Securities code: 002221 securities abbreviation: Oriental Energy Co.Ltd(002221) Announcement No.: 2022-010 Oriental Energy Co.Ltd(002221)
Announcement on the resolution of the 35th meeting of the 5th board of directors
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.
The notice of the 35th meeting of the 5th board of directors of Oriental Energy Co.Ltd(002221) (hereinafter referred to as “the company” or ” Oriental Energy Co.Ltd(002221) “) was notified to all directors in writing, fax and e-mail on February 14, 2022. The board meeting was held in the company’s conference room on February 25, 2022. There are 7 directors who should attend the meeting and 7 actually attend the meeting. The meeting was presided over by Chairman Zhou Yifeng and reached a quorum. The company’s supervisors and senior executives attended the meeting as nonvoting delegates. The meeting met the relevant laws and regulations. After deliberation and voting, the following proposals were adopted:
1、 Proposal on signing strategic cooperation agreement with Honeywell UOP Global Oil Co., Ltd
The board of directors of the company deliberated and agreed that the company and Honeywell UOP Global Oil Co., Ltd. (hereinafter referred to as “Honeywell UOP”) signed the strategic cooperation agreement based on the principles of “law and regulation, voluntary equality, mutual benefit and win-win sharing”. Main cooperation contents: the company will build two sets of ecofining process units with an annual output of 500000 tons in Maoming City, Guangdong Province, China to produce green aviation coal and green naphtha. Honeywell UOP will provide patent authorization, process package, training, services, catalysts, adsorbents and special equipment to support Oriental Energy Co.Ltd(002221) the construction and operation of the above units.
This agreement is a framework agreement. As an expression of intention for cooperation between both parties, it is not legally binding. Other matters not covered herein shall be settled by both parties through friendly negotiation. The implementation of specific projects still needs to perform the corresponding approval process according to the actual situation, relevant management regulations and information disclosure requirements.
The current directors, supervisors and senior executives of the company, the controlling shareholders of the company and their related parties have no related relationship with the signatories of this Agreement; This Agreement does not involve related party transactions or major asset restructuring.
For details, please refer to the securities times on February 26, 2022 and www.cninfo.com info. com. cn. Announcement on signing strategic cooperation agreement with Honeywell UOP Global Oil Co., Ltd.
Voting result: Yes: 7 votes; Against: 0 votes; Abstention: 0 votes. The motion was passed.
2、 Proposal on the application of the company and its subsidiaries for comprehensive credit from the bank
Due to the needs of the company’s business, the board of directors agreed after deliberation that the company’s holding subsidiaries Oriental Energy Co.Ltd(002221) (Ningbo) new materials Co., Ltd. (hereinafter referred to as “Ningbo new materials”) and Nanjing Oriental Energy Co.Ltd(002221) Gas Co., Ltd. (hereinafter referred to as “Nanjing Donghua”) applied for a comprehensive credit line of no more than 450 million yuan (the original credit line was 300 million yuan) from relevant cooperative banks, The above limit will come into effect after being approved by relevant banks. The details are as follows:
Unit: 100 million yuan (RMB)
Order company name current credit project credit term of financial institution original signal line method credit line
1 Ningbo Huishang Bank Co., Ltd. Ningbo branch 3 comprehensive guarantee approved by the bank 3
One year from the date of new material credit
2 Nanjing Donghua Shanghai Pudong Development Bank Co.Ltd(600000) 1.5 comprehensive guarantee approved by the bank 0
One year from the date of credit extension of Nanjing Branch
Total 4.5 3
As of the effective date of the resolution of the board of directors, in addition to the above-mentioned new comprehensive credit lines, various comprehensive credit lines of the company and its holding subsidiaries approved by the resolution of the board of directors and still in effect are 34.224 billion yuan, including Oriental Energy Co.Ltd(002221) 6.942 billion yuan and 27.282 billion yuan for its holding subsidiaries. The actually used amount is 18.918 billion yuan, including Oriental Energy Co.Ltd(002221) 3.074 billion yuan and 15.844 billion yuan for holding subsidiaries (excluding the amount considered by the board of directors). Voting result: Yes: 7 votes; Against: 0 votes; Abstention: 0 votes. The motion was passed.
3、 Proposal on granting bank credit guarantee to Oriental Energy Co.Ltd(002221) (Ningbo) new materials Co., Ltd. in order to meet the business development needs of the subsidiary, the board of directors agreed after deliberation to provide guarantee for the comprehensive credit of RMB 300 million applied by the subsidiary Oriental Energy Co.Ltd(002221) (Ningbo) new materials Co., Ltd. to relevant banks, and the guarantee period shall be subject to the actually signed guarantee contract.
The fourth extraordinary general meeting of shareholders in 2021 has considered and approved the proposal on granting comprehensive credit guarantee line to subsidiaries and authorizing the board of directors to approve, authorizing the board of directors to approve the provision of guarantee to subsidiaries according to the bank’s credit approval within the guarantee line (foreign currency is converted according to the exchange rate of the same period) and the validity period of this year. This proposal will come into force after being deliberated and approved by the board of directors.
For details, please refer to the securities times on February 26, 2022 and www.cninfo.com info. com. cn. Announcement on granting bank credit guarantee to subsidiaries.
Voting result: Yes: 7 votes; Against: 0 votes; Abstention: 0 votes. The motion was passed.
4、 Proposal on granting bank credit guarantee to Nanjing Oriental Energy Co.Ltd(002221) Gas Co., Ltd
In order to meet the business development needs of the subsidiary, the board of directors agreed to provide guarantee for the 150 million yuan comprehensive credit applied by the subsidiary Nanjing Oriental Energy Co.Ltd(002221) Gas Co., Ltd. to relevant banks, and the guarantee period shall be subject to the actually signed guarantee contract.
The fourth extraordinary general meeting of shareholders in 2021 has deliberated and approved the proposal on granting comprehensive credit guarantee line to subsidiaries and authorizing the approval of the board of directors, which authorizes the board of directors to approve the provision of guarantee to subsidiaries according to the approval of bank credit within the guarantee line (foreign currency is converted according to the exchange rate of the same period) and validity period of this year. This proposal will come into force after being deliberated and approved by the board of directors.
For details, please refer to the securities times on February 26, 2022 and www.cninfo.com info. com. cn. Announcement on granting bank credit guarantee to subsidiaries.
Voting result: Yes: 7 votes; Against: 0 votes; Abstention: 0 votes. The motion was passed.
It is hereby announced.
Oriental Energy Co.Ltd(002221) board of directors
February 25, 2022
