Securities code: 002705 securities abbreviation: Guangdong Xinbao Electrical Appliances Holdings Co.Ltd(002705) announcement Code: (2022) No. 002 Guangdong Xinbao Electrical Appliances Holdings Co.Ltd(002705)
Progress announcement on guarantee for wholly-owned subsidiaries
Guangdong Xinbao Electrical Appliances Holdings Co.Ltd(002705) (hereinafter referred to as ” Guangdong Xinbao Electrical Appliances Holdings Co.Ltd(002705) “, “the company” or “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 guarantee
Guangdong Xinbao Electrical Appliances Holdings Co.Ltd(002705) the second meeting of the sixth board of directors held on April 27, 2021 and the 2020 annual general meeting of shareholders held on May 21, 2021 considered and approved the proposal on the company’s provision of guarantee for subsidiaries in 2021, It is agreed that the company will provide joint and several liability guarantee of no more than RMB 400 million for the financing business (for non current capital loan, working capital loan, opening of bank acceptance bill, letter of credit, discount of commercial acceptance bill, documentary bill and other businesses) of Chuzhou Dongling Electric Appliance Co., Ltd. (hereinafter referred to as “Chuzhou Dongling”), a wholly-owned subsidiary. For details, please refer to the company’s website on April 28, 2021（ http://www.cn.info.com.cn. ）Announcement of Guangdong Xinbao Electrical Appliances Holdings Co.Ltd(002705) on providing guarantee for subsidiaries (Announcement No.: 2021-028).
2、 Guarantee progress
On February 22, 2022, the company and China Construction Bank Corporation(601939) Chuzhou Tianchang road sub branch (hereinafter referred to as ” China Construction Bank Corporation(601939) Chuzhou sub branch” and “Party B”) signed the “maximum principal guarantee contract” with the number of “xb20220222”, and agreed to provide joint and several liability guarantee for a series of debts under the main financing contract signed by Chuzhou Dongling and China Construction Bank Corporation(601939) Chuzhou sub branch, The scope of guarantee is the principal balance of no more than RMB 100 million under the main contract, the debt interest that should be doubled during the delayed performance of effective legal documents such as interest, liquidated damages, compensation, judgment or mediation, other payments that should be paid by the debtor to Party B, and all expenses incurred by Party B to realize its creditor’s rights and security rights.
3、 Basic information of this guarantee
Percentage of guarantee amount
After the approval of the guarantor and the secured party, the total amount used this time is available
Whether the listed company is most concerned with the guarantee amount of the guarantor’s shareholding in the latest period of capital guarantee amount guarantee amount guarantee amount
The proportion of net assets guaranteed by the insurer in the recent period, asset liability ratio (10000 yuan) (10000 yuan) (10000 yuan)
Production ratio
Xinbao Chuzhou
100% 59.09% 40000 10000 7250 6.60% no shares of Dongling
4、 Main contents of the maximum principal guarantee contract
1. Guarantor (Party A): Guangdong Xinbao Electrical Appliances Holdings Co.Ltd(002705)
Creditor (Party B): China Construction Bank Corporation(601939) Chuzhou Tianchang road sub branch
Debtor: Chuzhou Dongling Electric Appliance Co., Ltd
2. Secured principal creditor’s rights: the debtor’s rights from February 22, 2022 to February 21, 2025
(hereinafter referred to as “main contract signing period”) sign RMB fund loan contract and foreign exchange fund loan contract with creditors
Same, bank acceptance agreement, L / C issuing contract, letter of guarantee issuing agreement and / or other legal documents (in
The above contracts, agreements and / or other legal documents signed during the signing of the main contract (hereinafter referred to as the “main contract”)
A series of debts.
3. Scope of guarantee: the principal balance and interest not exceeding RMB 100 million under the main contract
(including compound interest and penalty interest), liquidated damages, compensation, judgment or mediation and other effective legal documents are delayed in performance
The debt interest that should be doubled during the period and other payments that the debtor should pay to Party B (including but not limited to Party B)
Relevant handling charges, telecommunication charges, miscellaneous charges advanced by us, and relevant bank charges refused to be borne by the beneficiary under the letter of credit
All expenses incurred by Party B to realize the creditor’s rights and security rights (including but not limited to legal fees, arbitration fees, etc.)
Adjudication fee, property preservation fee, travel expense, execution fee, evaluation fee, auction fee, notarization fee, service fee and announcement fee
Fees, attorney fees, etc.).
4. Guarantee mode: joint and several liability guarantee.
5. Warranty period:
(1) The guarantee period under this contract shall be calculated separately according to the single credit business handled by Party B for the debtor,
That is, from the date of signing the main contract of a single credit business to the debt performance period of the debtor under the main contract
Three years after the expiration date.
(2) If Party B and the debtor reach an agreement on the extension of the debt performance period under the main contract, the guarantee period shall expire
Three years after the expiration of the debt performance period re agreed in the extension agreement. The extension does not need the consent of the guarantor, and the guarantor still needs to bear joint and several guarantee liabilities.
(3) In case of any event stipulated by laws and regulations or agreed in the main contract, if Party B declares that the debt is due in advance, the guarantee period shall end three years after the date of early maturity of the debt.
5、 Accumulated external guarantees and overdue guarantees
As of the date of this announcement, the total amount of external guarantee of the company is 1950 million yuan, all of which are guarantees provided by the company to subsidiaries, accounting for 31.95% of the net assets of the company’s audited consolidated statements in 2020; The total amount of external guarantee contracts actually signed and being performed by the company is 673.5 million yuan (US dollars are temporarily converted at the exchange rate of 6.5), all of which are guarantees provided by the company to subsidiaries, accounting for 11.16% of the company’s audited net assets attributable to shareholders of Listed Companies in 2020.
The company and its subsidiaries have no other external guarantees, no overdue guarantees, guarantees involving litigation and losses due to the judgment of losing the guarantee.
6、 Documents for future reference
The maximum principal guarantee contract signed by the company and China Construction Bank Corporation(601939) Chuzhou sub branch.
It is hereby announced!
Guangdong Xinbao Electrical Appliances Holdings Co.Ltd(002705) board of directors
February 23, 2022
