as follows: the guarantee balance provided for holding subsidiaries and holding subsidiaries is 13737.487 million yuan, accounting for 448.73% of the net assets attributable to the parent company at the end of 2020. The guarantee balance of joint-stock companies not within the scope of the consolidated statements was 2991.7072 million yuan, accounting for 97.72% of the net assets attributable to the parent company at the end of 2020. No overdue guarantee or litigation related guarantee.
6、 Documents for future reference 1. Resolutions of the 77th meeting of the 8th board of directors. 2. Resolution of the 16th General Meeting of shareholders in 2021. 3. Guarantee contract. It is hereby announced.
Cccg Real Estate Corporation Limited(000736) February 7, 2022
