Securities code: Shanxi Antai Group Co.Ltd(600408) securities abbreviation: St Aetna No.: lin2022004 Shanxi Antai Group Co.Ltd(600408)
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.
1、 Matters involved in negative opinion of internal control audit
The annual audit institution, Lixin Certified Public Accountants (special general partnership), audited the effectiveness of the company's internal control over financial reports as of December 31, 2020 and issued an internal control audit report with negative opinions. The matters involved are as follows:
1. As of December 31, 2020, Aetna group provided 3.936 billion yuan guarantee for the related party Shanxi Xintai iron and Steel Co., Ltd. (hereinafter referred to as "Xintai iron and steel"), accounting for 154.72% of the owner's equity of 2.544 billion yuan belonging to the parent company of Aetna group, an increase of 119 million yuan over the end of the previous year.
2. The settlement and payment policies agreed and implemented in the coke sales agreement signed between Aetna group and related parties Xintai iron and steel and Shanxi Aetna group smelting Co., Ltd. are significantly different from those between Aetna group and independent third parties, resulting in a balance of 796 million yuan of operating funds occupied by related parties by the end of 2020.
2、 Progress in solving relevant issues
The board of directors and management of the company have actively formulated various solutions with major shareholders and related parties on the above matters (see the special description on matters involved in non-standard audit opinions in 2020 disclosed by the company on April 30, 2021). The progress as of the disclosure date of this announcement is as follows:
1. If there is a significant difference between the estimated payment and the settlement policy of the related company, it shall be strictly implemented with the third month of the current month from the end of 2021. If there is an obvious difference between the estimated payment and the settlement policy of the related company, it shall not be collected with the third month of 2021.
2. Since May 2021, the company began to plan major asset restructuring with related parties, and strive to completely solve the problems of related party transactions and related party guarantees. At the end of October, due to the restrictions of the latest relevant industrial policies and other factors, the two sides negotiated to terminate the planning of this major asset restructuring. If the future conditions are met, the two sides will negotiate to choose an opportunity to plan the reorganization (see the announcement on terminating the planning of major asset reorganization disclosed by the company on October 30, 2021).
3. After the termination of the above restructuring planning, the coke receivables of the company to related parties formed before March 31, 2021 totaled 776 million yuan. The related parties actively raised funds to return them to the company, and all of them had been returned by December 28, 2021.
4. For related party guarantee, related parties actively take relevant measures to reduce the amount of guarantee provided by the company. By the end of December 2021, the balance of guarantee provided by the company to related parties was 3.594 billion yuan, a decrease of 342 million yuan compared with the balance of related party guarantee at the end of 2020.
3、 Risk tips
By the end of December 2021, all the operating arrears of the company to related parties involved in the negative opinion of the company's internal control audit report in 2020 had been recovered. For related party guarantees, the board of directors and management of the company will actively negotiate with major shareholders and related parties and implement other solutions to further reduce the balance of related party guarantees. The company will timely perform the obligation of information disclosure according to the progress of relevant matters and relevant regulations. Please pay attention to the investment risks.
It is hereby announced
Shanxi Antai Group Co.Ltd(600408) board of directors
February 27, 2002
