Securities code: 603322 securities abbreviation: St chaoxun Announcement No.: 2022-021 Super Telecom Co.Ltd(603322)
Progress and litigation related announcement on illegal guarantee
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 individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
Important content tips:
The litigation stage of the case: the court accepts the case and has not yet held a court session
Party status of subsidiaries and subsidiaries: defendant
Amount involved:
Tiaobingshan sub branch of Tieling bank requested the court to order Minsheng intelligence to immediately repay its loan principal of 56.4 million yuan and pay interest and other related expenses. Meanwhile, the defendants sang Rui electronics and Meng fanding were jointly and severally liable for the above loan principal, interest, preservation fees, litigation fees and other related expenses.
Whether it will have a negative impact on the profits and losses of listed companies: 1. The loan contract disputes involved in the above litigation cases are mainly caused by Meng fanding’s illegal external guarantee in the name of Sangrui electronics and Minsheng intelligence. At present, the risk resolution of the above illegal guarantee is being actively promoted. 2. The above litigation cases are still in the court acceptance stage, and it is temporarily impossible to judge the impact on the company’s current or future profits. At present, the plaintiff and the defendant are actively communicating. However, if the above litigation cases are not successfully withdrawn and finally lost, it is expected to have a significant impact on the operation and cash flow of Sunrui electronics and Minsheng intelligent business.
1、 Basic information of being sued in this major lawsuit
The holding subsidiary of Super Telecom Co.Ltd(603322) (hereinafter referred to as “the company”) Shanghai Sangrui Electronic Technology Co., Ltd. (hereinafter referred to as “Sangrui Electronics”) and its wholly-owned subsidiary Liaoning Minsheng Intelligent Instrument Co., Ltd. (hereinafter referred to as “Minsheng intelligent”) received the electronic summons served by tiaobingshan Municipal People’s Court on February 17, 2022. Due to the dispute over the loan contract, tiaobingshan sub branch of Tieling Bank Co., Ltd. (hereinafter referred to as “Tieling bank”) requested the court to order Minsheng intelligent to immediately repay its loan principal of 56.4 million yuan and pay relevant interest. Meanwhile, the defendants sang Rui electronics and Meng fanding shall be jointly and severally liable for the above loan principal, interest, preservation fees, litigation fees and other relevant expenses.
The parties are as follows:
Plaintiff: tiaobingshan sub branch of Tieling Bank Co., Ltd
Defendant 1: Liaoning Minsheng Intelligent Instrument Co., Ltd
Defendant 2: Shanghai Sangrui Electronic Technology Co., Ltd
Defendant 3: Meng fanding
2、 Facts and claims of litigation
1. Facts and reasons claimed by the plaintiff
On June 30, 2021, the plaintiff and the defendant Minsheng intelligent signed the agreement on financing limit (No.: crdt2021063000023), with a financing exposure of 56.9 million yuan and a service life of the limit from June 30, 2021 to June 29, 2022, of which:
(1) Contract No.: dk09001214202100685 working capital loan contract, with an amount of 48.9 million yuan and a term from June 30, 2021 to June 29, 2022. The borrower has repaid the loan principal of 500000 yuan. As of January 20, 2022, it still owes 48.4 million yuan of loan principal and 337590.00 yuan of loan interest in arrears;
(2) Contract No.: dk09001214202100688 working capital loan contract, with an amount of 8 million yuan and a term from July 1, 2021 to June 29, 2022. As of January 20, 2022, the loan principal still owed was 8 million yuan, and the accumulated loan interest owed was 53044.72 yuan.
The defendant Minsheng intelligent signed the maximum mortgage contract (Contract No.: Duzi 0900120210630001453) with its land use right and aboveground real estate to provide mortgage guarantee for this financing, and the plaintiff has the priority right to compensation for the above real estate.
The defendant Minsheng intelligent pledged the accounts receivable of seven companies and signed the maximum amount pledge contract with contract No. Zhizi 0900120210630001454 to provide pledge guarantee for this financing. The plaintiff has the priority right to be paid for the income of the above accounts receivable.
At the same time, the plaintiff and the defendants sang Rui electronics and Meng fanding signed the maximum irrevocable guarantee respectively, and the contract numbers were Bao Zi 0900120210630001451 and Bao Zi 0900120210630001452 respectively. The above defendants provided the guarantor’s joint and several liability guarantee for this loan.
In accordance with Article 21 of the signed financing Line Agreement and articles 10.1 and 10.2 of Article 10 of Part II of the working capital loan contract, the plaintiff hereby filed a lawsuit to the court to request the people’s court to support the plaintiff’s claim in order to safeguard the legitimate rights and interests of the plaintiff.
2. Plaintiff’s claim
(1) Request the people’s court to order the defendant Minsheng intelligent to immediately repay the plaintiff’s loan principal of 56.4 million yuan and continue to pay interest (including overdue penalty interest) according to the contract until the date of payment of the principal;
(2) Request the people’s court to make a judgment according to law that the auction and sale of the mortgage and pledge provided by the defendant Minsheng intelligent for this loan shall have priority to be paid;
(3) Request the people’s court to order the defendant Minsheng intelligence to bear the preservation fee, litigation fee and other related expenses incurred in this case according to law;
(4) The people’s court is requested to order the defendants sang Rui electronics and Meng fanding to bear joint and several liability for the above loan principal, interest (including overdue penalty interest), preservation fee, litigation fee and other related expenses.
3、 The impact of the lawsuit announced this time on the company’s current profit or post period profit
(I) the loan contract disputes involved in the above litigation cases were mainly caused by Meng fanding’s illegal external guarantee in the name of Sangrui electronics and Minsheng intelligence. At present, the risk resolution of the above illegal guarantee is being actively promoted.
(II) the above litigation cases are still in the court acceptance stage, and it is temporarily impossible to judge the impact on the company’s current or future profits. At present, the plaintiff and the defendant are actively communicating. However, if the above litigation cases are not successfully withdrawn and finally lost, it is expected to have a significant impact on the operation and cash flow of sunray electronics and Minsheng intelligent business.
The company will continue to pay attention to the progress of the above cases and fulfill the obligation of information disclosure in time. Information about the company can be found on the website of Shanghai Stock Exchange (www.sse. Com. CN.) And the relevant announcement published by the information disclosure media designated by the company shall prevail. Please pay attention to the announcement and pay attention to the investment risk.
It is hereby announced.
Super Telecom Co.Ltd(603322) board of directors February 17, 2022
