Securities code: 6 0 3399 securities abbreviation: Jinzhou Jixiang Molybdenum Co.Ltd(603399) Announcement No.: 2022027 Jinzhou Jixiang Molybdenum Co.Ltd(603399)
About applying for working capital loans from banks for wholly-owned subsidiaries
Announcement on providing guarantee for comprehensive credit line
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:
Name of the guaranteed party: Liaoning xinhualong Dayou Molybdenum Industry Co., Ltd. (hereinafter referred to as “xinhualong Dayou”). The guarantee amount and the guarantee balance actually provided for it: Jinzhou Jixiang Molybdenum Industry Co., Ltd. (hereinafter referred to as “the company”) Provide a guarantee of not more than 210 million yuan for Xinhua longdayou, a wholly-owned subsidiary of the company, to apply for a comprehensive credit line of not more than 123.5 million yuan and US $5 million working capital loan from Linghai branch of Jinzhou Bank Co., Ltd;
There is no counter guarantee in this guarantee
Cumulative overdue amount of external guarantee: None
1、 Overview of guarantee
The second meeting of the 5th board of directors of the company deliberated and approved the proposal on providing guarantee for wholly-owned subsidiaries to apply for comprehensive credit line of working capital loan from banks on March 2, 2022. It is agreed that the company, as a wholly-owned subsidiary, xinhualong Dayou, will apply to Linghai sub branch of Jinzhou Bank Co., Ltd. for a comprehensive credit line of working capital loan of no more than RMB 123.5 million and US $5 million, and provide a guarantee of no more than RMB 21 million.
This guarantee extension does not involve related party transactions and needs to be submitted to the general meeting of shareholders of the company for deliberation.
2、 Basic information of the guaranteed
1. Company name: Liaoning Xinhua longdayou Molybdenum Industry Co., Ltd
2. Registered address: Shuangmiao farm, Dayou Township, Linghai City, Jinzhou City, Liaoning Province
3. Legal representative: Zhang Shaoqiang
4. Registered capital: 500 million yuan
5. Business scope: smelting of non-ferrous metals (excluding gold and silver), molybdenum and ferrovanadium; Purchase and sale of furnace charge, metal compound, metal alloy products, hardware and mineral products; (the above items do not include dangerous goods) brick making and sales business of industrial slag; Equipment leasing. (for projects subject to approval according to law, business activities can be carried out only after approval by relevant departments)
6. Main financial indicators: as of September 30, 2021, xinhualong Dayou had total assets of 148523118951 yuan, total liabilities of 92786270079 yuan, net assets of 55736848872 yuan, operating income of 285624639118 yuan and net profit of 8405383661 yuan from January to September 2021. The above data have not been audited.
7. Xinhua longdayouwei is a wholly-owned subsidiary of the company.
3、 Main contents of guarantee
Guaranteed: Liaoning Xinhua longdayou Molybdenum Industry Co., Ltd
Guarantor: Jinzhou Jixiang Molybdenum Co.Ltd(603399)
Guarantee method: maximum guarantee
Guarantee amount: no more than RMB 21 million
4、 Opinions of the board of directors
The board of directors of the company believes that this guarantee is the guarantee of the company to the wholly-owned subsidiary. In order to meet the normal operation needs of the wholly-owned subsidiary, the risk is controllable. This guarantee complies with relevant laws and regulations, normative documents, articles of association and other relevant provisions, and there is no situation that damages the interests of the company and minority shareholders. It is agreed that the company will provide guarantee to the wholly-owned subsidiary.
5、 Accumulated external guarantees and overdue guarantees
As of the date of this announcement, including this guarantee, the total external guarantee of the company and its subsidiaries was 1499 million yuan, all of which were company to subsidiary guarantee and subsidiary to company guarantee, accounting for 78.71% of the company’s latest audited net assets.
Neither the company nor its subsidiaries have overdue external guarantees.
It is hereby announced.
Jinzhou Jixiang Molybdenum Co.Ltd(603399) board of directors March 3, 2022
