Securities code: 600933 securities abbreviation: Ikd Co.Ltd(600933) Announcement No.: pro 2022-015 Ikd Co.Ltd(600933)
Announcement on signing investment agreement
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
Important content tips:
According to the planning of the overall strategic layout of Ikd Co.Ltd(600933) (hereinafter referred to as “the company” or “the company” or ” Ikd Co.Ltd(600933) “) and the needs of business development, the company plans to sign the investment agreement (hereinafter referred to as “the agreement”) with the Management Committee of Anhui Hanshan economic development zone. The company plans to build the intelligent manufacturing project of three electricity system parts and auto structural parts of new energy vehicles in Anhui Hanshan Economic Development Zone by stages.
Risk tips:
1. The investment project agreed in this agreement is still in the initial stage, and the specific implementation time, steps and scope may change.
2. There are a series of factors such as the uncertainty of the project approval process and the feasibility of the project before the approval process of the government.
3. The substantive investment of the project agreed in this agreement still needs to perform the internal investment decision-making procedures in accordance with relevant laws and regulations and the articles of association.
4. Matters not covered in this agreement will be discussed and agreed separately. The performance of the agreement in the future may be affected by national policies, laws and regulations, industry macro environment and other aspects, and there is still uncertainty risk. The company will perform the obligation of information disclosure in a timely manner in strict accordance with relevant regulations.
5. The implementation of this investment agreement does not have a significant impact on the company’s financial status and operating results in 2022; The impact on the future annual operating performance depends on the implementation and implementation of specific projects.
This foreign investment does not constitute a related party transaction or a major asset reorganization stipulated in the administrative measures for major asset reorganization of listed companies.
1、 Overview of foreign investment
On February 10, 2022, Ikd Co.Ltd(600933) signed the investment agreement with the Management Committee of Anhui Hanshan economic development zone. The company plans to build the intelligent manufacturing project of three electricity system parts and auto structural parts of new energy vehicles in Anhui Hanshan Economic Development Zone by stages.
2、 Main contents of investment agreement
1. The project construction land agreed in the agreement is located in Anhui Hanshan economic development zone. The specific investment amount shall be subject to the project feasibility study report and the amount approved by the company after performing relevant internal investment decision-making procedures.
2. The total planned land under the agreement project is about 330 mu. The project is planned at one time and constructed by stages. The project plans to purchase new equipment or production lines such as fully automatic die-casting unit and processing and assembly unit for the production of aluminum alloy products and their supporting mold design and manufacturing, intelligent equipment design and manufacturing. The main products are aluminum alloy parts and automobile structural parts of new energy vehicle battery system unit, motor system unit, electronic control system unit, etc. In order to support the company’s follow-up projects, about 304 mu of land is reserved, and the reserved time shall not exceed two years from the date of implementation of the land index of the plot.
3. After signing the agreement, the company will register and establish a project company in Anhui Hanshan Economic Development Zone as the subject of project implementation.
3、 Impact on Listed Companies
In recent years, on the basis of large multinational auto parts suppliers, the company’s customer structure has been continuously expanded to new energy main engine plants, and the product structure has been continuously extended from small and medium-sized parts to core parts and structural parts of three electricity system of new energy vehicles. With the continuous increase of orders and the gradual implementation of new projects, the company needs to expand capacity reserves to meet the development needs of the company’s business. The company’s investment in building a production base in Anhui this time can improve the response speed, enhance customer stickiness, effectively reduce the production and transportation costs of products, and provide better services for customers; At the same time, it can also provide sufficient resource guarantee for the future development of the company. Contribute to the development of new energy vehicles and serve the national “double carbon goal”.
At present, the project is still in the planned implementation stage and will not have a significant impact on the company’s financial situation and operating results in the short term.
4、 Risk disclosure
1. The investment project agreed in this agreement is still in the initial stage, and the specific implementation time, steps and scope may change.
2. The project described in the agreement has not been subject to a series of pre-approval procedures such as feasibility study, project approval or filing, environmental impact assessment, and subject to government land supply and other factors, there is a certain degree of uncertainty in the project implementation process.
3. The substantive investment of the project agreed in this agreement still needs to perform the internal investment decision-making procedures in accordance with relevant laws and regulations and the articles of association.
4. Matters not covered in this agreement will be discussed and agreed separately. The performance of the agreement in the future may be affected by national policies, laws and regulations, industry macro environment and other aspects, and there is still uncertainty risk. The company will perform the obligation of information disclosure in a timely manner in strict accordance with relevant regulations.
5. The implementation of this investment agreement does not have a significant impact on the company’s financial status and operating results in 2022; The impact on the operating performance of the future year depends on the signing and implementation of the specific cooperation agreement.
6. The source of investment funds for the project is self owned / self raised funds, or financing funds in other ways. If equity financing is adopted, there is a risk that the financing progress does not meet expectations, resulting in the delay of project implementation. If it is financed through bank loans, there is a risk of rising financing costs due to changes in loan policies, interest rate fluctuations and other factors.
The company will disclose the progress announcement in time according to the follow-up progress, and invite investors to pay attention to investment risks. It is hereby announced.
Ikd Co.Ltd(600933) board of directors February 11, 2022
