Securities code: Jiangsu Yueda Investment Co.Ltd(600805) securities abbreviation: Jiangsu Yueda Investment Co.Ltd(600805) No.: Lin 2022009
Jiangsu Yueda Investment Co.Ltd(600805)
Announcement on providing guarantee for holding subsidiaries
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
Important content tips:
● guaranteed:
Jiangsu Yueda Intelligent Agricultural Equipment Co., Ltd. (hereinafter referred to as “Yueda intelligent agricultural equipment company”) ● this guarantee quantity and its cumulative guarantee quantity
This Jiangsu Yueda Investment Co.Ltd(600805) (hereinafter referred to as “the company”) is the credit line of 120 million yuan applied by Yueda intelligent agricultural equipment company to Jiangsu Yueda Group Finance Co., Ltd. (hereinafter referred to as “Yueda group finance company”), which provides joint and several liability guarantee for subsequent loan repayment for a period of one year. Up to now, together with this guarantee, the company has provided a guarantee of RMB 212.06 million.
● accumulative quantity of external guarantee
Up to now, the total amount of external guarantees provided by the company and its holding subsidiaries is 2345783000 yuan (including this time), including 1190460000 yuan for the holding company and 955323000 yuan for the controlling shareholder and its subsidiaries, accounting for 47.54%, 24.13% and 19.36% of the company’s audited net assets as of December 31, 2020 respectively.
● up to now, the company has no overdue external guarantee.
1、 Overview of guarantee
Due to business needs, Yueda intelligent agricultural equipment company, the holding subsidiary of the company, applied to Yueda group finance company for a credit line of 120 million yuan. In order to repay the follow-up loan, the company provided joint and several liability guarantee for a period of one year. After deliberation and approval at the 5th meeting of the 11th board of directors of the company, it is agreed that the company will provide joint and several liability guarantee for the above 120 million yuan credit line of Yueda intelligent agricultural equipment company for a period of one year. This guarantee needs to be submitted to the general meeting of shareholders of the company for deliberation.
2、 Basic information of the guaranteed
Yueda Intelligent Agricultural Equipment Co., Ltd. was established on November 28, 2008, legal representative: Wang Shengjie, registered capital: 864 million yuan, registered place: No. 9, Nenjiang Road, Yancheng Economic and Technological Development Zone, business scope: manufacturing and sales of intelligent agricultural equipment products. The company holds 51% equity of Yueda intelligent agricultural equipment company.
As of November 30, 2021, Yueda Intelligent Agricultural Equipment Co., Ltd. had total assets of 601661300 yuan and owner’s equity of -11859300 yuan. From January to November 2021, the operating income was 236968600 yuan, and the net profit attributable to the parent company was -623225 million yuan (the data was Unaudited).
3、 Main contents of the guarantee agreement
1. Guarantee method: joint and several liability guarantee
2. Guarantee amount: 120 million yuan
3. Guarantee period: one year
4、 Opinions of the board of directors
In order to support the production and operation of Yueda intelligent agricultural equipment company, the board of directors agreed that the company would provide joint and several liability guarantee for the 120 million yuan credit line applied by Yueda intelligent agricultural equipment company to Yueda group finance company for a period of one year.
5、 Accumulated external guarantees and overdue guarantees
Up to now, the total amount of external guarantees provided by the company and its holding subsidiaries is 2345783000 yuan (including this time), including 1190460000 yuan for the holding company and 955323000 yuan for the controlling shareholder and its subsidiaries, accounting for 47.54%, 24.13% and 19.36% of the company’s audited net assets as of December 31, 2020 respectively. The company has no external guarantee overdue.
6、 Directory of documents for future reference
Resolution of the 5th meeting of the 11th board of directors of the company.
It is hereby announced.
Jiangsu Yueda Investment Co.Ltd(600805) March 1, 2022
