Securities code: 002366 securities abbreviation: Taihai Manoir Nuclear Equipment Co.Ltd(002366) Announcement No.: 2022-005 Taihai Manoir Nuclear Equipment Co.Ltd(002366)
Announcement on the progress of litigation
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.
Taihai Manoir Nuclear Equipment Co.Ltd(002366) (hereinafter referred to as “the company” or ” Taihai Manoir Nuclear Equipment Co.Ltd(002366) “) recently received the civil judgment and other materials from Deyang Jingyang District People’s court transferred by Deyang Taihai nuclear energy equipment Co., Ltd. (hereinafter referred to as “Deyang Taihai”), a secondary holding subsidiary. Now the relevant information is announced as follows: I. progress of the lawsuit
Recently, the company received the civil judgment of Deyang Jingyang District People’s Court (2021) Chuan 0603 min Chu 7230 transferred from Deyang Taiwan Strait. This case is a dispute over the loan contract between Industrial And Commercial Bank Of China Limited(601398) Deyang Branch (hereinafter referred to as “Deyang Branch of ICBC”) and Deyang Taiwan Strait, For details, see the announcement on new litigation of secondary holding subsidiaries (Announcement No.: 2021-078) disclosed by the company on November 24, 2021. At present, the people’s Court of Jingyang District, Deyang City has made a judgment as follows:
1. The defendant Deyang Taihai returned the loan principal of RMB 31251472.37 and the interest of RMB 963220.75 as of December 20, 2021 to Deyang Branch of ICBC within 10 days from the effective date of this judgment, and continued to pay the subsequent interest. The calculation method of interest is as follows: (1) based on the principal of 9251472.37 yuan, from December 21, 2021 to the payment date determined in this judgment, in accordance with the extension agreement (No.:
0230500012-2020 (Zhan) Zi No. 0003, 0006, 0007 and 0013) will be calculated by floating the interest rate by 50%; (2) Based on the principal of 19.5 million.00 yuan, from December 21, 2021 to the date of payment determined in this judgment, it is calculated by floating 50% up the interest rate agreed in the extension agreement (No.: 0230500012-2020 (Zhan) Zi No. 0009); (3) Based on the principal of 2500000.00 yuan, from December 21, 2021 to the date of payment determined in this judgment, it is calculated by floating 50% above the interest rate agreed in the extension agreement (No.: 0230500012-2020 (Zhan) Zi 00010). If the principal is not paid on the date of payment determined in this judgment, the above interest shall be calculated until the date of payment of the principal (the part exceeding 24% of the annual interest in the calculation shall be limited to 24% of the annual interest);
2. The plaintiff’s industrial real estate and state-owned land use right of Deyang Branch of Industrial Bank of China registered in the name of the defendant depinghai for the construction in progress of No. 1-1 plant of Forging Branch of nuclear power equipment expansion project at No. 46, section 3, Minshan Road, Deyang City (Land Use Certificate No.: dfgy (2013) No. 11553, land mortgage registration certificate No.: dsgttk (2014) No. 00619 The mortgage registration certificate No. of the project under construction: Dfj Deyang Shi Zi No. d0031656) has the priority to be repaid within the range of 89089000.00 yuan.
3. Deyang Branch of industrial and Commercial Bank of China, the plaintiff, has the priority to be compensated for the price of the project under construction (mortgage registration certificate No. of the project under construction: Dfj Deyang Shi Zi No. d0038408) registered in the name of the defendant de balcony sea and located at No. 4-1 experimental building of nuclear power equipment expansion project, section 3, Minshan Road, Deyang City, within the range of 44650000.00 yuan.
4. The defendant Taihai Manoir Nuclear Equipment Co.Ltd(002366) shall be jointly and severally liable for the debt determined in the first judgment above within the maximum amount of 45000000.00 yuan.
5. The defendant Chen Yong shall be jointly and severally liable for the debts determined in the first judgment above within the maximum amount of 45000000.00 yuan.
If the obligation to pay money is not performed within the period specified in this judgment, the debt interest during the period of delayed performance shall be doubled in accordance with Article 253 of the Civil Procedure Law of the people’s Republic of China. The case acceptance fee of 198362.00 yuan shall be jointly borne by the defendants Deyang Taihai, Taihai Manoir Nuclear Equipment Co.Ltd(002366) and Chen Yong.
If you are not satisfied with this judgment, you can submit the above petition to the court within 15 days from the date of service of the judgment, and submit copies according to the number of the other party, which shall be submitted to the intermediate people’s Court of Deyang City, Sichuan Province.
2、 Are there any other undisclosed litigation and arbitration matters
As of the announcement date, the company and its subsidiaries have no other major litigation and arbitration matters that should be disclosed but not disclosed. If the company obtains other documents related to major litigation and arbitration, it will timely perform the obligation of information disclosure.
3、 Impact of this lawsuit on the company
1. The company has hired a professional lawyer team to respond to the lawsuit, strive to solve relevant litigation matters as soon as possible, claim its own legitimate rights and interests according to law, and safeguard the interests of the company and shareholders. The company will accelerate debt restructuring, strengthen communication and consultation with relevant parties, properly solve litigation matters and maintain the stable operation of the company.
2. In view of the company’s current large number of litigation cases and large cumulative amount, litigation matters will lead to the decline of the company’s financing capacity, aggravate the company’s capital shortage and affect some businesses of the company. Due to litigation and arbitration, the company faces risks such as bank accounts being frozen, assets being sealed up and auctioned, which may have a certain impact on daily production and operation.
3. The company’s controlling shareholder Yantai Taihai Group Co., Ltd. and its first-class wholly-owned subsidiary Yantai Taihai Manuer Nuclear Power Equipment Co., Ltd. have entered the bankruptcy and reorganization proceedings. At present, the bankruptcy and reorganization plan has not been determined, and the process and results are uncertain. The company will continue to pay attention to the progress of the above matters and actively safeguard the rights of the company and its shareholders, And timely fulfill the obligation of information disclosure in accordance with relevant laws and regulations.
4. The company has been applied to the court for bankruptcy reorganization by its creditors. As of the date of announcement, the court has not ruled to accept the application for bankruptcy reorganization. Whether the company’s application for reorganization has been accepted and whether the company will be followed up in a timely manner will be determined by the court. If the court decides to accept the reorganization application of the company, the company will cooperate with the court and the manager to carry out relevant reorganization work according to law, and perform the legal obligations of the debtor according to law. Meanwhile, according to item (VII) of article 9.4.1 of the Listing Rules of Shenzhen Stock Exchange (revised in 2022), Shenzhen Stock Exchange will implement delisting risk warning for the company’s shares. If the company successfully implements the reorganization and completes the reorganization plan, it will be conducive to optimizing the company’s asset liability structure and improving the company’s sustainable operation and profitability; If the reorganization fails, the company will be declared bankrupt. If the company is declared bankrupt, the company’s shares will face the risk of delisting according to item (VI) of article 9.4.17 of the Listing Rules of Shenzhen Stock Exchange (revised in 2022). Please pay attention to investment risks.
The information disclosure media selected by the company are China Securities News, securities times, Securities Daily, Shanghai Securities News and http://www.cn.info.com.cn. All information of the company shall be subject to the information disclosed in the above media. Please pay attention to relevant announcements and pay attention to investment risks.
4、 Documents for future reference
1. Civil judgment of Deyang Jingyang District People’s court.
It is hereby announced.
Taihai Manoir Nuclear Equipment Co.Ltd(002366) board of directors
February 11, 2022
