Huaxi Securities Co.Ltd(002926)
About Dymatic Chemicals Inc(002054)
Verification opinions on the expected credit line and relevant guarantee line applied by the holding subsidiary to the Bank of non related parties
Huaxi Securities Co.Ltd(002926) (hereinafter referred to as ” Huaxi Securities Co.Ltd(002926) ” or “sponsor”) as a sponsor of Dymatic Chemicals Inc(002054) (hereinafter referred to as ” Dymatic Chemicals Inc(002054) ” or “company”) non-public offering of shares, In accordance with the measures for the administration of securities issuance and listing recommendation business, the stock listing rules of Shenzhen Stock Exchange, the self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 13 – recommendation business, and the self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 1 – standardized operation of listed companies on the main board and other relevant provisions, Prudential verification has been conducted on the expected matters of Dymatic Chemicals Inc(002054) holding subsidiary’s application for credit line and relevant guarantee line from non related party banks. The details are as follows:
1、 Overview of guarantee
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 decision-making and letter of credit in accordance with relevant regulations
Interest disclosure obligations.
The board of directors of the company requests the general meeting of shareholders to approve and authorize the chairman of the company to increase the expected credit and guarantee amount this time
To examine and approve the provision of credit and guarantee for each subsidiary and the adjustment of guarantee line between subsidiaries within the scope of degree, and
Authorize the chairman of the company to sign relevant agreements and documents, and the authorization period is from the deliberation and approval of the shareholders’ meeting
12 from the date when the joint-stock subsidiary applies to the Bank of non related party for credit line and the proposal on the estimation of relevant guarantee line
Within months.
2、 Expected details of guarantee amount
Unit: 10000 yuan
Guaranteed amount
Up to now, the guarantor has assumed whether the new listed company is related to whether the shareholding ratio of the guarantor and the guaranteed party in the first phase of the asset insurance balance increases the net assets of the guarantee department in the period of the liability limit of the latest guaranteed assets
Rate ratio
Guangdong Demi fine chemicals Sichuan Tingjiang new material 85.44% 45.55% 0.00 7000.00 3.61% no
Group Co., Ltd
Guangdong Demi fine chemicals Shantou Demi industry 100% 25.19% 0.00 7000.00 3.61% no
Group Co., Ltd
Guangdong Demi fine chemical Weisheng Chemical Co., Ltd. 100% 95.30% 0.00 6000.00 3.09% no
Group Co., Ltd
3、 Basic information of the guaranteed party
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; turn
Production and sales of industrial products; Sales and research of forest products chemicals, animal feed and animal feed additives; Primary agriculture
Product sales; Import and export business of the above projects; Agricultural technology research; Road transportation of ordinary goods (with valid certificate)
Permit to carry out business activities). (the above production and sales items do not include food, drugs and dangerous chemicals
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 0.80%
Total 6000.00 100%
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 DEMEI Industrial Co., Ltd
1. Company name: Shantou DEMEI 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. Related relationship and ownership structure: Shantou DEMEI Industrial 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 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 center, Bank of East Asia, 56 Gloucester Road, Wanchai, Hong Kong 5. Investor: 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
