Securities code: Jiangsu Yueda Investment Co.Ltd(600805) securities abbreviation: Jiangsu Yueda Investment Co.Ltd(600805) No.: Lin 2022008 Jiangsu Yueda Investment Co.Ltd(600805)
Announcement on providing guarantee for wholly-owned 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:
Guarantor:
Jiangsu Yueda Special Vehicle Co., Ltd. (hereinafter referred to as “Yueda special vehicle company”)
The quantity of this guarantee and its cumulative guarantee quantity
The credit line of 30 million yuan applied by Jiangsu Yueda Investment Co.Ltd(600805) (hereinafter referred to as “the company” or “the company”) to China Minsheng Banking Corp.Ltd(600016) Yancheng branch for Jiangsu Yueda Special Purpose Vehicle Co., Ltd. (hereinafter referred to as “Yueda special purpose vehicle company”) provides joint and several liability guarantee for subsequent loan repayment for one year. Up to now, with this guarantee, the company has provided a total of 95 million yuan of guarantee.
Cumulative 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 special vehicle company, 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. In order to repay the subsequent 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 credit line of 30 million yuan of Yueda special vehicle 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 special purpose vehicle company was established on July 14, 2005, legal representative: Zhao Shanhu, registered capital: 168 million yuan, registered place: No. 99, hope Avenue, Yancheng Economic Development Zone, business scope: production of various garbage trucks, spraying vehicles and clean vehicles; R & D, design and sales of special vehicles, auto parts and sanitation equipment; Auto parts production, etc. The company holds 100% equity of Yueda special vehicle company.
As of November 30, 2021, Yueda special purpose vehicle company had total assets of 4142931 million yuan and owner’s equity of 1165339 million yuan. From January to November 2021, the operating income was 2008885 million yuan, and the net profit attributable to the parent company was -2.7925 million yuan (the data was Unaudited).
3、 Main contents of the guarantee agreement
1. Guarantee method: joint and several liability guarantee
2. Guarantee amount: 30 million yuan
3. Guarantee period: one year
4、 Opinions of the board of directors
In order to support the production and operation of Yueda special vehicle company, the board of directors agreed that the company would provide joint and several liability guarantee for the 30 million yuan credit line applied by Yueda special vehicle company to China Minsheng Banking Corp.Ltd(600016) Yancheng branch 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
