Securities code: 300017 securities abbreviation: Wangsu Science & Technology Co.Ltd(300017) Announcement No.: 2022-007 Wangsu Science & Technology Co.Ltd(300017)
Announcement on termination of guarantee liability to subsidiaries
The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete without false records, misleading statements or major omissions.
1、 Overview of guarantee
Wangsu Science & Technology Co.Ltd(300017) (hereinafter referred to as "the company") deliberated and approved at the 12th meeting of the Fourth Board of directors held on December 26, 2017 and the first extraordinary general meeting of shareholders held in 2018 on January 12, 2018 to provide joint and several liability guarantee with an amount of no more than 120 million yuan for the holding subsidiary Shanghai Yunsu Technology Co., Ltd. (hereinafter referred to as "Shanghai Yunsu") to apply for a loan from the bank, For details, see the announcement on providing guarantee for holding subsidiaries (Announcement No.: 2017-149) disclosed by the company on December 27, 2017. After that, in combination with the project construction fund demand of Shanghai Yunsu, the guarantee amount of joint and several liability provided by the company for Shanghai Yunsu's loan application from the bank was increased from no more than 120 million yuan to no more than 300 million yuan after the deliberation and approval of the fourth meeting of the fifth board of directors held on October 28, 2020 and the second extraordinary general meeting of shareholders held on November 17, 2020. The guarantee period of the guarantee shall not exceed two years from the expiration date of the debt performance period of Shanghai Yunsu. For details, see the announcement on matters related to adjusting the guarantee amount for subsidiaries (Announcement No.: 2020-109) disclosed by the company on October 29, 2020.
2、 Actual guarantee and termination of guarantee
As of the disclosure date of this announcement, Shanghai Yunsu has not used the bank loan guarantee amount provided by the company.
At present, Shanghai Yunsu has completed the construction of Shanghai Jiading cloud computing data center, and there is no plan to use the guarantee amount in the short term. Therefore, in order to improve the use efficiency of the company's guarantee line and timely clean up the long-term unused guarantee line, the company decided to terminate the guarantee line of no more than 300 million yuan previously provided for Shanghai Yunsu to apply for a loan from the bank.
The 20th meeting of the 5th board of directors and the 18th meeting of the 5th board of supervisors of the company deliberated and approved the proposal on termination of guarantee liability to subsidiaries, and agreed that the company would terminate the guarantee amount of 300 million yuan provided by Shanghai Yunsu to apply for loans from banks. Since the original guarantee amount was reviewed and approved by the general meeting of shareholders of the company, matters related to the termination of guarantee liability need to be submitted to the general meeting of shareholders of the company for deliberation.
3、 Opinions of independent directors
The company's termination of the guarantee line of 300 million yuan for Shanghai Yunsu to apply for a loan from the bank is based on the fact that Shanghai Yunsu has completed the construction of Shanghai Jiading cloud computing data center and has no plan to use the guarantee line in the short term. The termination of this guarantee will help to clean up the long-term unused guarantee amount in time. The termination of this guarantee does not damage the rights and interests of the company and all shareholders, especially the minority shareholders. We unanimously agree to the proposal on termination of guarantee liability to subsidiaries and agree to submit the proposal to the general meeting of shareholders of the company for deliberation.
4、 Accumulated external guarantee quantity and overdue guarantee quantity
As of the disclosure date of this announcement, the cumulative total amount of external guarantees of the company and its holding subsidiaries is about 29.355 million yuan (including the adjusted guarantee amount), accounting for 0.3376% of the company's audited net assets in 2020. The actual external guarantee balance of the company and its holding subsidiaries is about 178300 yuan, accounting for 0.0021% of the audited net assets of the company in 2020. The company and its holding subsidiaries have no overdue external guarantee, no external guarantee involving litigation, and losses due to the judgment of losing the guarantee.
5、 Documents for future reference
1. Resolutions of the 20th meeting of the 5th board of directors of the company;
2. Resolutions of the 18th meeting of the 5th board of supervisors of the company;
3. Independent opinions of independent directors on matters related to the 20th meeting of the Fifth Board of directors of the company. It is hereby announced.
Wangsu Science & Technology Co.Ltd(300017) board of directors February 21, 2022
