Securities code: 300745 securities abbreviation: Shinry Technologies Co.Ltd(300745) Announcement No.: 2021-120 Shinry Technologies Co.Ltd(300745)
Announcement on the signing of land repurchase agreement between wholly-owned subsidiaries and the government
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 this transaction
1. In order to reasonably allocate assets and concentrate the company’s funds to invest in industrialized production and construction projects, Shinry Technologies Co.Ltd(300745) (hereinafter referred to as “the company”), a wholly-owned subsidiary of Shanghai Xinrui Electric Control Technology Co., Ltd. (hereinafter referred to as “the subsidiary”) and the Management Committee of Shanghai Jiading Industrial Zone (hereinafter referred to as “the management committee”) signed the repurchase agreement on plot 1701.
2. The sixth meeting of the third board of directors and the sixth meeting of the third board of supervisors held by the company on December 14, 2021 deliberated and adopted the proposal on signing land repurchase agreement between wholly-owned subsidiaries and the government, and the independent directors expressed their consent to the matter.
3. This transaction does not constitute a connected transaction, nor does it constitute a major asset reorganization as stipulated in the administrative measures for major asset reorganization of listed companies. According to the articles of association and other relevant provisions, this agreement is within the approval authority of the board of directors and does not need to be submitted to the general meeting of shareholders for deliberation. 2、 Introduction to assets involved in this transaction
The assets of this transaction are the land for scientific research and design planned by the company. It is located in Jiading Industrial Zone, Jiading District, Shanghai. It extends to the base boundary in the East, xinlai road in the south, Xijing (plot 1701) in the north, with a land area of 10060.4 square meters. The land area for this repurchase is 10060.4 square meters. III. main contents of this repurchase agreement
Party A: Shanghai Jiading Industrial Zone Management Committee
Party B: Shanghai Xinrui Electric Control Technology Co., Ltd
1. Signing date of the above land Repurchase: December 14, 2021;
2. Land repurchase price: RMB 34.2183 million;
3. Payment method: pay according to the time node agreed upon in the agreement;
4. Party B has not carried out any construction work in the local block, and there are no personnel resettlement, land lease, etc. after receiving the full repurchase payment paid by Party A, Party B will hand over the land to Party A as it is. 4、 Purpose of this asset sale and its impact on the company
The land repurchase by the government will help the company reasonably allocate assets, concentrate the company’s funds on industrial production and construction projects, improve operation efficiency and increase cash flow.
The land to be repurchased this time is plot 1701 planned by the company for scientific research and design, and does not involve plot 1702, the implementation site of the fund-raising project invested by the company. The company will concentrate its funds on the fund-raising project “intelligent production and construction project of new energy vehicle power supply”, and invest in the new East China regional product production base in Jiading District, Shanghai, Further enhance the company’s intelligent production capacity, enrich product production pipelines, optimize regional layout, and finally achieve the company’s “double core” strategic goal. 5、 Risk tips
Although the repurchase agreement on plot 1701 has been signed for this transaction and a clear implementation time has been agreed, there are still certain uncertain factors in the specific performance process due to the internal procedures of the counterparty; The impact on the company’s performance also needs to be confirmed by the annual audit institution. The company will timely perform the obligation of information disclosure according to the progress of the matter. Please pay attention to the investment risk. 6、 Documents for future reference
1. Resolution of Shinry Technologies Co.Ltd(300745) the 6th meeting of the 3rd board of directors;
2. Resolution of Shinry Technologies Co.Ltd(300745) the 6th meeting of the 3rd board of supervisors;
3. Independent opinions of Shinry Technologies Co.Ltd(300745) independent directors on matters related to the sixth meeting of the third board of directors;
4. Repurchase agreement on plot 1701.
It is hereby announced.
Shinry Technologies Co.Ltd(300745) board of directors December 14, 2021
