Securities code: Chengxin Lithium Group Co.Ltd(002240) securities abbreviation: Chengxin Lithium Group Co.Ltd(002240) Announcement No.: 2022007 Chengxin Lithium Group Co.Ltd(002240)
Announcement on providing guarantee for bank loans of Sichuan Zhiyuan Lithium Industry Co., Ltd., a wholly-owned subsidiary
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 guarantee
Chengxin Lithium Group Co.Ltd(002240) (hereinafter referred to as “the company”) Sichuan Zhiyuan lithium Co., Ltd. (hereinafter referred to as “Zhiyuan lithium”) intends to apply for a loan from China Construction Bank Corporation(601939) Deyang Branch for a period of no more than three years due to the needs of business development. On February 28, 2022, the company signed the maximum guarantee contract with China Construction Bank Corporation(601939) Deyang Branch to provide joint and several liability guarantee for the above loan matters, with the guarantee amount not exceeding RMB 300 million.
The company held the 18th meeting of the seventh board of directors and the 2020 annual general meeting of shareholders on April 22, 2021 and June 25, 2021 respectively, and deliberated and adopted the proposal on the prediction of guarantee amount for subordinate subsidiaries. The board of directors agreed that the company (including subordinate subsidiaries) in its subordinate subsidiaries should provide guarantee to banks Financial and financial institutions such as financial leasing companies shall provide guarantees for them when they apply for financing and daily business needs. The total amount of guarantee shall not exceed RMB 1.54 billion. The validity period of external guarantee limit is from the date of deliberation and approval of the company’s 2020 annual general meeting to the date of holding the 2021 annual general meeting of shareholders; Among them, the guarantee amount provided for subsidiaries with asset liability ratio of more than 70% (Zhiyuan lithium and oyno mining) shall not exceed 820 million yuan. After the company provided a guarantee amount of 300 million yuan for Zhiyuan lithium this time, the available guarantee amount of subsidiaries with asset liability ratio of more than 70% is 105 million yuan. As of the date of this announcement, the guarantee balance of the company to Zhiyuan lithium industry (excluding this guarantee) was 4239634 million yuan. This guarantee is within the scope of authorization of the 2020 annual general meeting of shareholders and complies with the relevant provisions of the Listing Rules of Shenzhen Stock Exchange and the articles of association.
2、 Basic information of the guaranteed
Company name: Sichuan Zhiyuan Lithium Industry Co., Ltd
Address: Gongxing area, ABA eco economic Industrial Park, Deyang, Mianzhu City, Sichuan Province
Legal representative: Fang Yi
Date of establishment: March 23, 2015
Business scope: production, processing, R & D and sales: lithium chloride and lithium carbonate; Production and sales: lithium hydroxide, anhydrous sodium sulfate and lithium slag; R & D, production and sales of lithium ion batteries; Sales: mineral products; Import and export of goods. (for projects subject to approval according to law, business activities can be carried out only after approval by relevant departments) Zhiyuan lithium has a registered capital of RMB 500 million. The company directly holds 100% of its equity and is a wholly-owned subsidiary of the company.
Main financial data of Zhiyuan lithium industry in the latest year and issue:
Unit: 10000 yuan
December 31, 2020 (audited) September 30, 2021 (Unaudited)
Total assets 1678205912936474
Total liabilities 118416246460416
Net assets 49404356476058
2020 (audited) January September 2021 (Unaudited)
Operating income 76372099991558
Net profit -8620141515109
Upon inquiry, as of the disclosure date of this announcement, Zhiyuan lithium industry is not a dishonest person.
3、 Main contents of the guarantee agreement
Guarantor (Party A): Chengxin Lithium Group Co.Ltd(002240)
Creditor (Party B): China Construction Bank Corporation(601939) Deyang Branch
Debtor: Sichuan Zhiyuan Lithium Industry Co., Ltd
Scope of guarantee: all debts under the main contract, including but not limited to all principal, interest (including compound interest and penalty interest), liquidated damages, compensation, judgment or mediation and other effective legal documents. During the delay of performance, the debt interest that should be doubled Other payments payable by the debtor to Party B (including but not limited to relevant handling charges, telecommunication charges, miscellaneous charges advanced by Party B, relevant bank charges refused to be borne by the beneficiary under the letter of credit, etc.) Expenses incurred by Party B in realizing the creditor’s rights and guarantee rights (including but not limited to litigation fees, arbitration fees, property preservation fees, travel expenses, execution fees, evaluation fees, auction fees, notarization fees, service fees, announcement fees, lawyer fees, etc.). Guarantee method: joint and several liability guarantee
Guarantee period: calculated separately according to the single credit business handled by Party B for the debtor, that is, from the signing date of the main contract of the single credit business to three years after the expiration date of the debtor’s debt performance under the main contract.
Guarantee amount: no more than RMB 300 million
There is no counter guarantee in this guarantee.
4、 Reasons for this guarantee and its impact on the company
Zhiyuan lithium is a wholly-owned subsidiary of the company. The assets of the company are in good condition, the company has absolute control over it, and the financial risk of providing guarantee for it is within the controllable range of the company. Moreover, the guarantee provided by the company to the wholly-owned subsidiary is based on the development of the company’s business, which will not have an adverse impact on the normal operation and business development of the company, and there is no situation that damages the interests of the company and all shareholders.
5、 Accumulated external guarantees and overdue guarantees
As of the date of this announcement, the actual external guarantee balance (excluding this guarantee) of the company and its holding subsidiaries was RMB 1024478400, accounting for 31.84% of the audited net assets attributable to the parent company on December 31, 2020; Among them, the actual guarantee balance of the company to its holding subsidiaries is 9848436 million yuan, and the actual guarantee balance of the company to participating companies and other entities is 396348 million yuan. The company and its holding subsidiaries have no overdue external guarantee, no external guarantee involving litigation, and the loss due to the judgment of losing the guarantee.
6、 Documents for future reference
Maximum guarantee contract.
It is hereby announced.
Chengxin Lithium Group Co.Ltd(002240) board of directors
March 1, 2002
