Securities code: 688365 securities abbreviation: Hangzhou Raycloud Technology Co.Ltd(688365) Announcement No.: 2022-002 Hangzhou Raycloud Technology Co.Ltd(688365) about
Announcement of mortgage loan with self owned assets
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.
Hangzhou Raycloud Technology Co.Ltd(688365) (hereinafter referred to as “the company”) held the 26th meeting of the second board of directors on November 19, 2021, deliberated and adopted the proposal on the company’s mortgage loan with its own assets. The company takes its own land use right located in the southeast corner of the intersection of planned jianta road and planned Binpu Road, Puyan street, Binjiang District, Hangzhou as collateral, and applies to the commercial bank for a loan limit of no more than 150 million yuan to provide financial guarantee for the self built SaaS R & D and production base, with a loan term of no more than 8 years. The amount, term and interest rate of each loan within the final loan limit shall be subject to the contract signed with the bank.
Recently, the company signed the maximum mortgage contract and fixed assets loan contract with Agricultural Bank Of China Limited(601288) Hangzhou Binjiang sub branch. The relevant matters are hereby announced as follows:
1、 Basic information
In order to meet the needs of SaaS R & D and production base construction, further broaden financing channels, reduce financing costs and promote the operation and development of the company. The company uses its own land use right as collateral and applies to the commercial bank for a loan limit of no more than RMB 150 million. The amount, term and interest rate of each loan within the final loan limit shall be subject to the Contract negotiated and signed with the bank. The details are as follows:
1. Borrower: Hangzhou Raycloud Technology Co.Ltd(688365)
2. Lender: Agricultural Bank Of China Limited(601288) Hangzhou Binjiang sub branch
3. Loan limit: up to 150 million yuan
4. Loan term: the total loan term is 8 years
5. Loan interest rate: floating interest rate, which is determined according to the agreed LPR plus or minus a certain point difference in each cycle, and fluctuates according to the cycle. Under this contract, the interest rate adjustment takes twelve months as a cycle, the point spread is minus fifteen BP (1bp = 0.01%), and the point spread remains unchanged during the loan term. The loan period shall be re executed on the first day of the loan period of more than 5 years (the first day of the loan period of more than 5 years before LPR), and the execution period shall be determined according to the first day of the loan period of more than 5 years before LPR. If there is no corresponding day of the loan withdrawal date, the last day of the month shall be regarded as the corresponding day.
6. Loan collateral: the self owned assets to be mortgaged this time are as follows:
Land area and location Certificate No. asset category of the assets to be mortgaged
The land use right is 13358 square meters for state-owned construction. Zhejiang (2020), Puyan street, Binjiang District, Hangzhou. No. 0230810, southeast corner of the intersection of Guihua jianta road and Guihua real estate property right No. Binpu Road, Hangzhou land use right road
7. Authorization matters: the chairman of the company and his or her authorized representative are authorized to sign loan agreements, guarantee agreements and other relevant documents (including amendments and supplements to such documents) with relevant banks within the above loan limit and loan period, and the authorization period is until the above matters are handled.
The mortgage loan of self owned assets does not need to be submitted to the general meeting of shareholders for deliberation.
2、 Impact on the company
The company applies for mortgage loan with its own land use right to provide financial guarantee for the self built SaaS R & D and production base. The financial risk is within the scope of effective control and will not damage the interests of the company and shareholders.
It is hereby announced.
Hangzhou Raycloud Technology Co.Ltd(688365) board of directors
February 16, 2022
