Securities code: 002054 securities abbreviation: Dymatic Chemicals Inc(002054) Announcement No.: 2022-013
About the holding subsidiary applying for credit line from non related party banks
And the announcement of the estimated amount of relevant guarantee
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.
Special note: providing guarantees for holding subsidiaries, including guarantees for guaranteed objects with asset liability ratio of more than 70%, please pay attention to relevant risks.
1、 Overview of credit guarantee
Dymatic Chemicals Inc(002054) (hereinafter referred to as "the company") held the 13th meeting of the seventh board of directors on Friday, February 25, 2022, and deliberated and adopted the proposal on the application of holding subsidiaries for credit line and prediction of relevant guarantee line from non related party banks. Sichuan Tingjiang New Material Co., Ltd. (hereinafter referred to as "Sichuan Tingjiang"), Shantou DEMEI Industrial Co., Ltd. (hereinafter referred to as "Shantou company") and Weisheng Chemical Co., Ltd. (hereinafter referred to as "Weisheng company") are the holding subsidiaries of the company to meet the needs of daily operation and business development, It is proposed to apply for a credit line (including equivalent foreign currency) with a total amount of no more than 200 million yuan from a non related party bank; In order to improve the efficiency of the above holding subsidiaries in applying for financing from non related party banks, the company plans to provide Sichuan Tingjiang, Shantou and Weisheng companies with a total guarantee amount of no more than 200 million yuan (including equivalent foreign currencies), of which the guarantee amount provided to subsidiaries with asset liability ratio of more than 70% (including) is no more than 60 million yuan, The amount of guarantee provided to subsidiaries with asset liability ratio below 70% shall not exceed 140 million yuan. Guarantee methods include but are not limited to joint and several liability guarantee, mortgage guarantee, etc. The above guarantee amount includes the new guarantee and the extension or renewal of the original guarantee. The actual guarantee amount and guarantee period shall be subject to the finally signed guarantee contract.
According to the company law, the articles of association and other relevant provisions, this matter needs to be submitted to the general meeting of shareholders for deliberation and approval. The validity period of the credit and guarantee line is within 12 months from the date of adoption of the resolution of the general meeting of shareholders deliberating this proposal. Within the scope of the above credit and guarantee lines, subsidiaries need to handle the business within the above credit guarantee scope due to business needs, and there is no need to hold a separate board of directors or shareholders' meeting for deliberation; For the credit and guarantee beyond the above limit, the company will timely perform the obligations of decision-making and information disclosure in accordance with relevant regulations.
The board of directors of the company requests the general meeting of shareholders to approve and authorize the chairman of the company to approve the provision of credit and guarantee for each subsidiary and the adjustment of guarantee line between subsidiaries within the scope of the expected credit and guarantee line, and authorize the chairman of the company to sign relevant agreements and documents within 12 months from the date of deliberation and adoption of this proposal by the general meeting of shareholders.
