Securities code: 002812 stock abbreviation: Yunnan Energy New Material Co.Ltd(002812) Announcement No.: 2022-025 bond Code: 128095 bond abbreviation: Enjie convertible bonds
Yunnan Energy New Material Co.Ltd(002812)
Progress announcement on the reconstruction and expansion project of Hongta plastic BOPP film, a wholly-owned subsidiary
The company and all directors guarantee that the contents of this announcement are true, accurate and complete without false records, misleading statements or major omissions.
1、 Overview of foreign investment
Yunnan Energy New Material Co.Ltd(002812) (hereinafter referred to as "the company") held the 33rd meeting of the third board of directors on July 30, 2019, deliberated and adopted the proposal on the reconstruction and expansion project of Hongta plastic BOPP film, a wholly-owned subsidiary, In order to meet the requirements of Yuxi Municipal government and Yuxi high tech Industrial Development Zone Management Committee (hereinafter referred to as "Yuxi high tech Zone Management Committee") on the positioning adjustment and regional development planning of the south area of Yuxi high tech Zone, It is agreed that Yunnan Hongta Plastic Co., Ltd. (hereinafter referred to as "Hongta plastic"), a wholly-owned subsidiary of the company, will relocate the existing BOPP film production project to Jiulong area of Yuxi high tech Industrial Development Zone, Yunnan Province, and invest in the construction of 70000 ton BOPP film reconstruction and expansion project in this area in accordance with the policy of "retreat from two to three" implemented by Yuxi Municipal government and Yuxi high tech Zone Management Committee, The project plans to relocate the original two BOPP film production lines to the new plant site, and add one BOPP film production line and supporting equipment. The total investment of the project is RMB 360 million, which is solved through self owned funds and self raised funds. For details, please refer to China Securities News, Shanghai Securities News, Securities Daily, securities times and cninfo (www.cn. Info. Com. CN.) published by the company on July 31, 2019 Announcement on the reconstruction and expansion project of Hongta plastic BOPP film, a wholly-owned subsidiary (Announcement No.: 2019-106).
On April 23, 2021, the Management Committee of Yuxi high tech Zone, the company and Hongta plastic signed the supplementary agreement on the reconstruction and expansion project of BOPP film with an annual output of 70000 tons. For details, see the progress announcement on the reconstruction and expansion project of Hongta plastic BOPP film, a wholly-owned subsidiary of the company, published on the designated information disclosure media on April 23, 2021 (Announcement No.: 2021-070).
2、 Progress of this transaction
On February 11, 2022, the Management Committee of Yuxi high tech Zone and Hongta plastic signed the land investment agreement for new projects of BOPP film project with respect to the new 20 mu project land for the construction of production warehouses and auxiliary houses. The main contents are as follows:
Securities code: 002812 stock abbreviation: Yunnan Energy New Material Co.Ltd(002812) Announcement No.: 2022-025 bond Code: 128095 bond abbreviation: Enjie convertible bonds
1. The industrial land area of the project is about 20 mu, which is located in Jiulong area of Yuxi high tech Zone. (for details, the survey and delimitation area of the intermediary shall prevail).
2. The land use right of the project is obtained by means of paid transfer, and the specific method and process of transfer shall be implemented in accordance with the relevant laws and regulations of "bidding, auction and hanging" of land. Hongta plastic shall participate in the "bidding, auction and listing" transfer of the state-owned land use right of the project land on time, and pay the land transfer price in full according to the contract for the transfer of state-owned land use right.
3. This Agreement shall come into force as of the date when it is signed and sealed by both parties.
3、 Risk tips
1. The funds of the project are solved through self owned funds and self raised funds, which will reduce the company's cash flow and increase financial risks.
2. The investment of the project is based on the company's judgment on the market prospect of BOPP film industry, but there are certain uncertainties in the development trend of the industry, the changes of market conditions and the business expansion ability of the management team, which will have an uncertain impact on the realization of future business benefits.
3. The land bidding, auction and listing, project establishment, environmental assessment, planning, land use, construction and other approval matters required for the commencement of construction and production and operation of the project still need to be approved by the relevant competent authorities.
4. Due to the long project cycle, it takes a long time to produce benefits. In addition, due to the influence of many uncertain factors, there is some uncertainty in the construction and use effect of the project.
The board of directors of the company will continue to pay attention to the progress and timely fulfill the obligation of information disclosure in accordance with the provisions of relevant laws and regulations. Please pay attention to relevant announcements and pay attention to investment risks.
4、 Documents for future reference
1. Land investment agreement for new projects of BOPP film project signed by Yuxi high tech Zone Management Committee and Hongta plastic
It is hereby announced.
Yunnan Energy New Material Co.Ltd(002812) board of directors February 11, 2002
