Securities code: 002548 securities abbreviation: Shenzhen Kingsino Technology Co.Ltd(002548) Announcement No.: 2022-021 bond Code: 128036 bond abbreviation: Jinnong convertible bond
Shenzhen Kingsino Technology Co.Ltd(002548)
Announcement on the progress of the company’s guarantee for its subsidiaries
The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete, and are responsible for false records, misleading statements or major omissions in the announcement.
1、 Overview of guarantee
Shenzhen Kingsino Technology Co.Ltd(002548) (hereinafter referred to as “the company”) deliberated and approved the proposal on the amount of guarantee provided by the company for the financing of its subsidiaries in 2022 at the 20th (Interim) meeting of the Fifth Board of directors held on December 9, 2021 and the 7th extraordinary general meeting of shareholders held on December 27, 2021 respectively, The company provided guarantees for 19 wholly-owned and controlled subsidiaries to raise funds from banks and other institutions in 2022, with a total guarantee amount of no more than 2 million yuan, which can be used in a rolling manner within the limit, including no more than 350 million yuan for Tieli Shenzhen Kingsino Technology Co.Ltd(002548) ecological agriculture and animal husbandry Co., Ltd. (hereinafter referred to as “Tieli Shenzhen Kingsino Technology Co.Ltd(002548) “), The guarantee amount for Anhui Shenzhen Kingsino Technology Co.Ltd(002548) biological feed Co., Ltd. (hereinafter referred to as “Anhui Shenzhen Kingsino Technology Co.Ltd(002548) “) shall not exceed 100 million yuan, and the guarantee amount for ronghua United Biotechnology (Shenzhen) Co., Ltd. (hereinafter referred to as “ronghua united”) shall not exceed 40 million yuan; The proposal on the amount of guarantee provided by the company for the purchase of raw materials by its subsidiaries in 2022 was reviewed and adopted to provide guarantee for the purchase of raw materials from suppliers by 12 wholly-owned and controlled subsidiaries of the company in 2022, with a total guarantee amount of no more than 350 million yuan. For specific guarantee matters, the chairman of the company is authorized to sign relevant contracts according to the actual situation. For details, please refer to securities times, Shanghai Securities News, China Securities News and cninfo.com on December 10, 2021（ http://www.cn.info.com.cn. ）Relevant announcements of disclosure.
2、 Guarantee progress
Recently, the company has signed guarantee contracts with banks and Xiamen Jianfa Products Co., Ltd., as follows: 1. The company has signed guarantee contracts with Tieli branch of Agricultural Development Bank of China (hereinafter referred to as “Tieli branch of Agricultural Development Bank“), which stipulates that within the maximum principal amount of 85 million yuan, The company provides joint and several liability guarantee for the working capital loan contract signed between Tieli Shenzhen Kingsino Technology Co.Ltd(002548) and Tieli sub branch of Agricultural Development Bank;
2. The company has signed the guarantee contract with Tieli rural commercial bank Langxiang sub branch (hereinafter referred to as “rural commercial bank Langxiang sub branch”), which stipulates that within the maximum principal amount of 25 million yuan, the company will provide joint and several liability guarantee for the working capital loan contract signed between Tieli Shenzhen Kingsino Technology Co.Ltd(002548) and Tieli rural commercial bank Langxiang sub branch;
3. The company signed the maximum guarantee contract with Wuhu Yangzi Rural Commercial Bank Co., Ltd. (hereinafter referred to as “Yangzi rural commercial bank”), which agreed that within the maximum principal amount of 10 million yuan, the company would provide joint and several liability guarantee for the comprehensive credit contract signed between Anhui Shenzhen Kingsino Technology Co.Ltd(002548) and Yangzi rural commercial bank;
4. The company has signed the guarantee contract with Bank Of Communications Co.Ltd(601328) Shenzhen Branch (hereinafter referred to as ” Bank Of Communications Co.Ltd(601328) Shenzhen Branch”), which stipulates that within the maximum principal amount of 10 million yuan, the company will provide joint and several liability guarantee for the working capital loan contract signed between ronghua united and Bank Of Communications Co.Ltd(601328) Shenzhen branch;
5. The company has signed the maximum guarantee contract with Xiamen Jianfa Products Co., Ltd. (hereinafter referred to as “Xiamen Jianfa”), which stipulates that within the maximum amount of creditor’s rights of 80 million yuan, the company will provide joint and several liability guarantee for the debts arising from the raw material purchase contract signed by 11 subordinate companies and Xiamen Jianfa in 2022.
This guarantee is within the scope of deliberation of the 20th (extraordinary) meeting of the Fifth Board of directors and the seventh extraordinary general meeting of shareholders in 2021, and does not need to be submitted to the board of directors and the general meeting of shareholders for deliberation again.
3、 Main contents of guarantee contract
（1） Tieli Shenzhen Kingsino Technology Co.Ltd(002548) ecological agriculture and animal husbandry Co., Ltd
1. Creditor: Tieli branch of Agricultural Development Bank of China
2. Guarantor: Shenzhen Kingsino Technology Co.Ltd(002548)
3. Debtor: Tieli Shenzhen Kingsino Technology Co.Ltd(002548) ecological agriculture and animal husbandry Co., Ltd
4. Guarantee mode: joint and several liability guarantee
5. Scope of guarantee: principal, interest, compound interest, default interest, liquidated damages, damages and expenses for realizing creditor’s rights under the main contract.
