Securities code: 300599 securities abbreviation: Guangdong Xiongsu Technology Group Co.Ltd(300599) Announcement No.: 2022-005 Guangdong Xiongsu Technology Group Co.Ltd(300599)
Announcement on the progress of wholly-owned subsidiaries competing for the use right of state-owned construction land and foreign investment
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 foreign investment
Guangdong Xiongsu Technology Group Co.Ltd(300599) (hereinafter referred to as “the company”) held the 11th meeting of the third board of directors and the 10th meeting of the third board of supervisors on January 22, 2021, and the first extraordinary general meeting of shareholders in 2021 on February 8, 2021, The proposal on the investment and construction of polymer material production base and scientific research center project by the wholly-owned subsidiary of the company and the proposal on the signing of project entry agreement between the wholly-owned subsidiary of the company and the Management Committee of Nanning Economic and Technological Development Zone were reviewed and approved, It is agreed that the wholly-owned subsidiary Guangxi Guangdong Xiongsu Technology Group Co.Ltd(300599) Development Co., Ltd. (hereinafter referred to as “Guangxi xiongsu”) and the Management Committee of Nanning Economic and Technological Development Zone sign the project entry agreement (hereinafter referred to as “entry agreement”), For details, please refer to the announcement on the project of wholly-owned subsidiaries investing in the construction of polymer material production base and scientific research center and signing the project entry agreement (Announcement No. 2021-004) disclosed by the company on cninfo.com, the designated information disclosure media, on January 23, 2021. As the originally proposed site involves administrative planning adjustment, the project needs to be located separately. Through friendly negotiation, in accordance with relevant laws, regulations, policies and regulations of China and on the basis of the entry agreement, both parties signed the project supplementary agreement (hereinafter referred to as the “supplementary agreement”) on December 14, 2021, For details, see the announcement on signing the supplementary agreement between the wholly-owned subsidiary and the Management Committee of Nanning Economic and Technological Development Zone (Announcement No. 2022-001) disclosed by the company on cninfo.com, the designated information disclosure media, on January 1, 2022.
2、 Progress of this transaction
Recently, Guangxi xiongsu won the state-owned construction land use right of phase III plot No. gc2022-003 in Nanning in 2022 with a total price of 46946792 yuan (in words: forty-six million nine hundred and forty-six thousand seven hundred and ninety-two yuan), And signed the transaction confirmation of public transfer of state-owned construction land use right in Nanning; Subsequently, Guangxi xiongsu will sign the contract for the transfer of state-owned construction land use right with relevant government departments according to the approval process and handle the corresponding ownership certificate and other matters.
The acquisition of the right to use state-owned construction land in this auction does not constitute a related party transaction, nor does it constitute a major asset reorganization specified in the administrative measures for major asset reorganization of listed companies, and it is not necessary to submit it to the board of directors and the general meeting of shareholders for deliberation and approval.
3、 Basic information of competing for land
(I) parcel No.: gc2022-003
(II) the parcel is located in the east of Nanning Wuwei town airport expressway extension line and the west of Qihang road
(III) transferred area (M2): 107923.66m ²
(IV) transfer period: 50 years
(V) transaction price: RMB 46946792
4、 The impact of the land acquisition on the company
The land obtained in this auction is mainly used for Guangxi xiongsu to implement the “polymer material production base and scientific research center project”, which is conducive to the expansion of the company’s business, improve the company’s business undertaking ability, further expand the product market strategic layout, enhance the company’s sustainable profitability and comprehensively promote the overall development of the company. This land auction will not have an adverse impact on the company’s financial and operating conditions, and there is no situation damaging the interests of the company and all shareholders.
5、 Risk tips
Guangxi xiongsu will sign the contract for the transfer of state-owned construction land use right with relevant government departments according to the approval process and handle the corresponding ownership certificate and other matters. There are certain uncertainties in relevant matters. In addition, the planning, construction and other approval matters required for the commencement of construction and production and operation of the project also need to be approved by the relevant competent departments, and there are certain uncertainties in the future economic benefits. The company will timely perform the obligation of information disclosure in accordance with relevant regulations. Please pay attention to investment risks.
6、 Documents for future reference
1. Transaction confirmation of public transfer of state-owned construction land use right in Nanning.
It is hereby announced.
Guangdong Xiongsu Technology Group Co.Ltd(300599) board of directors
February 25, 2002
