Securities code: 000998 securities abbreviation: Yuan Longping High-Tech Agriculture Co.Ltd(000998) Announcement No.: 2022-11 Yuan Longping High-Tech Agriculture Co.Ltd(000998)
Progress announcement on providing guarantee for wholly-owned 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 guarantee
Yuan Longping High-Tech Agriculture Co.Ltd(000998) (hereinafter referred to as “the company”) convened the 13th (Interim) meeting of the 8th board of directors by means of communication on January 24, 2022, and deliberated and adopted the proposal on providing guarantee for Anhui Yuan Longping High-Tech Agriculture Co.Ltd(000998) Seed Industry Co., Ltd. It is agreed that the company will provide joint and several liability guarantee for the loan applied by Anhui Yuan Longping High-Tech Agriculture Co.Ltd(000998) Seed Industry Co., Ltd. (hereinafter referred to as “Anhui Longping”) to Agricultural Bank Of China Limited(601288) Hefei Shushan District sub branch (hereinafter referred to as ” Agricultural Bank Of China Limited(601288) Hefei Shushan District sub branch”), with a guarantee amount of 30 million yuan and a validity period of 12 months, including main creditor’s rights, interest, liquidated damages Damages and expenses for realizing the claim. And authorize the legal representative of the company or the authorized agent designated in writing by the legal representative to sign relevant legal documents on behalf of the company.
For details, the company published in China Securities Journal, Shanghai Securities News, securities times and cninfo on January 25, 2022（ http://www.cn.info.com.cn. ）Announcement on the resolution of the 13th (Interim) meeting of the eighth board of directors (Announcement No.: 2022-02) and announcement on providing guarantee for Anhui Yuan Longping High-Tech Agriculture Co.Ltd(000998) Seed Industry Co., Ltd. (Announcement No.: 2022-04).
2、 Progress of guarantee
Recently, Anhui Longping, a wholly-owned subsidiary of the company, signed a working capital loan contract with Agricultural Bank Of China Limited(601288) Hefei Shushan District sub branch (hereinafter referred to as the “main contract”), and the company signed a guarantee contract with Agricultural Bank Of China Limited(601288) Hefei Shushan District sub branch, which agreed that the company would provide joint and several liability guarantee for the creditor’s rights formed between Agricultural Bank Of China Limited(601288) Hefei Shushan District sub branch and Anhui Longping according to the main contract. According to the relevant provisions of the Listing Rules of Shenzhen Stock Exchange and the self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 1 – standardized operation of listed companies on the main board, the company’s provision of the above guarantee for Anhui Longping is within the approval authority of the board of directors and does not need to be submitted to the general meeting of shareholders for deliberation.
3、 Basic information of the guaranteed
(I) basic information:
1. Name of the guaranteed: Anhui Yuan Longping High-Tech Agriculture Co.Ltd(000998) Seed Industry Co., Ltd
2. Date of establishment: May 13, 2002
3. Registered capital: RMB 100 million
4. Address: No. 533, Wangjiang West Road, high tech Zone, Hefei, Anhui
5. Legal representative: Cui Guanghai
6. Business scope: cultivation, reproduction, promotion and sales of crop seeds and seedlings; Agricultural hormones; Sales of chemical fertilizer; Shenzhen Agricultural Products Group Co.Ltd(000061) processing and related technical services; Import and export business of crop seeds (except those limited by the state).
7. Equity structure: the company holds 100% equity of Anhui Longping
(II) the main financial data and financial indicators of Anhui Longping are as follows:
Unit: 10000 yuan
December 31, 2021 December 31, 2020
(Unaudited) (audited)
Total assets 64893.22 87685.49
Total liabilities 33541.49 39331.76
Total current liabilities 33434.79 39222.54
Net assets 31351.73 48353.73
Project: January December 2021 January December 2020
(Unaudited) (audited)
Operating income 15842.79 14750.04
Total profit -10274.00 -3678.74
Net profit attributable to owners of parent company -10274.00 -3678.74
(III) Anhui Longping is not a dishonest person.
4、 Main contents of guarantee contract
(I) basic information of contract signing
1. Guarantor: Yuan Longping High-Tech Agriculture Co.Ltd(000998)
2. Debtor: Anhui Yuan Longping High-Tech Agriculture Co.Ltd(000998) Seed Industry Co., Ltd
3. Creditor: Agricultural Bank Of China Limited(601288) Hefei Shushan District sub branch
4. Types of principal creditor’s rights guaranteed and guaranteed principal amount: the types of principal creditor’s rights are short-term working capital loans; The guaranteed principal amount is 30 million yuan.
(II) guarantee scope
The scope of guarantee includes the loan principal, interest, default interest, compound interest, liquidated damages, damages payable by the debtor under the main contract, the interest and liquidated damages for delayed performance of the debt determined to be borne by the debtor and the guarantor in accordance with the relevant provisions of the Civil Procedure Law of the people’s Republic of China, preservation insurance premium, litigation (Arbitration) fee Lawyer’s fees and other expenses for creditors to realize their creditor’s rights.
(III) guarantee mode
The guarantee mode of this contract is joint and several liability guarantee.
(IV) guarantee period
Two years from the date of expiration of the debt performance period agreed in the main contract.
5、 Accumulated external guarantees and overdue guarantees
After this guarantee, the total amount of external guarantee of the company and its holding subsidiaries is 30 million yuan, accounting for 0.54% of the company’s latest audited net assets. Except for this guarantee, there is no overdue guarantee or guarantee involving litigation.
6、 Documents for future reference
(I) working capital loan contract;
(II) guarantee contract.
It is hereby announced
Yuan Longping High-Tech Agriculture Co.Ltd(000998) board of directors February 24, 2002