2、 Expected details of guarantee amount
Proportion of the guaranteed party's latest guarantee amount
The shareholding ratio of the guaranteed party to the guarantor in the latest period of assets up to now, whether the guaranteed listed company is the most relevant party, the liability ratio, the amount of guarantee balance and the proportion of net assets in the latest period of guarantee assets
Guangdong Demei fine Technology Co., Ltd. and Sichuan Tingjiang New Technology Co., Ltd
Chemical materials 85.44% 45.55% 0.7000 3.61% no
Group Co., Ltd. 10000 yuan
Guangdong Demi fine Co., Ltd. Shantou Demi
Chemical Industry Co., Ltd. 100% 25.19% 0 7000 3.61% no
Group Si Wanyuan
Guangdong Demei fine Technology Co., Ltd
Chemical Weisheng chemical has 100% 95.30% 0 6000 3.09% no
Group Co., Ltd. 10000 yuan
limited company
3、 Basic information of the guaranteed
The basic information of the guaranteed subject involved in the estimated guarantee amount is as follows:
(I) Sichuan Tingjiang New Material Co., Ltd
1. Company name: Sichuan Tingjiang New Material Co., Ltd
2. Date of establishment: December 3, 2010
3. Registered capital: 60 million yuan
4. Registered address: Section 3, Chaoyang Avenue, Shifang Economic Development Zone (North District), Sichuan
5. Legal representative: Xu Xingong
6. Business scope: production and sales of leather chemicals, plant tannins and new cleaning materials for leather making; Production and sales of chemical products; Sales and research of forest products chemicals, animal feed and animal feed additives; Primary Shenzhen Agricultural Products Group Co.Ltd(000061) sales; Import and export business of the above projects; Agricultural technology research; Road transportation of ordinary goods (business activities shall be carried out with a valid license). (the above production and sales items do not include food, drugs, dangerous chemicals and precursor chemicals)
7. The shareholding structure of Sichuan Tingxin Co., Ltd. is as follows:
Shareholder name subscribed shares (10000 shares) shareholding ratio (%)
Dymatic Chemicals Inc(002054) 5,126.695 85.44%
Guangdong Yuecai Trust Co., Ltd. 725.305 12.09%
Huang Liangying 100.00 1.67%
Qianzhu 48.00 0.8%
Total 6000 100%
8. The main financial data are as follows:
Unit: 10000 yuan
Main financial indicators September 30, 2021 (Unaudited) December 31, 2020 (audited)
Total assets 41227.41 36063.76
Total liabilities 18975.88 16426.01
Net assets 22251.53 19637.75
Main financial indicators January September 2021 (Unaudited) 2020 (audited)
Operating income 27309.20 26286.02
Total profit 3867.53 4385.18
Net profit 3176.05 2927.90
9. Upon inquiry, Sichuan Tingjiang New Material Co., Ltd. is not a dishonest executee.
(II) Shantou Demi Industrial Co., Ltd. 1. Company Name: Shantou Demi Industrial Co., Ltd
2. Date of establishment: July 16, 2004
3. Registered capital: 3 million yuan 4. Registered address: beside Chensha Road, Xixi village, Longtian Town, Chaonan District, Shantou 5. Legal representative: Guo Junhai 6. Business scope: production and sales: textile printing and dyeing auxiliaries and leather auxiliaries (excluding hazardous chemicals in the above projects) 7. Affiliated relationship and equity structure: Shantou Demi Industrial Co., Ltd. is a wholly-owned subsidiary of the company, The company holds 100%. 8. The main financial data are as follows:
Unit: 10000 yuan
Main financial indicators September 30, 2021 (Unaudited) December 31, 2020 (audited)
Total assets 4995.94 3394.92
Total liabilities 2210.95 855.33
Net assets 2784.99 2539.59
Main financial indicators January September 2021 (Unaudited) 2020 (audited)
Operating income 4223.41 3303.36
Total profit 293.00 150.33
Net profit 245.41 130.99
9. Upon inquiry, Shantou DEMEI Industrial Co., Ltd. is not a dishonest executee.
(III) Weisheng Chemical Co., Ltd
1. Company name: Weisheng Chemical Co., Ltd
2. Date of establishment: May 30, 2003
3. Share capital: HK $100
4. Registered address: room 2702-3, 27th floor, harbour centre, Bank of East Asia, 56 Gloucester Road, Wanchai, Hong Kong
5. Contributor: Dymatic Chemicals Inc(002054)
6. Scope: chemical products trade
7. Related relationship and ownership structure: Weisheng Chemical Co., Ltd. is a wholly-owned subsidiary of the company, and the company holds 100%.
8. The main financial data are as follows:
Unit: 10000 yuan
Main financial indicators June 30, 2021 (audited) December 31, 2020 (audited)
Total assets 1946.30 1352.09
Total liabilities 1945.80 1288.58
Net assets 0.49 63.51
Main financial indicators January June 2021 (audited) 2020 (audited)
Operating income 2860.99 4267.59
Total profit
