Securities code: 000736 securities abbreviation: Cccg Real Estate Corporation Limited(000736) Announcement No.: 2021 – 171
Bond Code: 114438 bond abbreviation: 19 CCCC 01
Bond Code: 114547 bond abbreviation: 19 CCCC bond
Bond Code: 149192 bond abbreviation: 20 CCCC bond
Bond Code: 149610 bond abbreviation: 21 CCCC bond
Cccg Real Estate Corporation Limited(000736) announcement on loan limit from related parties
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
1、 Overview of related party transactions
In order to ensure the capital demand of Cccg Real Estate Corporation Limited(000736) (hereinafter referred to as “our company”) and improve the decision-making efficiency, through consultation with the controlling shareholder of our company, CCCC Real Estate Group Co., Ltd. (hereinafter referred to as “real estate group”), our company (including its holding subsidiaries) plans to increase the loan amount from the real estate group (including its holding subsidiaries) by no more than 10 billion yuan. The details are as follows:
1. The loan limit (newly signed loan contract) shall not exceed 10 billion yuan.
2. The annual interest rate of the loan shall not exceed 10%.
3. The term of a single loan shall not exceed 60 months from the date of receipt.
4. The limit is valid for 2022.
5. The above loans from the real estate group can be mortgaged or pledged by the borrower’s user with its own assets; Our subordinate enterprises can provide guarantee for our company; Our company’s guarantee to the holding subsidiaries and the guarantee between the holding subsidiaries shall perform the review or disclosure procedures in accordance with the scope of authorization of the general meeting of shareholders and relevant regulatory provisions.
As the real estate group holds 53.32% of the equity of our company and is the controlling shareholder of our company, this proposal constitutes a connected transaction. Our company held the 77th meeting of the 8th board of directors on December 14, 2021, and considered and adopted the proposal on related party transactions on loan limit from related parties with 4 affirmative votes, 0 negative votes and 0 abstention votes. Related directors Li Yongqian, Liang Yunbin, Xue Simin and Zhou Ji avoided voting, and independent directors expressed their prior approval opinions and independent opinions on the proposal.
This transaction needs to be approved by the general meeting of shareholders, and the related persons interested in the related transaction will give up their voting rights on the proposal at the general meeting of shareholders. The board of directors requests the general meeting of shareholders to authorize the company’s management to approve specific borrowing matters within the above loan limit. 2、 Basic information of related parties
Company name: CCCC Real Estate Group Co., Ltd
Legal representative: Ruijie
Registered capital: 500 million yuan
Date of establishment: March 24, 2015
Address: Building 2, No. 5, Dewai street, Xicheng District, Beijing
Unified social credit Code: 911100003355015281
Business scope: real estate development; estate management; Construction project management; Selling self-developed commercial houses; Rental of commercial housing; Rental of office space; Project investment; Investment management; Asset management; Investment consulting.
Shareholder: China Communications Construction Group Co., Ltd. holds 100% equity of real estate group. Actual controller: state owned assets supervision and Administration Commission of the State Council
Relationship with our company: the real estate group holds 53.32% equity of our company and is the controlling shareholder of our company.
The real estate group is not a dishonest person.
Since its establishment, the main business of the real estate group has developed normally. The main financial indicators of the latest accounting year and the end of the latest accounting period are as follows (unit: 10000 yuan):
Total assets net assets operating income net profit of the project
End of 2020 / 2020 540946501032165781190936730
End of June 2021 / 202165557691111874264219825398654
January June
3、 Pricing policy and basis of transaction
With the continuous regulation of real estate and the continuous tightening of real estate credit policy, after investigating the financing methods and costs such as bank loans and trusts, and referring to the market conditions and the cost of funds obtained by the real estate group, the annual interest rate of the loan from the real estate group is within a reasonable range.
4、 Other arrangements involving transactions
nothing
5、 Purpose and impact of related party transactions
In order to ensure the sustained and healthy development of the company’s main real estate business and deal with the fierce competition in the market, the company must make full preparations in terms of land and capital. This loan from related parties is conducive to ensuring the company’s demand for funds in the process of participating in land auction and project construction, and reflects the related parties’ support for the development of the main business of the listed company.
6、 Opinions of independent directors
Hu Biliang, Ma Jiangtao and Liu Hongyue, the independent directors of our company, approved the loan amount from related parties in advance and expressed their independent opinions as follows: the loan amount from related parties discussed this time is conducive to ensuring the capital demand in the operation and development of Cccg Real Estate Corporation Limited(000736) , the loan interest rate is reasonable, and is conducive to the sustainable and healthy development of Cccg Real Estate Corporation Limited(000736) main business. When the board of directors deliberated on the above matters, the related directors avoided voting. The deliberation and decision-making procedures of the above matters comply with laws and regulations, and there is no damage to the interests of minority shareholders. We agree with the voting results of the board of directors on the related party transaction proposal on loan limit from related parties.
7、 The total amount of various related party transactions accumulated with the related party from the beginning of the year to the disclosure date
The holding subsidiary of our company has determined the subsidiaries of China Communications Construction Group Co., Ltd. (hereinafter referred to as “related parties”) through public bidding ）It is the bid winner of the construction project, with a total bid winning amount of 14035984200 yuan; The loan amount from related parties is RMB 100000000; Providing counter guarantees to related parties for our financing matters totaling 480 million yuan; Jointly invested with related parties to establish a real estate project company, with a total contribution of 4808.2 million yuan; Jointly reduce the capital of the project company with related parties, and the capital reduction amount of our company is 255 million yuan; Daily related party transactions with related parties are expected to be 57.29 million yuan in 2021.
8、 Documents for future reference
1. Resolution of the 77th meeting of the 8th board of directors.
2. Prior approval opinions and independent opinions of independent directors.
It is hereby announced.
Cccg Real Estate Corporation Limited(000736) board of directors December 14, 2021
