Securities code: 6 0 3 3 99 securities abbreviation: Jinzhou Jixiang Molybdenum Co.Ltd(603399) Announcement No.: 2022026 Jinzhou Jixiang Molybdenum Co.Ltd(603399)
Announcement on the resolution of the second meeting of the 5th 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.
Jinzhou Jixiang Molybdenum Co.Ltd(603399) (hereinafter referred to as “the company”) the second meeting of the Fifth Board of directors was held in the company’s conference room on March 2, 2022 by combining on-site voting and communication voting. The notice of the meeting of the board of directors has been sent by hand, e-mail or fax on February 27, 2022. The voting deadline of the meeting is 16:00 on March 2, 2022. 7 directors should attend the meeting, and 7 actually attended. The meeting was presided over by Mr. Yang Feng. The convening and procedures of the meeting shall comply with the relevant provisions of the company law and the articles of association.
The meeting considered and adopted the following proposals:
1、 The proposal on wholly owned subsidiaries applying for comprehensive credit line of working capital loans from banks was reviewed and approved at the 44th meeting of the Fourth Board of directors and the fourth extraordinary general meeting of shareholders in 2021, Liaoning xinhualong Dayou Molybdenum Industry Co., Ltd. (hereinafter referred to as “xinhualong Dayou”), a wholly-owned subsidiary of the company, applied to Linghai branch of Jinzhou Bank Co., Ltd. for a comprehensive credit line of 329.5 million yuan and 18 million US dollars of working capital loan (the credit amount shall be subject to the actual approval of the bank), and the loan term is one year (US dollars are recycled within the term). Of which: the credit line of 289 million yuan has been used normally in accordance with the resolution and bank arrangements; The credit lines of 40.5 million yuan and 18 million US dollars were not applied to the bank due to the great changes in the production and operation needs of xinhualong.
Now, due to business needs, xinhualong has decided to apply to Linghai branch of Jinzhou Bank Co., Ltd. for adjusting the above unused credit line, and apply for a comprehensive credit line of working capital loan of no more than RMB 123.5 million and US $5 million (including business extension, and the credit amount shall be subject to the actual approval of the bank), The loan term is one year (recycled within the term). Meanwhile, the legal representative of xinhualong Dayou is authorized to sign the corresponding credit documents and other subsidiary legal documents and handle other relevant matters.
There are 7 directors who should vote, 7 directors who actually vote, 7 in favor, 0 against and 0 abstention. The proposal still needs to be deliberated and approved by the general meeting of shareholders.
2、 Deliberating the proposal on providing guarantee for wholly-owned subsidiaries to apply for comprehensive credit line of working capital loans from banks
The 44th meeting of the Fourth Board of directors and the fourth extraordinary general meeting of shareholders in 2021 deliberated and approved the proposal on wholly-owned subsidiaries applying for comprehensive credit line of working capital loan from banks and the proposal on providing guarantee for wholly-owned subsidiaries applying for comprehensive credit line of working capital loan from banks, Taking 32 real estate (real estate and land), machinery and equipment of Liaoning Xinhua long Dayou Molybdenum Industry Co., Ltd. (hereinafter referred to as “Xinhua long Dayou”) as collateral, the credit line of 40.5 million yuan and 18 million US dollars (the credit amount shall be subject to the actual approval of the bank, the term shall be one year, and the US dollars shall be recycled within the term) shall be mortgaged and guaranteed, At the same time, the company shall provide a maximum guarantee of no more than 22 million yuan and sign a maximum guarantee contract with a term of one year. Now, due to business needs, xinhualong has applied to Linghai branch of Jinzhou Bank Co., Ltd. for adjustment of credit line, and applied for comprehensive credit line of working capital loan of no more than RMB 123.5 million and US $5 million (including business extension, the credit amount shall be subject to the actual approval of the Bank), and the loan term is one year (recycled within the term). The relevant guarantees were adjusted accordingly, and 31 real estate (real estate and land) and machinery and equipment owned by xinhualong were used as collateral to guarantee the credit (including extension, the credit amount shall be subject to the actual approval of the bank and recycled within the term). At the same time, the company provided a maximum guarantee of no more than 21 million yuan, And sign a maximum guarantee contract with a term of no more than 18 months.
There are 7 directors who should vote, 7 directors who actually vote, 7 in favor, 0 against and 0 abstention. The proposal still needs to be deliberated and approved by the general meeting of shareholders.
3、 Deliberating the proposal on convening the third extraordinary general meeting of shareholders in 2022
According to the relevant provisions of the company law of the people’s Republic of China and the articles of association, the board of directors of the company plans to propose to convene the third extraordinary general meeting of shareholders of the company in 2022. See the website of Shanghai stock exchange for the time and place of the meeting（ http://www.sse.com.cn. ）。
There are 7 directors who should vote, 7 directors who actually vote, 7 in favor, 0 against and 0 abstention.
It is hereby announced.
Jinzhou Jixiang Molybdenum Co.Ltd(603399) board of directors March 3, 2022
