Securities code: 002151 securities abbreviation: Beijing Bdstar Navigation Co.Ltd(002151) Announcement No.: 2022-013 Beijing Bdstar Navigation Co.Ltd(002151)
Correction announcement on the supplementary announcement on providing guarantee for subordinate holding 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.
Beijing Bdstar Navigation Co.Ltd(002151) (hereinafter referred to as "the company") disclosed the supplementary announcement on providing guarantee for subordinate holding subsidiaries (Announcement No.: 2022-012) in China Securities Journal, securities times and cninfo on February 24, 2022. Due to staff errors, Under "I. guarantee related conditions" (I) ownership structure of Jiangsu Beidou, " Beijing Bdstar Navigation Co.Ltd(002151) Zhilian Technology Co., Ltd." and "Beijing Beidou Haisong industrial development and Investment Center (limited partnership)" are mistakenly written as " Beijing Bdstar Navigation Co.Ltd(002151) (Chongqing) Intelligent Technology Development Co., Ltd." and "Beijing Beidou Haisong Industrial Development and Investment Management Center (limited partnership)", It is hereby corrected as follows:
Before correction:
1、 Guarantee related information
(I) ownership structure of Jiangsu Beidou
Huarui Century Holdings Beijing Beijing Bdstar Navigation Co.Ltd(002151) navigation technology
Group Co., Ltd
98% 100%
Jiaxing Haisong Shouzheng equity investment Beijing Bdstar Navigation Co.Ltd(002151) (Chongqing) automobile Beijing Beidou Haisong industrial development investment partnership (limited partnership) Electronics Co., Ltd. Asset Management Center (limited partnership) 36.25% 47.08% 16.67%
Beijing Bdstar Navigation Co.Ltd(002151) (Chongqing) intelligent
Technology Development Co., Ltd
100%
Shenzhen Xugang Electronics Co., Ltd
limited company
100%
Jiangsu Beijing Bdstar Navigation Co.Ltd(002151) automobile
Electronics Co., Ltd
After correction:
1、 Guarantee related information
(I) ownership structure of Jiangsu Beidou
Huarui Century Holdings Beijing Beijing Bdstar Navigation Co.Ltd(002151) navigation technology
Group Co., Ltd
98% 100%
Jiaxing Haisong Shouzheng equity investment Beijing Bdstar Navigation Co.Ltd(002151) (Chongqing) automobile Beijing Beidou Haisong industrial development investment partnership (limited partnership) Electronics Co., Ltd. asset Center (limited partnership) 36.25% 47.08% 16.67%
Beijing Bdstar Navigation Co.Ltd(002151) Zhilian Technology
company with limited liability
100%
Shenzhen Xugang Electronics Co., Ltd
limited company
100%
Jiangsu Beijing Bdstar Navigation Co.Ltd(002151) automobile
Electronics Co., Ltd
In addition to the above contents, other contents of the original announcement remain unchanged. See the annex for the corrected supplementary announcement on providing guarantee for subordinate holding subsidiaries. The Company Apologizes for the inconvenience caused to investors.
It is hereby announced.
Beijing Bdstar Navigation Co.Ltd(002151) board of directors February 24, 2022
enclosure:
Beijing Bdstar Navigation Co.Ltd(002151)
Supplementary announcement on providing guarantee for subordinate holding 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.
