Securities abbreviation: Yichang technology securities code: 002420 Announcement No.: 2022-005 Guangzhou Echom Sci.&Tech.Co.Ltd(002420)
Announcement on guarantee provided by wholly-owned subsidiaries for the company
The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete, and are liable for false records, misleading statements or major omissions in the announcement.
1、 Overview of guarantee
1. Basic information of external guarantee
Guangzhou Echom Sci.&Tech.Co.Ltd(002420) (hereinafter referred to as “the company” and “Yichang technology”) in view of the needs of the company’s operation and development, applied for a comprehensive credit line of RMB 39 million from Huaxia branch of Guangzhou Rural Commercial Bank (hereinafter referred to as “Huaxia branch of Guangzhou rural commercial bank”) Jiangsu Yichang Technology Co., Ltd. (hereinafter referred to as “Jiangsu Yichang”), a wholly-owned subsidiary of the company, is approved to provide joint and several liability guarantee for the 39 million yuan comprehensive credit line applied by the parent company Yichang technology in Huaxia branch of Guangzhou rural commercial bank.
According to the relevant contents of the guidelines for the standardized operation of listed companies of Shenzhen Stock Exchange (revised in 2020), the guaranteed party of this guarantee is the parent company, which belongs to the legal entity within the scope of the consolidated statements of listed companies, and the wholly-owned subsidiary Jiangsu Yichang has fulfilled the review agenda. Therefore, this guarantee does not need to be submitted to the board of directors or the general meeting of shareholders for deliberation, Nor does it require the approval of the relevant government departments.
Jiangsu Yichang Technology Co., Ltd. Guangzhou Echom Sci.&Tech.Co.Ltd(002420) has no relationship with Huaxia branch of Guangzhou rural commercial bank.
2、 Basic information of the guaranteed party
(Ⅰ) Guangzhou Echom Sci.&Tech.Co.Ltd(002420)
1. Unified social credit Code: 914401016185240255
2. Type of commercial subject: other joint stock limited companies (listed)
3. Address: No. 29, science and Technology Development Zone, Guangzhou hi tech Development Zone
4. Legal representative: Ning Hongtao
5. Date of establishment: September 12, 1997
6. Registered capital: 401 million yuan
7. Business scope: Rubber and plastic products industry (for specific business items, please log in to Guangzhou commercial subject information publicity platform, website: http://cri.gz.gov.cn./ 。 Projects subject to approval according to law can only be carried out after being approved by relevant departments.)
8. Relationship with the guarantor: Yichang technology directly holds 100% equity of Jiangsu Yichang
9. Key financial data of the guaranteed in recent one year
Unit: 10000 yuan
September 30, 2021 December 31, 2020
Total assets 247148 209277
Total liabilities 182934 151410
Net assets 64215 57866
Operating income 276485 306321
Total profit 6674 6577
Net profit attributable to parent company 6100 6585
Note: as of September 30, 2021, the statement (data) has not been audited, and as of December 31, 2020, the statement (data) has been audited by Daxin Certified Public Accountants (special general partnership).
10. Credit status: Yichang technology does not belong to the dishonest executee and has no credit rating.
3、 Details of guarantee matters
1. Name of guarantor: Jiangsu Yichang Technology Co., Ltd
2. Name of the guaranteed party: Guangzhou Echom Sci.&Tech.Co.Ltd(002420)
3. Creditor Name: Huaxia branch of Guangzhou rural commercial bank
4. Principal creditor’s rights: the guaranteed principal creditor’s rights under this contract are the creditor’s rights arising from handling various financing businesses with the guaranteed party within the duration of bank credit (the above-mentioned period is the determination period of the maximum guaranteed creditor’s rights, i.e. the “determination period of creditor’s rights”), as well as the prior creditor’s rights agreed by both parties (if any).
5. Maximum principal balance of secured creditor’s rights: 39 million yuan
6. Scope of guarantee: the scope of guarantee under this contract includes not only the main creditor’s rights described in this contract, but also the resulting interest (the interest referred to in this contract includes interest, penalty interest and compound interest), liquidated damages, damages, handling charges and other expenses incurred for signing or performing this contract And the expenses incurred by the creditor in realizing the security right and creditor’s right (including but not limited to legal fees, lawyer’s fees, travel expenses, etc.), as well as other expenses payable by the debtor under the main contract.
7. Guarantee period: the guarantee period for Party A to undertake the guarantee liability is three years, and the starting date is determined as follows: when the expiration date of the performance period of any debt is earlier than or equal to the determination date of the guaranteed creditor’s right, the starting date of the guarantee period for Party A to undertake the guarantee liability for the debt is the determination date of the guaranteed creditor’s right; When the expiration date of the performance period of any debt is later than the determination date of the guaranteed creditor’s rights, the starting date of the guarantee period for Party A to bear the guarantee liability for the debt is the expiration date of the performance period of the debt.
8. Guarantee mode: joint and several liability guarantee
9. Whether counter guarantee is provided: no
4、 The impact of the guarantee provided by the wholly-owned subsidiary to the parent company on the company
As of September 30, 2021, the asset liability ratio of Yichang technology is 74.02%. Jiangsu Yichang, a wholly-owned subsidiary, provides guarantee for Yichang technology. The risk is controllable, which is conducive to improving the company’s financing ability, ensuring the normal working capital needs of the company, meeting the needs of the company’s operation and development, in line with the overall interests of the company and does not harm the company and all shareholders In particular, the interests of minority shareholders will not adversely affect the normal operation and business development of the company.
5、 Accumulated external guarantees and overdue guarantees
The total amount of guarantee provided by Jiangsu Yichang for the company is 39 million yuan, accounting for 6.74% of the audited net assets of the company in 2020.
After this guarantee, the total amount of guarantee of the listed company and its holding subsidiaries is RMB 216 million. After this guarantee is provided, the total balance of external guarantee of the listed company and its holding subsidiaries is RMB 0, accounting for 37.33% of the latest audited net assets of the listed company; The guarantee balance provided by the listed company to the holding subsidiaries was 25.42 million yuan, accounting for 4.39% of the latest audited net assets of the listed company; The total balance of guarantees provided by the listed company and its holding subsidiaries to units outside the consolidated statements is 0 million yuan, accounting for 0% of the latest audited net assets of the listed company.
As of the issuance date of this announcement, the company has no overdue guarantee amount or guarantee amount involved in litigation and the amount of loss due to the judgment of losing the guarantee.
6、 Documents for future reference
1. The maximum guarantee contract to be signed between Jiangsu Yichang and Huaxia branch of Guangzhou rural commercial bank; 2. Decided by the shareholders of Jiangsu Yichang Technology Co., Ltd.
It is hereby announced.
Guangzhou Echom Sci.&Tech.Co.Ltd(002420) board of directors February 15, 2022
