Securities code: 000672 securities abbreviation: Gansu Shangfeng Cement Co.Ltd(000672) Announcement No.: 2022-012 Gansu Shangfeng Cement Co.Ltd(000672)
Announcement on the financial leasing business of 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.
On February 17, 2022, the 40th meeting of the ninth board of directors of Gansu Shangfeng Cement Co.Ltd(000672) (hereinafter referred to as "the company") deliberated and adopted the proposal on the company and its subsidiaries to carry out financial leasing business, It is agreed that the company and its subsidiary Du'an Gansu Shangfeng Cement Co.Ltd(000672) Co., Ltd. intend to carry out financial leasing business through sale and leaseback with YONGYING Financial Leasing Co., Ltd. (hereinafter referred to as "YONGYING leasing"), with a financing limit of no more than 100 million yuan (including 100 million yuan) and a term of no more than 18 months (including 18 months), And authorize the company's management to be responsible for the implementation of specific projects and other related matters. The relevant information is hereby announced as follows:
1、 Overview of financial leasing
In order to further revitalize the company's existing assets, broaden financing channels, optimize financing structure and meet capital needs, the company and its subsidiary Du'an Gansu Shangfeng Cement Co.Ltd(000672) Co., Ltd. plan to carry out financial leasing business in the form of after-sales leaseback with YONGYING Financial Leasing Co., Ltd. (hereinafter referred to as "YONGYING leasing"), with a financing limit of no more than RMB 100 million (including RMB 100 million), The duration shall not exceed 18 months (including 18 months), and the company's operation and management shall be authorized to be responsible for the implementation of specific projects and other related matters.
This proposal does not constitute a connected transaction. According to the relevant provisions of Shenzhen Stock Exchange, such as the stock listing rules, the standardized operation of companies listed on the main board and the articles of association, the transaction amount is within the scope of the deliberation authority of the board of directors and does not need to be submitted to the general meeting of shareholders of the company for deliberation.
2、 Basic information of counterparty
Company name: YONGYING Financial Leasing Co., Ltd
Unified social credit Code: 91330200316986507a
Type: limited liability company (wholly owned by foreign-invested enterprise legal person)
Address: 12 / F, 15 / F, 16 / F and 17 / F, No. 195, Dingtai Road, Yinzhou District, Ningbo City, Zhejiang Province
Legal representative: Xu Jipeng
Registered capital: 500 million yuan
Business scope: financial leasing business; Finance lease and transfer of assets; Fixed income securities investment business; Accept the lease deposit from the lessee; Interbank borrowing; Borrowing from financial institutions; Overseas loans; Sale and disposal of leased property; Economic consultation; Asset securitization; Other businesses approved by the banking regulatory authority under the State Council. (for projects subject to approval according to law, business activities can be carried out only after approval by relevant departments.)
Controlling shareholder: Bank Of Ningbo Co.Ltd(002142) holds 100% of its equity.
Affiliated relationship: the above counterparties have no affiliated relationship with the controlling shareholders, actual controllers, directors, supervisors and senior managers of the company.
3、 Main contents of transaction
Lessee: Gansu Shangfeng Cement Co.Ltd(000672) , Du'an Gansu Shangfeng Cement Co.Ltd(000672) Co., Ltd
Lessor: YONGYING Financial Leasing Co., Ltd
Leasehold: machinery, equipment and other fixed assets (the subject matter of the transaction does not have mortgage, pledge or other third-party rights, nor does it involve major disputes, litigation or arbitration matters related to assets, and there are no judicial measures such as seizure and freezing).
Lease method: the method of sale and leaseback, that is, the company sells the above leased items to YONGYING lease and leaseback them for use. During the term of the lease contract, the company pays the rent to YONGYING lease according to the contract.
Lease principal: no more than RMB 100 million
Lease term: no more than 18 months (including 18 months)
Lease interest rate, rent and repayment method: according to the market interest rate and the repayment terms of the specific financial lease contract signed with YONGYING lease.
Repurchase price: upon the expiration of the lease, the company will repurchase the ownership of the financial leasing asset at the retained purchase price of no more than 100 yuan.
Ownership of leased equipment: during the lease term, the ownership of machinery and equipment belongs to YONGYING lease. After the lease term expires and the contract is fulfilled, the ownership of machinery and equipment will be transferred to the company.
4、 Purpose of this financial lease and its impact on the company
The company plans to finance through financial leasing, which is conducive to broadening financing channels, optimizing financing structure, reducing capital cost and providing financial support for the company's production and operation. This sale and leaseback financial leasing business will not affect the company's use of fixed assets for financial leasing, will not have a significant impact on the company's production and operation, and will not damage the interests of the company and all shareholders.
5、 Documents for future reference 1. Resolutions of the fortieth meeting of the ninth board of directors of the company. It is hereby announced.
Gansu Shangfeng Cement Co.Ltd(000672) board of directors
February 18, 2022
