Securities code: 002340 securities abbreviation: Gem Co.Ltd(002340) Announcement No.: 2022-012 Gem Co.Ltd(002340)
Announcement on the application for bank credit by the company and its subsidiaries
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
1、 Overview of credit application
Gem Co.Ltd(002340) (hereinafter referred to as “the company”) and its subsidiaries Jingmen Gem Co.Ltd(002340) new materials Co., Ltd., Gem Co.Ltd(002340) (Wuhan) urban Mining Industry Group Co., Ltd., Gem Co.Ltd(002340) (Jiangsu) cobalt Industry Co., Ltd., Gem Co.Ltd(002340) (Wuxi) energy materials Co., Ltd., green AGCO (Jingmen) new energy materials Co., Ltd Gem Co.Ltd(002340) (Hubei) solid waste disposal Co., Ltd., Gem Co.Ltd(002340) (Hubei) new energy materials Co., Ltd., Wuhan power battery regeneration technology Co., Ltd., Gem Co.Ltd(002340) Hong Kong International Logistics Co., Ltd., Hubei green Tungsten Resource Recycling Co., Ltd., Gem Co.Ltd(002340) (Shenzhen) Recycling Technology Co., Ltd Due to the expiration of the original credit line and the demand for new funds, in order to meet the business development needs of the company and its subsidiaries and ensure the implementation of the company’s strategy, Jiangxi green circular industry Co., Ltd. and its subsidiaries plan to apply for a comprehensive credit line with a total credit line not exceeding the equivalent of RMB 1639 million.
On February 16, 2022, the 40th meeting of the 5th board of directors of the company deliberated and adopted the proposal on the application for bank credit by the company and its subsidiaries. According to the requirements of the articles of association and other relevant laws and regulations, the proposal must be submitted to the first extraordinary general meeting of shareholders in 2022 for deliberation.
2、 Basic information of this credit application
Unit: 10000 yuan
Credit term and amount of credit subject
Gem Co.Ltd(002340) 629,000
Jingmen Gem Co.Ltd(002340) new materials Co., Ltd. 464000
Not more than seven years
Gem Co.Ltd(002340) (Wuhan) urban Mining Industry Group Co., Ltd
Gem Co.Ltd(002340) (Jiangsu) cobalt Industry Co., Ltd. 224000
Gem Co.Ltd(002340) (Wuxi) energy materials Co., Ltd. 84000
Green AGCO (Jingmen) new energy materials Co., Ltd
Gem Co.Ltd(002340) (Hubei) solid waste disposal Co., Ltd. 27000
Gem Co.Ltd(002340) (Hubei) new energy materials Co., Ltd
Wuhan power battery regeneration technology Co., Ltd
Gem Co.Ltd(002340) Hong Kong International Logistics Co., Ltd. 10000
Hubei green Tungsten Resource Recycling Co., Ltd. 25000
Gem Co.Ltd(002340) (Shenzhen) Recycling Technology Co., Ltd
Jiangxi Green Recycling Industry Co., Ltd. 106000
Total 1639000
The specific credit lines, credit banks and credit subjects of the above companies and their subsidiaries can be adjusted according to the actual needs within the scope of the above total credit lines and the needs of each company, and can be recycled within the credit period. The specific credit granting bank and the corresponding credit line, credit type, credit term and guarantee method shall be subject to the relevant contracts finally signed between the company and its subsidiaries and the bank. When handling the relevant businesses under the credit agreement of the above banks and their subsidiaries, this resolution is valid and no separate resolution of the board of directors is issued.
3、 Opinions of the board of directors
The board of Directors believes that the company and its subsidiaries have obtained a certain comprehensive bank credit line, which is conducive to ensuring the capital demand for their business development, thus laying a solid foundation for the sustainable and stable development of the company and its subsidiaries. At the same time, the company and its subsidiaries have normal production and operation and sufficient solvency. Therefore, it is agreed that the company and its subsidiaries apply for a comprehensive credit line not exceeding the equivalent of RMB 1639 million in total, and agree to submit the proposal to the first extraordinary general meeting of shareholders in 2022 for deliberation.
It is hereby announced
Gem Co.Ltd(002340) board of directors February 16, 2002
