Securities code: 002990 securities abbreviation: Maxvision Technology Corp(002990) Announcement No.: 2022-006 Maxvision Technology Corp(002990)
Progress announcement on providing guarantee for wholly-owned 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 guarantee
Recently, Maxvision Technology Corp(002990) (hereinafter referred to as "the company") issued the maximum irrevocable guarantee to China Merchants Bank Co.Ltd(600036) Shenzhen Branch (hereinafter referred to as " China Merchants Bank Co.Ltd(600036) Shenzhen Branch") in Shenzhen, The company provides joint and several liability guarantee for the debts formed by the credit business agreement signed between the wholly-owned subsidiary Shenzhen Shengshi Technology Co., Ltd. (hereinafter referred to as "Shenzhen Shengshi") and China Merchants Bank Co.Ltd(600036) Shenzhen Branch. The guarantee scope is the sum of the loan and other credit principal balance provided by China Merchants Bank Co.Ltd(600036) Shenzhen Branch for Shenzhen Shengshi (the maximum limit is RMB 50 million), And relevant interest, default interest, compound interest, liquidated damages, liquidated damages for delay in performance, factoring expenses, expenses for realizing security rights and creditor's rights and other relevant expenses.
On September 17, 2021, the company held the 25th meeting of the second board of directors. With 7 affirmative votes, 0 negative votes and 0 abstention votes, the proposal on providing guarantee for wholly-owned subsidiaries was deliberated and adopted to meet the business development needs of Shenzhen Shengshi, Agree to provide a guarantee of no more than 150 million yuan for the financing business of Shenzhen Shengshi (for non current capital loans, working capital loans, opening bank acceptance bills, letters of credit, discount of commercial acceptance bills, documentary bills, forward foreign exchange, etc.).
This guarantee is within the scope of the above-mentioned amount and does not need to be submitted to the board of directors and the general meeting of shareholders for deliberation. This guarantee does not constitute a connected transaction.
After the occurrence of this guarantee, the company's guarantee balance for Shenzhen Shengshi is 100 million yuan, and the available guarantee amount is 50 million yuan.
2、 Basic information of the guaranteed
(I) basic information
1. Company Name: Shenzhen Shengshi Technology Co., Ltd
2. Date of establishment: October 12, 2015
Registration address: room a, building 201, Qianhai Road, Shenzhen
4. Legal representative: Hu Gang
5. Registered capital: 65 million yuan
6. Business scope: general business items: technical development and sales of computer software, mechatronics products, industrial automation equipment, office automation equipment, building intelligent control equipment, communication and information equipment, electronic products, security products, computer network and database; Design, technical consultation, installation and maintenance services of weak current intelligent system, intelligent control system, communication network system, information security system and security system; Computer information system integration; Operate import and export business. Licensed business items: Construction and installation works. 7. Ownership structure and relationship with the company: the company holds 100% of its equity, and Shenzhen Shengshi is regarded as a wholly-owned subsidiary of the company.
(II) financial status of the guaranteed
Unit: Yuan
End of 2020 (audited) end of September 2021 (Unaudited)
Total assets 49049253.93 61701319.13
Total liabilities 28822910.87 39349563.29
Including: total current liabilities 28822910.87 39349563.29
Total bank loans 0.00 0.00
Contingency amount 0.00 0.00
Net assets 20226343.06 22351755.84
Asset liability ratio 58.76% 63.77%
Project 2020 (audited) January September 2021 (Unaudited)
Operating income 54042918.77 34155411.74
Total profit 2952717.35 2152920.27
Net profit 2952717.35 2125412.78
(III) integrity of the guaranteed
Shenzhen Shengshi is not a dishonest person to be executed.
3、 Main contents of guarantee contract
Credit applicant: Shenzhen Shengshi Technology Co., Ltd
Guarantor: Maxvision Technology Corp(002990)
Whereas China Merchants Bank Co.Ltd(600036) Shenzhen Branch and the credit applicant signed the credit agreement (applicable to the situation where there is no need to sign another loan contract for working capital loans) (hereinafter referred to as the "credit agreement"), and agreed that within the credit period agreed in the credit agreement, Provide a credit line (hereinafter referred to as "credit line") with a total amount of RMB (in words) 50 million (including equivalent other currencies) to the credit applicant, and the guarantor voluntarily undertakes joint and several guarantee liabilities for all debts owed by the credit applicant under the credit agreement. The main specific guarantees are as follows:
1. Scope of guarantee: the scope of guarantee provided by the guarantor is China Merchants Bank Co.Ltd(600036) the sum of the loan and other credit principal balance provided by Shenzhen Branch to the credit applicant under the credit line according to the credit agreement (the maximum limit is RMB 50 million), as well as relevant interest, penalty interest, compound interest, liquidated damages, late performance penalty, factoring fee Costs of realizing security rights and claims and other related costs.
2. Guarantee method: the guarantor confirms that it shall bear joint and several liabilities economically and legally for all debts of the credit applicant within the guarantee scope.
3. Guarantee liability period: the guarantee liability period of the guarantor is from the effective date of this guarantee to the maturity date of each loan or other financing under the credit agreement or China Merchants Bank Co.Ltd(600036) accounts receivable creditor's rights transferred by Shenzhen branch or the advance date of each advance plus three years. In case of extension of any specific credit, the guarantee period shall be extended to another three years after the expiration of the extension period.
4、 Opinions of the board of directors
The company's guarantee for Shenzhen Shengshi, a wholly-owned subsidiary, is based on the business development needs of Shenzhen Shengshi. Shenzhen Shengshi is regarded as a wholly-owned subsidiary within the scope of the company's consolidated statements. The company has a full understanding and control of its daily management and business development, the risk is controllable, and the company's guarantee will not damage the interests of the company.
5、 Accumulated external guarantees and overdue guarantees
As of the disclosure date of this announcement, the total amount of external guarantees of the company and its subsidiaries is RMB 330 million, accounting for 17.49% of the company's latest audited net assets. The total amount of external guarantees actually signed and being performed by the company is RMB 280 million, accounting for 14.84% of the company's latest audited net assets, All are guarantees for wholly-owned subsidiaries within the scope of consolidated statements. The company and its subsidiaries did not provide guarantees for units outside the scope of the consolidated statements, and there was no guarantee balance corresponding to overdue debts, the guarantee amount involved in litigation and the guarantee amount to be borne due to the judgment of losing the lawsuit.
6、 The reference document "maximum irrevocable guarantee" is hereby announced.
Maxvision Technology Corp(002990) board of directors February 18, 2022
