Securities code: 601952 securities abbreviation: Jiangsu Provincial Agricultural Reclamation And Development Co.Ltd(601952) Announcement No.: 2022-003 Jiangsu Provincial Agricultural Reclamation And Development Co.Ltd(601952)
Supplementary announcement on planning to acquire assets
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
Jiangsu Provincial Agricultural Reclamation And Development Co.Ltd(601952) (hereinafter referred to as “the company”) was posted on the website of Shanghai Stock Exchange (www.sse. Com. CN.) on February 23, 2022 The suggestive announcement on planning to acquire assets (Announcement No.: 2022-002) was disclosed. The company plans to acquire 100% equity of Jiangsu Nongken malt Co., Ltd. (hereinafter referred to as the “target company”) held by the controlling shareholder Jiangsu Nongken Group Co., Ltd. in cash. The relevant information on this matter is supplemented as follows:
1、 Main financial information of the subject company
The main financial data of the target company Jiangsu Nongken malt Co., Ltd. as of November 30, 2021 are as follows:
Unit: 10000 yuan
Project: November 30, 2021 December 31, 2020
Total assets 87004.29 78002.36
Total liabilities 66776.66 59752.53
Net assets 20227.63 18249.84
Project from January 1, 2021 to November 30, 2020
Operating income 74536.55 65576.1
Net profit 1060.59 -225.61
The above data have not been audited
2、 Main financial information of the counterparty
The main financial data of the counterparty Jiangsu Agricultural Reclamation Group Co., Ltd. are as follows:
Unit: 10000 yuan
December 31, 2021 December 31, 2020
Total assets 4078855.18 3505046.36
Total liabilities 1750992.04 1484206.33
Net assets 2327863.14 2020840.04
Project year 2021 to 2020
Operating income 1798779.64 1442630.90
Net profit 302780.99 261677.19
The above data have not been audited
3、 Main related party transactions between the company and the counterparty
In 2021, the main related party transactions between the company and the counterparty and its wholly-owned subsidiaries are as follows:
1. The related party transaction amount of 955000 mu of cultivated land owned by the contracting counterparty of the company is 382 million yuan; 2. The related party transaction amount of the company selling big wheat to Jiangsu Nongken malt Co., Ltd., a wholly-owned subsidiary of the counterparty, is 54.0897 million yuan;
3. The company sold whole plant corn to Jiangsu Lianyungang Port Co.Ltd(601008) Dongwang dairy farming Co., Ltd., a wholly-owned subsidiary of the counterparty, with a related party transaction amount of 16.7163 million yuan;
4. The amount of related party transactions in the office space of Jiangsu Nongken Real Estate Co., Ltd., a wholly-owned subsidiary of the company (and its subsidiaries) leasing counterparty, is 7.3116 million yuan (including property service fee).
4、 Risk tips
The transaction is still in the intentional planning stage, the final transaction price, transaction scheme and other matters have not been determined, and the transaction matter needs to be submitted to the company’s board of directors, board of supervisors and general meeting of shareholders for deliberation and decision-making in accordance with the provisions of the articles of association. There is uncertainty about whether or when the resolution can be passed. Please pay attention to investment risks.
In addition to the above Announcement No.: 2022-002, please pay attention to the supplementary contents of the company’s investment planning.
It is hereby announced.
Jiangsu Provincial Agricultural Reclamation And Development Co.Ltd(601952) board of directors February 24, 2022
