Securities code: 688106 securities abbreviation: Suzhou Jinhong Gas Co.Ltd(688106) Announcement No.: 2022-019 Suzhou Jinhong Gas Co.Ltd(688106)
Announcement on signing daily operation contract
The company and all members of the board of directors guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear legal liabilities for the authenticity, accuracy and integrity of its contents according to law.
Important content tips:
Contract type: electronic bulk gas supply station construction and gas supply contract
Contract amount: according to the calculation of the contract, it is about 1 billion yuan (excluding tax), which shall be subject to the actual situation.
Conditions for effectiveness of the contract: the contract shall come into force from the date of signature and seal by both parties
Contract performance period: from the effective date of the contract to September 30, 2042
Impact on the current performance of listed companies: this transaction belongs to the contract related to the daily business activities of Suzhou Jinhong Gas Co.Ltd(688106) (hereinafter referred to as “the company”). According to the relevant provisions of the contract, the company needs to build an electronic bulk gas supply station and supporting implementation, and is expected to officially supply gas on August 1, 2022. If the supply contract is successfully performed, it will have a positive impact on the company’s current performance and future operating performance, and help to improve the company’s sustainable profitability and core competitiveness. The performance of this contract will not affect the independence of the company’s business and will not rely on the other party of the above contract due to the performance of this contract.
Special risk tips:
1. Performance risk: both parties have the ability to perform the contract, but the contract performance cycle is long. During the performance period, the final implementation will be affected by major changes in the external macro environment, changes in relevant national policies, changes in customer demand and other unforeseen or force majeure factors;
2. Default risk: the contract has made clear provisions on default and disputes. If the company fails to deliver goods or provide services on time or as required due to the company’s reasons during the execution of the contract, the company may bear the risk of default.
1、 Review procedure
The company signed the “electronic bulk gas supply station construction and gas supply contract” with Guangdong xinyueneng Semiconductor Co., Ltd. on February 8, 2022. According to the contract calculation, the contract amount is about RMB 1 billion (excluding tax), which shall be subject to the actual situation. This contract is a daily operating contract of the company, and the company has fulfilled the internal approval procedures for signing the contract. In accordance with the relevant provisions of the Listing Rules of Shanghai Stock Exchange on the science and innovation board and the Suzhou Jinhong Gas Co.Ltd(688106) articles of association, it is not necessary for the company’s board of directors and the general meeting of shareholders to consider and approve.
2、 The subject matter of the contract and the situation of the other party
(I) subject matter of the contract
The company signed the “electronic bulk gas supply station construction and gas supply contract” with Guangdong xinyueneng Semiconductor Co., Ltd. on February 8, 2022 to supply general nitrogen (GN2), high-purity nitrogen (pN2), ordinary oxygen (GO2), high-purity oxygen (PO2), argon (PAR), hydrogen (pH2), helium (PHE), carbon dioxide (PCO2) Electronic bulk gases such as compressed air (CDA) and high pressure compressed air (hpcda). According to the calculation of the contract, the contract amount is about 1 billion yuan (excluding tax), which shall be subject to the actual situation. (II) information of the other party to the contract
Enterprise name: Guangdong xinyueneng Semiconductor Co., Ltd
Nature of enterprise: limited liability company
Legal representative: Xu Wei
Registered capital: 400 million yuan
Date of establishment: May 17, 2021
Address: Room 6, room 103, No. 2, Jinmao West 2nd Street, Huangge Town, Nansha District, Guangzhou (office only)
Main business: integrated circuit design; Integrated circuit manufacturing; Integrated circuit chip and product manufacturing; IC chip design and services; Sales of integrated circuit chips and products; Semiconductor discrete device manufacturing; Sales of semiconductor discrete devices; Manufacturing of power electronic components; Integrated circuit sales; Sales of power electronic components. Major shareholders: Guangdong xinjuneng Semiconductor Co., Ltd. holds 40.00%, Weirui electric vehicle technology (Ningbo) Co., Ltd. holds 40.00%, and Guangzhou Xinhe technology investment partnership (limited partnership) holds 20.00%. Due to the confidentiality of the other party’s information, it is impossible to provide the main financial data of the latest fiscal year.
(III) description of related relationship: there is no related relationship between the company and its holding subsidiaries and Guangdong core YUENENG Semiconductor Co., Ltd.
(IV) transactions between the company and the counterparty in the last three fiscal years
The company and its holding subsidiaries have no other business dealings with Guangdong core YUENENG Semiconductor Co., Ltd. in the last three fiscal years.
3、 Main terms of the contract
(I) contract amount: according to the calculation of the contract, it is about RMB 1 billion (excluding tax), which shall be subject to the actual situation;
(II) payment method and payment schedule: according to the payment conditions and progress agreed in the contract, the other party of the contract shall pay the corresponding amount regularly;
(III) place of performance: the designated site in the factory of the other party;
(IV) performance period: from the effective date of the contract to September 30, 2042;
(V) effective conditions: the contract shall come into force from the date of signing and sealing by both parties;
(VI) signing time: February 8, 2022;
(VII) liability for breach of contract: during the execution of the contract, there is a risk that the company will bear the liability for breach of contract due to the company’s failure to supply goods or provide services on time and as required;
(VIII) any dispute arising from or in connection with the performance of this contract shall be settled amicably. If both parties fail to reach an agreement on the dispute through negotiation, either party may submit the dispute to the South China Office of the arbitration court of China International Economic and Trade Arbitration Commission for arbitration.
4、 The impact of contract performance on Listed Companies
(I) this transaction belongs to the contract related to the company’s daily business activities. According to the relevant provisions of the contract, the company needs to build an electronic bulk gas supply station and supporting implementation, and it is expected to officially supply gas on August 1, 2022. If the supply contract is successfully performed, it will have a positive impact on the company’s current performance and future operating performance, and help to improve the company’s sustainable profitability and core competitiveness.
(II) the performance of this contract will not affect the independence of the company’s business and will not rely on the other party of the above contract due to the performance of this contract.
5、 Risk analysis of contract performance
(I) performance risk: both parties to the contract have the ability to perform the contract, but the contract performance cycle is long. During the performance period, the final performance will be affected by major changes in the external macro environment, changes in relevant national policies, changes in customer demand and other unforeseen or force majeure factors;
(II) risk of breach of contract: the contract has made clear provisions on breach of contract and disputes. If the company fails to deliver goods or provide services on time or as required due to the company’s reasons during the execution of the contract, the company may bear the risk of breach of contract.
It is hereby announced.
Suzhou Jinhong Gas Co.Ltd(688106) board of directors February 9, 2022
