Securities code: Jiangsu Yueda Investment Co.Ltd(600805) securities abbreviation: Jiangsu Yueda Investment Co.Ltd(600805) No.: Lin 2022006 Jiangsu Yueda Investment Co.Ltd(600805)
Announcement of resolutions of the 5th meeting of the 11th board of directors
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.
The 11th meeting of the board of directors will be held on May, 2023. There are 12 directors who should attend the meeting and 12 directors who actually attend the meeting, which is in line with the relevant provisions of the company law and the articles of association. The following proposals were considered and adopted at the meeting:
1、 The proposal on providing guarantee for Jiangsu Yueda Cotton Textile Co., Ltd. was deliberated and passed. Due to business needs, Jiangsu Yueda Cotton Textile Co., Ltd. applied for a credit line of 90 million yuan to Bank Of Nanjing Co.Ltd(601009) Yancheng branch, Bank Of Jiangsu Co.Ltd(600919) Yancheng Chengzhong Branch applied for a credit line of 45 million yuan Yancheng branch of Bank of China applied for a credit line of 70 million yuan and Yancheng Jianjun sub branch of China Construction Bank applied for a credit line of 200 million yuan, totaling 405 million yuan, including a new credit line of 25 million yuan and a subsequent credit line of 380 million yuan, both of which have a term of one year. The board of directors agrees that the company shall provide joint and several liability guarantee for the above credit line.
For details, please refer to the website of Shanghai Stock Exchange on the same day (www.sse. Com. CN.) Announcement on providing guarantee for wholly-owned subsidiaries (Announcement No.: Lin 2022007). 12 agreed, 0 opposed and 0 abstained.
2、 The proposal on providing guarantee for Jiangsu Yueda Special Purpose Vehicle Co., Ltd. was deliberated and passed. Due to business needs, Jiangsu Yueda Special Purpose Vehicle Co., Ltd., a wholly-owned subsidiary of the company, applied to China Minsheng Banking Corp.Ltd(600016) Yancheng branch for a credit line of 30 million yuan for subsequent loan repayment, with a term of one year. The board of directors agrees that the company shall provide joint and several liability guarantee for the above credit line.
For details, please refer to the website of Shanghai Stock Exchange on the same day (www.sse. Com. CN.) Announcement on providing guarantee for wholly-owned subsidiaries (Announcement No.: Lin 2022008). 12 agreed, 0 opposed and 0 abstained.
3、 Deliberated and passed the proposal on providing guarantee for Jiangsu Yueda Intelligent Agricultural Equipment Co., Ltd
Due to business needs, Jiangsu Yueda Intelligent Agricultural Equipment Co., Ltd., the holding subsidiary of the company, applied to Jiangsu Yueda Group Finance Co., Ltd. for a credit line of 120 million yuan for subsequent loan repayment, with a term of one year. The board of directors agrees that the company shall provide joint and several liability guarantee for the above credit line. For details, please refer to the website of Shanghai Stock Exchange on the same day (www.sse. Com. CN.) Announcement on providing guarantee for holding subsidiaries (Announcement No.: Lin 2022009). 12 agreed, 0 opposed and 0 abstained.
4、 The proposal on abandoning participation in capital increase and related party transactions of Dongfeng Yueda Kia Automobile Co., Ltd. was deliberated and adopted
Dongfeng Yueda Kia Automobile Co., Ltd., with 25% of the company's shares, plans to implement a capital increase of US $600 million. In view of the fierce competition in China's automobile industry and the investment capital demand of the company's new projects, the board of directors agreed that the company would give up participating in the capital increase of Dongfeng Yueda Kia Automobile Co., Ltd., and the part to be given up would be invested by Jiangsu Yueda Automobile Group Co., Ltd., and submitted to the general meeting of shareholders of the company to authorize the management to handle the relevant matters of giving up participating in the capital increase. As Jiangsu Yueda Automobile Group Co., Ltd. is an affiliated legal person of the company, the company gives up participating in the capital increase this time, which constitutes a connected transaction.
For details, please refer to the website of Shanghai Stock Exchange on the same day (www.sse. Com. CN.) Announcement on abandoning participation in capital increase and related party transactions of participating companies (Announcement No.: Lin 2022010).
Related directors Zhang Naiwen, Yang Yuqing, Xu Zhaojun, Xie Zisheng, Guo Rudong, Wang Shengjie and Wang chenlan avoided voting during the deliberation of this related party transaction.
5 in favor, 0 against and 0 abstaining.
5、 The proposal on convening the first extraordinary general meeting of shareholders in 2022 was deliberated and adopted
For details, please refer to the website of Shanghai Stock Exchange on the same day (www.sse. Com. CN.) Notice on convening the first extraordinary general meeting of shareholders in 2022 (Announcement No.: Lin 2022011).
12 agreed, 0 opposed and 0 abstained.
According to the articles of association, the second, third and fourth proposals above shall be submitted to the general meeting of shareholders for deliberation.
It is hereby announced.
Jiangsu Yueda Investment Co.Ltd(600805) March 1, 2022
