Securities code: 688058 securities abbreviation: Beijing Baolande Software Corporation(688058) Announcement No.: 2022-013 Beijing Baolande Software Corporation(688058)
Announcement on foreign investment and establishment of wholly-owned subsidiaries
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 legal responsibility for the authenticity, accuracy and integrity of its contents according to law.
Important content tips:
Name of the proposed wholly-owned subsidiary: Xinjiang Beijing Baolande Software Corporation(688058) Software Technology Co., Ltd. (tentative name, subject to the name approved by the administrative department for Industry and Commerce)
Registered capital: no more than 10 million yuan.
As of the date of disclosure of this announcement, the above wholly-owned subsidiaries have not been established. The name, registered address, business scope and other information of the wholly-owned subsidiary need to be finally approved by the local administrative department for Industry and commerce.
Beijing Baolande Software Corporation(688058) (hereinafter referred to as “the company”) held the 8th meeting of the third board of directors on February 11, 2022, deliberated and adopted the proposal on the establishment of wholly-owned subsidiaries by the company’s foreign investment. The relevant matters are hereby announced as follows:
1、 Overview of the proposed wholly-owned subsidiary
The purpose of this foreign investment to establish a wholly-owned subsidiary is to realize the company’s development strategic layout, seize the development opportunities of information technology application in the government market, and continuously expand the company’s market share in the party and government, telecommunications, finance and other industries, so as to improve the company’s sustainable development and profitability.
According to the relevant provisions of the Listing Rules of Shanghai Stock Exchange on the science and innovation board and the articles of association, this foreign investment in the establishment of a wholly-owned subsidiary does not need to be submitted to the general meeting of shareholders for deliberation, does not involve related party transactions, and does not constitute a major asset reorganization as stipulated in the administrative measures for major asset reorganization of listed companies.
2、 Basic information of the proposed wholly-owned subsidiary
1. Name: Xinjiang Beijing Baolande Software Corporation(688058) Software Technology Co., Ltd. (tentative name, subject to the name approved by the administrative department for Industry and Commerce)
2. Registered address: Urumqi, Xinjiang Uygur Autonomous Region
3. Registered capital: no more than 10 million yuan
4. Business scope: technology development, technical consultation, technical service and technology transfer; Import and export of goods, import and export agency, technology import and export; Sales of computers, software and auxiliary equipment, electronic products; Computer system operation and maintenance services; Professional contracting.
5. Company type: limited company
6. Source of funds: self owned funds
7. Ownership structure: Beijing Baolande Software Corporation(688058) holding 100%
The above information shall be subject to the registration and filing approved by the administrative department for Industry and commerce.
3、 Impact of the proposed subsidiary on the company
This investment to establish a wholly-owned subsidiary is a prudent decision made by the board of directors of the company based on the company’s development strategy and long-term interests. It plans to further improve the localization system through the localization of R & D, sales and service system, obtain regional market competitive advantages, and use its own funds for investment, which will not have an adverse impact on the company’s financial and operating conditions, There is no situation that damages the interests of the company and its shareholders, especially the minority shareholders.
4、 Risk analysis of the proposed wholly-owned subsidiary
The establishment of subsidiaries requires the approval of the local administrative department for Industry and commerce. After the establishment, there are certain market risks, operational risks and management risks in the business development. The company will constantly improve the internal control system, strengthen the risk prevention operation mechanism, rely on the management experience accumulated in the early stage, improve the management ability and operation efficiency, so as to continuously adapt to the business requirements and market changes, and actively prevent and respond to the above risks.
It is hereby announced.
Beijing Baolande Software Corporation(688058) board of directors February 14, 2022
