Securities code: 000069 securities abbreviation: OCT a Announcement No.: 2022-05 Shenzhen Overseas Chinese Town Co.Ltd(000069)
Announcement on adjusting the guarantee amount between subsidiaries
The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete without false records, misleading statements or major omissions.
1、 Overview of guarantee
Shenzhen Overseas Chinese Town Co.Ltd(000069) (hereinafter referred to as "the company") held the fourth meeting of the eighth board of directors on March 26, 2021, and deliberated and adopted the proposal on the amount of guarantee to be provided by the company and its holding subsidiaries for holding and participating companies in 2021-2022, It is agreed that the company and its holding subsidiaries will provide a total loan guarantee of no more than 50.538 billion yuan for the participating and holding companies in 2021-2022. Under the condition of not exceeding the total amount of the above guarantee, the board of directors of the company is authorized to delegate the authorization to the management of the company to adjust the available guarantee amount between qualified guarantee objects according to the actual operation.
In order to meet the business development needs of the subsidiary, the unused guarantee amount of RMB 250 million of the holding company Guangzhou OCT Cultural Tourism Town Investment Co., Ltd. and RMB 150 million of the holding company Shenzhen merchants OCT Investment Co., Ltd. were transferred to the wholly-owned company Zhongshan OCT Industrial Development Co., Ltd. The amount of this adjustment accounts for 0.51% of the company's latest audited net assets. After the adjustment, the amount of guarantee provided by the company for Zhongshan OCT Industrial Development Co., Ltd. was adjusted from 500 million yuan to 900 million yuan, the amount of guarantee provided by the company for Guangzhou OCT Cultural Tourism Town Investment Co., Ltd. was adjusted from 300 million yuan to 50 million yuan, and the amount of guarantee provided by the company for Shenzhen merchants OCT Investment Co., Ltd. was adjusted from 150 million yuan to 0 billion yuan.
The above-mentioned transfer guarantee has been approved by the company's management.
2、 Basic information of the guaranteed
Zhongshan OCT Industrial Development Co., Ltd. is the holding company of the company. The company was founded in September 2018 and registered in Shiqi District, Zhongshan City, Guangdong Province. Its legal representative is Feng Hui, with a registered capital of 1 billion yuan. Its main business is to invest and start industry; Real estate development and operation; Urban park management; Entrepreneurship space services; Property management, etc. By the end of November 2021, the company had total assets of 3.057 billion yuan and total liabilities of 2.077 billion yuan (including total bank loans of 228 million yuan and current liabilities of 1.826 billion yuan), asset liability ratio of 68% and net assets of 980 million yuan. By the end of November 2021, the company had no major contingencies (including guarantee, mortgage, litigation and arbitration matters).
3、 Main contents of the guarantee agreement
The company provides guarantee for Zhongshan OCT Industrial Development Co., Ltd. to use the fixed asset loan of Shenzhen Branch of China Development Bank, with the guarantee amount not exceeding 400 million yuan.
4、 Management opinion
The company's adjusted guarantee amount is within the scope authorized by the general meeting of shareholders, which supports the normal operation and development of Qunsheng Development Co., Ltd., helps to meet the production and operation capital needs of Qunsheng Development Co., Ltd., and promotes its business development; The guaranteed object is the holding subsidiary of the company, with controllable financial risk and actual debt repayment ability; The internal adjustment of the guarantee amount complies with the provisions of relevant laws and regulations and the authorization of the company's 2020 annual general meeting of shareholders, and there is no situation that damages the interests of the company's shareholders, especially small and medium-sized investors.
5、 Accumulated external guarantees and overdue guarantees
As of January 31, 2022, the total guarantee amount of the company and its holding subsidiaries was 50.069 billion yuan, accounting for 63.87% of the company's latest audited net assets. There is no overdue guarantee amount, the guarantee amount involved in litigation and the amount of loss due to the judgment of losing the guarantee.
It is hereby announced.
Shenzhen Overseas Chinese Town Co.Ltd(000069) board of directors
February 16, 2002