6. Amount of principal creditor’s rights guaranteed: 85 million yuan.
7. Term of secured principal creditor’s rights (loan term): from January 24, 2022 to January 23, 2023.
8. Guarantee period: three years from the day after the expiration of the debt performance period.
（2） Tieli Shenzhen Kingsino Technology Co.Ltd(002548) ecological agriculture and animal husbandry Co., Ltd
1. Creditor: Tieli rural commercial bank Langxiang sub branch
2. Guarantor: Shenzhen Kingsino Technology Co.Ltd(002548)
3. Debtor: Tieli Shenzhen Kingsino Technology Co.Ltd(002548) ecological agriculture and animal husbandry Co., Ltd
4. Guarantee mode: joint and several liability guarantee
5. Scope of guarantee: principal, interest, liquidated damages, damages, expenses for realizing creditor’s rights, losses caused by debtor’s breach of contract, etc. under the main contract.
6. Amount of principal creditor’s rights guaranteed: 25 million yuan.
7. Term of secured principal creditor’s rights (loan term): from January 26, 2022 to January 18, 2023.
8. Guarantee period: three years from the date of expiration of the debt performance period.
（3） Anhui Shenzhen Kingsino Technology Co.Ltd(002548) biological feed Co., Ltd
1. Creditor: Wuhu Yangzi Rural Commercial Bank Co., Ltd
2. Guarantor: Shenzhen Kingsino Technology Co.Ltd(002548)
3. Debtor: Anhui Shenzhen Kingsino Technology Co.Ltd(002548) biological feed Co., Ltd
4. Guarantee mode: joint and several liability guarantee
5. Scope of guarantee: principal, interest, liquidated damages, damages and expenses for realizing creditor’s rights under the main contract.
6. Amount of principal creditor’s rights guaranteed: 10 million yuan.
7. Term of secured principal creditor’s rights (loan term): January 14, 2022 to January 14, 2023.
8. Guarantee period: three years from the date of expiration of the debt performance period.
（4） Ronghua United Biotechnology (Shenzhen) Co., Ltd
1. Creditor: Bank Of Communications Co.Ltd(601328) Shenzhen Branch
2. Guarantor: Shenzhen Kingsino Technology Co.Ltd(002548)
3. Debtor: ronghua United Biotechnology (Shenzhen) Co., Ltd
4. Guarantee mode: joint and several liability guarantee
5. Scope of guarantee: principal, interest, liquidated damages, damages and expenses for realizing creditor’s rights under the main contract.
6. Amount of guaranteed principal creditor’s rights: the principal amount of principal creditor’s rights is up to 10 million yuan, which can be recycled within the limit.
7. The period during which the guaranteed principal creditor’s rights occur (the period during which the creditor’s rights are determined): from December 21, 2021 to December 21, 2023, the term of each loan shall not be longer than 24 months, and the maturity date of all loans shall not be later than June 21, 2024.
8. Guarantee period: the guarantee period shall be calculated separately one by one. The guarantee period of each debt shall be from the date of expiration of the performance period of the debt to three years after the expiration of the performance period of the final due main debt under all the main contracts. （5） Xiamen Jianfa Products Co., Ltd
1. Creditor: Xiamen Jianfa Property Co., Ltd
2. Guarantor: Shenzhen Kingsino Technology Co.Ltd(002548)
3. Amount of debtor’s and secured principal creditor’s rights:
No. guaranteed amount of the guaranteed party (debtor) (10000 yuan)
1 Anhui Shenzhen Kingsino Technology Co.Ltd(002548) biological feed Co., Ltd. 500.00
2 Fujian Shenzhen Kingsino Technology Co.Ltd(002548) Feed Co., Ltd. 1800.00
3 Guangdong Shenzhen Kingsino Technology Co.Ltd(002548) Feed Co., Ltd. 3500.00
4 Shenyang Chengnong Feed Co., Ltd. Liaohe branch 100.00
5 Harbin Yuanda animal husbandry Co., Ltd. 100.00
6 Changchun Shenzhen Kingsino Technology Co.Ltd(002548) Feed Co., Ltd. 100.00
7 Zhejiang Chengnong Feed Co., Ltd. 600.00
8 Hubei Shenzhen Kingsino Technology Co.Ltd(002548) Feed Co., Ltd. 200.00
9 Tieli Shenzhen Kingsino Technology Co.Ltd(002548) ecological agriculture and animal husbandry Co., Ltd. 500.00
10 Changsha Chengnong Feed Co., Ltd. 500.00
11 ronghua United Biotechnology (Shenzhen) Co., Ltd. 100.00
Total 8000.00
4. Guarantee mode: joint and several liability guarantee
5. Guarantee scope: the loan principal, interest, liquidated damages, compensation and other expenses for realizing creditor’s rights under the main contract shall not exceed 80 million yuan.
6. The period during which the guaranteed principal creditor’s rights occur (the period during which the creditor’s rights are determined): from January 3, 2022 to December 31, 2022.
7. Guarantee period: two years from the date of expiration of the debt performance period.
4、 Accumulated external guarantee quantity and overdue guarantee quantity
Up to now, the actual external guarantee balance of the company and its holding subsidiaries is 93.14506 million yuan, accounting for 35.22% of the company’s latest audited net assets (as of December 31, 2020, the net assets were 2644.3828 million yuan); Among them, the guarantee balance provided by the company and its holding subsidiaries for downstream dealers and farms (households) was 31 million yuan, accounting for 1.17% of the company’s latest audited net assets. Up to now, the amount of guarantee liability borne by the company and its holding subsidiaries due to the overdue of the guaranteed party is 39.8106 million yuan, and the cumulative compensation amount recovered is 14.8563 million yuan.
5、 Documents for future reference
1. Guarantee contract and maximum guarantee contract
It is hereby announced.
Shenzhen Kingsino Technology Co.Ltd(002548) board of directors February 19, 2022
