Suzhou Anjie Technology Co.Ltd(002635) announcement on foreign investment and establishment of two U.S. subsidiaries
Securities code: 002635 securities abbreviation: Suzhou Anjie Technology Co.Ltd(002635) Announcement No.: 2022-009
Suzhou Anjie Technology Co.Ltd(002635)
Announcement on foreign investment and establishment of two U.S. 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 foreign investment
1. Basic information of the project
Suzhou Anjie Technology Co.Ltd(002635) (hereinafter referred to as " Suzhou Anjie Technology Co.Ltd(002635) " or "the company") held the 35th meeting of the Fourth Board of directors on February 17, 2022, deliberated and adopted the proposal on foreign investment and establishment of two U.S. subsidiaries. In order to provide better services for overseas customers, enhance the company's international competitiveness and service capacity, and improve the company's business layout and medium and long-term strategic development plan, Shixin International Co., Ltd. (hereinafter referred to as "Shixin international") a wholly-owned subsidiary of the company plans to set up a wholly-owned subsidiary seksun USAINC in the United States with its own capital of US $2 million (Shixin America Co., Ltd.) (hereinafter referred to as "Shixin America", tentative name, and the final result shall be subject to the approval of relevant local departments) and seksun Texas Inc. (Shixin Texas Co., Ltd.) (hereinafter referred to as "Shixin Texas") which plans to set up a wholly-owned subsidiary in the United States with self raised funds of US $5 million , tentative name, and the final result shall be subject to the approval of relevant local departments).
According to the Listing Rules of Shenzhen Stock Exchange and the articles of association, this foreign investment does not constitute related party transactions or major asset restructuring, and does not need to be submitted to the general meeting of shareholders for deliberation.
2、 Basic information of the proposed wholly-owned subsidiary
(I) Shixin America Co., Ltd
1. Company name: seksun usainc
2. Place of establishment: Texas
3. Registered capital: USD 2 million
4. Shareholders and shareholding: Shixin international, a subsidiary of the company, holds 100% of its equity
5. Business scope: providing technical support and customer service.
Suzhou Anjie Technology Co.Ltd(002635) announcement on foreign investment and establishment of two U.S. subsidiaries
(II) Shixin Texas Co., Ltd
1. Company name: seksun Texas Inc
2. Place of establishment: Texas
3. Registered capital: USD 5 million
4. Shareholders and shareholding: the newly established Shixin America holds 100% of its equity
5. Business scope: production and sales of high-precision automotive mechanism products, electronic components, die components, precision die, precision cavity die and die standard parts.
The name, business scope and investment amount of the above proposed subsidiaries shall be subject to the approval and registration of the relevant competent authorities.
3、 Impact of foreign investment on the company and existing risks
1. Purpose of foreign investment and its impact on the company
In the early stage, the establishment of two subsidiaries in the United States will provide better services for the global auto market. This investment will help to expand the production scale and regional scope of products related to the company's new energy vehicle business, provide products and services to customers at close range, further improve the comprehensive competitiveness of the company's new energy vehicle related products, further develop overseas markets and promote exchanges and cooperation between the company and overseas customers, In line with the company's development strategy of focusing on the development of new energy vehicle business. The capital source of this investment is the company's self raised funds, which will not have an adverse impact on the company's financial and operating conditions, and there is no situation damaging the interests of the company and all shareholders.
2. Risks of foreign investment
(1) Approval risk
This investment still needs to be filed or approved by the competent investment authorities at home and abroad. There is uncertainty about whether it can be filed or approved and the final time of filing or approval.
(2) Operational risk
In view of the certain differences between the legal, policy system and business environment of the United States and China, the company's establishment of a subsidiary in the United States needs to be familiar with and adapt to the business cultural environment and legal system of the United States as soon as possible, cultivate international management talents and build a management system suitable for international development. The company selects internationally experienced consulting service enterprises for cooperation, and selects a team of excellent talents for operation and management, so as to provide sufficient guarantee for the company's operation and project management.
Suzhou Anjie Technology Co.Ltd(002635) announcement on foreign investment and establishment of two U.S. subsidiaries
It is hereby announced.
Suzhou Anjie Technology Co.Ltd(002635) board of directors February 17, 2002
