Securities code: 001979 securities abbreviation: China Merchants Shekou Industrial Zone Holdings Co.Ltd(001979) Announcement No. [cmsk] 2022-021 China Merchants Shekou Industrial Zone Holdings Co.Ltd(001979)
Announcement on providing guarantee for investment promotion in Shenzhen
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
In order to meet the needs of project construction, Shenzhen merchants Real Estate Co., Ltd. (hereinafter referred to as “Shenzhen merchants”), a wholly-owned subsidiary of China Merchants Shekou Industrial Zone Holdings Co.Ltd(001979) (hereinafter referred to as “the company” or “the company”), applied for a loan of 700 million yuan from China Merchants Bank Co.Ltd(600036) Shenzhen Branch (hereinafter referred to as ” China Merchants Bank Co.Ltd(600036) Shenzhen Branch”), with a loan term of 3 years. The company intends to assume joint and several guarantee liability for the above loans according to the shareholding ratio of 100%, the principal amount of the guarantee shall not exceed RMB 700 million, and the guarantee period is from the effective date of this guarantee to the date of debt maturity plus three years.
The company held the ninth meeting of the second board of directors and the 2020 annual general meeting of shareholders on March 19, 2021 and June 25, 2021 respectively, deliberated and adopted the proposal on considering the provision of guarantee limit for holding subsidiaries, and agreed that the company would provide guarantee limit of no more than 55 billion yuan for the credit business and other businesses of banks and other financial institutions of the company’s holding subsidiaries, Among them, the amount of guarantee provided by the company for holding subsidiaries with asset liability ratio of more than 70% shall not exceed 35 billion yuan, and the validity of the guarantee amount shall be from the date of deliberation and approval of the 2020 annual general meeting of shareholders to the date of resolution of the 2021 annual general meeting of shareholders. After this guarantee, the balance of the amount of guarantee provided by the company for the holding subsidiaries is RMB 17.303 billion, of which the balance of the amount of guarantee provided by the company for the holding subsidiaries with asset liability ratio of more than 70% is RMB 17.303 billion. This guarantee is within the scope of the above guarantee amount, and there is no need for the company to hold a separate board of directors and shareholders’ meeting for deliberation.
2、 Basic information of the guaranteed
Shenzhen merchants was established on May 5, 1984, with a registered capital of 3 billion yuan and legal representative: Peng Yiliang; The company holds 100% of its equity; Registered address: 29th floor, New Times Square, No. 1, Taizi Road, Shekou street, Nanshan District, Shenzhen; Company type: limited liability company (sole proprietorship of legal person). Business scope: mainly for real estate development and commercial housing sales; Housing construction engineering design services; Construction engineering decoration, decoration, engineering design and construction.
Main financial data of Shenzhen Merchants: as of January 31, 2022, the total assets were 29.9 billion yuan, the total liabilities were 12.85 billion yuan and the net assets were 17.05 billion yuan; In January 2022, the operating revenue was 47 million yuan and the net profit was 64 million yuan. As of December 31, 2021, the total assets are 30.001 billion yuan, the total liabilities are 13.083 billion yuan, the net assets are 16.918 billion yuan, and the balance of external guarantee is 9.809 billion yuan; From January to December 2021, the operating revenue was 6.201 billion yuan and the net profit was 1.215 billion yuan. Shenzhen merchants does not have the mortgage of land and projects under construction, and does not belong to the dishonest executee.
3、 Main contents of the guarantee agreement
The company plans to assume joint and several guarantee liability for the 700 million yuan loan applied by Shenzhen merchants to China Merchants Bank Co.Ltd(600036) Shenzhen Branch at the shareholding ratio of 100%. The principal amount of the guarantee shall not exceed 700 million yuan, and the guarantee period is from the effective date of this guarantee to the maturity date of the debt plus three years.
4、 Company opinion
Due to the needs of project construction, Shenzhen merchants supplement funds through financing, which is conducive to promoting its business development. Shenzhen merchants is a wholly-owned subsidiary of the company, with controllable financial risks and debt repayment ability, which will not affect the normal operation and business development of the company.
5、 Accumulated external guarantees and overdue guarantees
As of the announcement date, the total external guarantee of the company and its holding subsidiaries (excluding the sales mortgage guarantee provided by the subsidiaries to customers) was 40.934 billion yuan, accounting for 40.38% of the company’s latest audited net assets attributable to the shareholders of the parent company; The guarantee balance provided by the company and its holding subsidiaries to units outside the consolidated statements was 6.104 billion yuan, accounting for 6.02% of the net assets of the Company attributable to the shareholders of the parent company in the latest audit; The company and its holding subsidiaries did not have overdue guarantees, guarantees involving litigation and losses due to the judgment of losing the guarantee.
It is hereby announced.
China Merchants Shekou Industrial Zone Holdings Co.Ltd(001979) board of directors
February 22, 2002