Beijing Bdstar Navigation Co.Ltd(002151) (hereinafter referred to as "the company") issued the announcement on providing guarantee for subordinate holding subsidiaries (Announcement No.: 2022-010) in China Securities Journal, securities times and cninfo on February 22, 2022, The company has disclosed the matter of providing a certain proportion of guarantee for the bank's application for credit extension for its holding subsidiary Jiangsu Beijing Bdstar Navigation Co.Ltd(002151) Automotive Electronics Co., Ltd. (hereinafter referred to as "Jiangsu Beidou"). The relevant information is supplemented as follows:
1、 Guarantee related information
(I) ownership structure of Jiangsu Beidou
Huarui Century Holdings Beijing Beijing Bdstar Navigation Co.Ltd(002151) navigation technology
Group Co., Ltd
98% 100%
Jiaxing Haisong Shouzheng equity investment Beijing Bdstar Navigation Co.Ltd(002151) (Chongqing) automobile Beijing Beidou Haisong industrial development investment partnership (limited partnership) Electronics Co., Ltd. asset Center (limited partnership) 36.25% 47.08% 16.67%
Beijing Bdstar Navigation Co.Ltd(002151) Zhilian Technology
company with limited liability
100%
Shenzhen Xugang Electronics Co., Ltd
limited company
100%
Jiangsu Beijing Bdstar Navigation Co.Ltd(002151) automobile
Electronics Co., Ltd
(II) guarantee proportion
In June 2020, Beidou Zhilian introduced Beijing Beidou Haisong Industrial Development Investment Center (limited partnership) (hereinafter referred to as "Beidou Haisong fund") as a financial investor to increase capital and take shares of 16.6667%, resulting in the dilution of the shareholding ratio of the company and Huarui century to 47.08% and 36.2533% respectively.
Beidou Haisong fund is jointly invested and established by the company, Huarui century and Beijing Economic and Information Bureau gaojingjian fund.
According to Article 8 of Several Provisions on strengthening the supervision of private investment funds (CSRC announcement [2020] No. 71) issued by China Securities Regulatory Commission on January 8, 2021 and the relevant provisions of Chapter 3 of the Interim Measures for the administration of government investment funds issued by the Ministry of finance, Beidou Haisong fund cannot provide guarantee or counter guarantee for this bank credit extension of Jiangsu Beidou.
Therefore, Jiangsu Beidou applied to the bank for a credit line of 20 million yuan due to daily business needs. The company provided joint and several liability guarantee at the proportion of 56.5%, and Huarui century provided joint and several liability guarantee at the proportion of 43.5%.
2、 Impact of this external guarantee on the company
The company's holding subsidiary Beijing Bdstar Navigation Co.Ltd(002151) Zhilian Technology Co., Ltd. (hereinafter referred to as "Beidou Zhilian") holds 100% equity of Jiangsu Beidou. As the production base of automobile intelligent network under Beidou Zhilian, Jiangsu Beidou has a good reputation in the industry. It has passed the certification of many Chinese automobile manufacturers and is a high-tech enterprise in Jiangsu Province.
As of December 31, 2021, Jiangsu Beidou has unaudited total assets of 1.177 billion yuan and total liabilities of 942 million yuan, with an asset liability ratio of 80.03%. After deducting 170 million yuan of customer prepayment, the asset liability ratio is 65.59%, and the debt repayment risk is within a controllable range; As of December 31, 2021, its unaudited net profit was 25.1367 million yuan, and its profitability was sufficient to cover the loan amount of Jiangsu Beidou. The revenue scale of Jiangsu Beidou in 2021 was nearly 100% higher than that in 2020, and the growth trend of revenue scale was significant, indicating the long-term good trend of rapid development of Jiangsu Beidou.
At the same time, up to now, the company has authorized Beijing Bdstar Navigation Co.Ltd(002151) Zhilian Technology Co., Ltd. (hereinafter referred to as "Beidou Zhilian") to raise an amount of 300 million yuan, 273 million funds have been in place, and the remaining funds are also actively carrying out communication work. As a wholly-owned subsidiary of Beidou Zhilian, Jiangsu Beidou is the main production and manufacturing base of Beidou Zhilian. Some of the funds raised by Beidou Zhilian are specially used for the operation of Jiangsu Beidou.
To sum up, Jiangsu Beidou has a good operation, sufficient development funds and no operation risk. The financial risk of the company's guarantee is within the company's control. It will not damage the interests of the company and shareholders, and will not have an adverse impact on the company and its holding subsidiaries.
3、 Other relevant instructions
Up to now, the company and its holding subsidiaries have no overdue creditor's rights guaranteed externally, and there is no guarantee amount involved in litigation and the amount of loss that should be borne due to the judgment of losing the guarantee.
It is hereby announced.
Beijing Bdstar Navigation Co.Ltd(002151) board of directors February 24, 2022
