Securities code: 600979 securities abbreviation: Sichuan Guangan Aaa Public Co.Ltd(600979) Announcement No.: 2022-005 Sichuan Guangan Aaa Public Co.Ltd(600979)
Announcement on the holding subsidiary applying for comprehensive credit from the bank with its own assets mortgaged and pledged
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. 1、 Transaction overview
(I) basic information of applying for comprehensive credit
Sichuan Yuechi Aizhong Electric Power Co., Ltd. (hereinafter referred to as "Yuechi electric power"), the holding subsidiary of Sichuan Guangan Aaa Public Co.Ltd(600979) (hereinafter referred to as "the company"), intends to pledge the land use right of its own comprehensive service building and the real estate of FuliuTan hydropower station, and the electricity charge right of FuliuTan hydropower station as pledge, Apply to China Agricultural Bank Of China Limited(601288) Yuechi sub branch for a comprehensive credit of no more than 180 million yuan, including a bank loan of no more than 80 million yuan.
(II) purpose of applying for comprehensive credit
The main purpose of applying for comprehensive credit is to meet the capital needs of Yuechi power's own production and operation.
(III) overview of applying for comprehensive credit and related guarantees
In order to choose the best loan method, Yuechi power actively contacted three financial institutions (Agricultural Bank of China, China Construction Bank and ICBC) to connect financing matters in the early stage, and now has reached a preliminary agreement with China Agricultural Bank Of China Limited(601288) Yuechi sub branch (hereinafter referred to as " Agricultural Bank Of China Limited(601288) "). Yuechi electric power plans to use its own land use right of comprehensive service building and real estate mortgage guarantee of FuliuTan hydropower station. At the same time, Yuechi electric power plans to apply for a comprehensive credit of no more than 180 million yuan from Agricultural Bank Of China Limited(601288) with a bank loan limit of no more than 80 million yuan, a loan term of no more than 10 years, a five-year interest rate, and no upward floating LPR, The loan contract signed between Yuechi power and Agricultural Bank Of China Limited(601288) shall prevail.
According to the relevant provisions of the articles of association, the application for comprehensive credit and related guarantees 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.
The above matters do not constitute a major asset restructuring as stipulated in the administrative measures for major asset restructuring of listed companies, and the company and its holding subsidiaries do not form a related relationship with the above banks.
(IV) internal decision-making procedures
On February 23, 2022, the 26th meeting of the sixth board of directors of the company considered and approved the proposal on the holding subsidiary applying for comprehensive credit from the bank with its own assets mortgaged and pledged. The meeting agreed that Yuechi power would use its own land use right of comprehensive service building and the real estate of FuliuTan hydropower station as collateral, As a pledge, the electricity charge right of FuliuTan hydropower station is applied to Agricultural Bank Of China Limited(601288) for a comprehensive credit of no more than 180 million yuan, of which the bank loan line is no more than 80 million yuan, the loan term is no more than 10 years, the interest rate is 5 years, and the LPR does not rise, which is subject to the loan contract signed.
2、 Basic information of holding subsidiaries
1. Name of holding subsidiary: Sichuan Yuechi Aizhong Power Co., Ltd
2. Date of establishment: March 14, 2003
3. Nature of the company: other limited liability companies
4. Registered address: No. 1, Xindong street, Jiulong Town, Yuechi County
5. Legal representative: Wu Lijun
6. Business scope: power production, power supply and power engineering construction; Survey, design, installation and commissioning of power transmission and transformation projects of 35 kV and below and power station projects of 3000 kW and below; Sales of electrical equipment, electrical instruments, hardware, electricity, daily sundries, department stores and building materials; Maintenance and calibration of electrical equipment and instruments.
7. Registered capital: 130 million yuan
8. Ownership structure:
Capital contribution
No. shareholder name shareholding ratio (10000 yuan)
1 Sichuan Guangan Aaa Public Co.Ltd(600979) 9100 70%
2 Sichuan Yuechi Yintai investment (holding) Co., Ltd. 3900 30%
Total 13000 100%
9. Main financial data:
Unit: Yuan
September 30, 2021 December 31, 2020
project
(Unaudited) (audited)
Total assets 1137672012.17 1152353004.30
Net assets 349317246.29 349538876.75
Operating income 309244613.45 418558667.46
Net profit 9778369.54 12298214.94
Asset liability ratio 69.29% 69.67%
3、 Basic information of holding subsidiaries' mortgage and pledge of their own assets
(I) the self owned assets used for mortgage this time are as follows:
Book value no. of collateral asset name property owner asset Certificate No. address
Value (yuan)
Silk Road III
North of section and
Sichuan (2018) Yuechi County
Landscape in front of land use station
1 Yuechi power real estate No. 0014736 13525312.50 west of Quanda Avenue
number
Place of intersection
block
Yue Zi No. 00044838 Yuechi County Luo
2 real estate property Yuechi power 5174947.54 duxiao town
Yue Guoyong (2014) Yuechi County Luo
3 real estate property Yuechi electric power 1148480.00 00033 duxiao town
Yue Zi No. 00044839 Yuechi County Luo
4 real estate property Yuechi power 63356734.79 duxiao town
Yue Guoyong (2014) Yuechi County Luo
5 real estate property Yuechi electric power 2281440.00 00035 duxiao town
As of February 23, 2022, the book value of the mortgaged assets was 85.4869 million yuan (Unaudited), accounting for 0.97% of the company's latest audited total assets and 2.03% of the company's latest audited net assets.
(II) the self owned assets used for pledge this time are as follows:
This time, Yuechi electric power provided pledge guarantee with the electricity charge right of FuliuTan hydropower station.
4、 Opinions of the board of directors
Yuechi power's application for comprehensive credit this time is conducive to promoting its normal production and operation. Therefore, the board of directors of the company agreed that Yuechi power should apply for a comprehensive credit of no more than 180 million yuan to Agricultural Bank Of China Limited(601288) , of which the bank loan line should not exceed 80 million yuan.
The independent directors of the company expressed their independent opinions and believed that the application for comprehensive credit is conducive to the sustainable and healthy development of Yuechi power and in line with the overall interests of the company and all shareholders. The review procedure is legal and effective and will not harm the interests of the company and shareholders, especially the interests of small and medium-sized investors.
5、 Accumulated external guarantees and overdue guarantees
As of September 30, 2021, the total amount of external guarantees of the company and its holding subsidiaries was 8.2058 million yuan, accounting for 0.19% of the company's latest audited net assets. The total amount of guarantee provided by the company to its holding subsidiaries was 802.081 million yuan, accounting for 19% of the company's latest audited net assets.
6、 Documents for future reference
1. Resolutions of the 26th meeting of the 6th board of directors of the company;
2. Sichuan Guangan Aaa Public Co.Ltd(600979) independent opinions of independent directors.
It is hereby announced.
Sichuan Guangan Aaa Public Co.Ltd(600979) board of directors February 24, 2022
