Securities code: 002846 securities abbreviation: Guangdong Enpack Packaging Co.Ltd(002846) Announcement No.: 2021-100 bond Code: 128079 bond abbreviation: Yinglian convertible bond
Guangdong Enpack Packaging Co.Ltd(002846)
About the proposed Guangdong Enpack Packaging Co.Ltd(002846) beverage easy open cover project (phase II)
And authorize the management of the company to start the announcement of the project in due time
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.
Special tips:
Guangdong Enpack Packaging Co.Ltd(002846) it is proposed to start the construction of the beverage easy open cover project (phase II) and authorize the management of the company to start the project in due time. The proposal has been deliberated and adopted at the 17th meeting of the third board of directors and needs to be submitted to the general meeting of shareholders for deliberation. There are still uncertainties in the construction cycle and market conditions involved in the investment of relevant projects, including but not limited to this.
According to the subsequent investment progress of the project, the company will timely perform the obligation of information disclosure in strict accordance with the provisions of relevant laws and regulations.
1、 Overview of foreign investment projects
1. Implementation of beverage easy to open lid project (phase I)
The company held the 21st Meeting of the second board of directors on January 31, 2019 and the first extraordinary general meeting of shareholders in 2019 on February 18, 2019, The proposal on the proposed investment and construction of Guangdong Enpack Packaging Co.Ltd(002846) beverage easy cover project and the proposal on the proposed establishment of a holding subsidiary: the company plans to establish a holding subsidiary in Jiangdu District, Yangzhou City as the main body of the project, invest in the construction of Guangdong Enpack Packaging Co.Ltd(002846) beverage easy cover project, expand the beverage easy cover production line, and meet the market demand of beverage easy cover. The total investment of the project is about 1 billion yuan, and the equipment investment is no less than 300 million yuan. It is planned to start the first phase of the construction project, with an investment amount of 558 million yuan and a construction period of about 18 months.
Pursuant to the above resolution, On April 4, 2019, the company set up a holding subsidiary Yinglian metal technology (Yangzhou) Co., Ltd. (hereinafter referred to as "Yangzhou Yinglian") as the main body of the project. Yangzhou Yinglian signed the investment cooperation agreement for Guangdong Enpack Packaging Co.Ltd(002846) beverage easy open cover project with the Management Committee of Yangzhou Jiangdu District high end equipment manufacturing industrial park on January 2, 2020 And obtained the real property right certificate of two project sites in June 2020. On August 8, 2020, the opening ceremony of phase I of Yangzhou Yinglian beverage cover intelligent production base was held in Yangzhou City, Jiangsu Province, and the first production line was officially put into operation in the transition plant on the same day. As of September 30, 2020, the second production line is being installed and commissioned in the transition plant. On October 13, 2020, Yangzhou Yinglian obtained the construction permit for beverage easy open cover manufacturing project (phase I project) issued by Yangzhou Jiangdu district housing and Urban Rural Development Bureau, and the civil works began on the same day.
The above specific contents have been on February 1, 2019, February 19, 2019, April 8, 2019, January 3, 2020, April 7, 2020 On June 2, 2020, it was disclosed in the designated information disclosure media securities times, Securities Daily, Shanghai Securities News, China Securities News and cninfo (www.cn. Info. Com.. CN). Up to now, the beverage easy to open project (phase I) has invested 387 million yuan, and the investment progress has reached 92.37%. Except that the plant and equipment in the coating process are still under construction, the construction of the main plant and equipment in the capping process has been completed.
2. Approval of beverage easy to open lid project (phase II)
The company held the 17th meeting of the third board of directors on December 22, 2021, and adopted the proposal on the proposed investment and construction of Guangdong Enpack Packaging Co.Ltd(002846) beverage easy open cover project (phase II) and authorizing the company's management to start the project in due time with 7 affirmative votes, 0 negative votes and 0 abstention votes, which needs to be submitted to the company's first extraordinary general meeting in 2022 for deliberation and approval.
This transaction does not constitute a connected transaction, nor does it constitute a major asset restructuring as stipulated in the administrative measures for major asset restructuring of listed companies.
2、 Details of foreign investment projects
1. Tentative name of the project: Beverage easy to open lid project (phase II)
2. Investment amount: the total investment amount is about 442 million yuan (the investment amount is the preliminary calculation amount of the company, which shall be subject to the project implementation plan)
3. Source of funds: contribution method: self owned funds and self raised funds (including but not limited to bank loans, financing by financial institutions, issuance of securities, etc.)
4. Implementing entity: Yangzhou Yinglian, a holding subsidiary of the company
5. Implementation location: middle section of Jinshen Road, high end equipment manufacturing industrial park, Shaobo Town, Jiangdu District, Yangzhou City
6. Main construction contents: mainly including the purchase of production lines and related software and hardware supporting facilities, land for production and operation, etc.
7. Construction period: it is proposed to submit to the general meeting of shareholders for authorization, and the management shall decide the start-up time and construction period of the project. According to the actual situation of the development of beverage easy open cover market, customer expansion and order signing, combined with the company's financial situation, the construction period shall be reasonably planned, put into construction in stages, pay close attention to the investment efficiency and improve the investment efficiency.
8. Implementation subject and authorization: the project is carried out by Yangzhou Yinglian as the implementation subject. The company's management will decide the start-up time and capital investment arrangement according to the business situation, and submit it to the shareholders' meeting for authorization. Yangzhou Yinglian will sign the contracts and legal documents related to the project within the scope of matter approval.
3、 Necessity of project investment and its impact on the company
1. Necessity of project construction:
(1) Since the company acquired Foshan Baorun in 2017 for strategic layout of beverage easy cover, it has continuously strengthened its investment in beverage easy cover business. The scale of beverage easy cover business has increased rapidly, and the operating revenue has increased from 95 million yuan in 2017 to 432 million yuan from January to September 2021. Since the outbreak of the epidemic, due to the natural advantages of metal packaging in product shelf life, beer The canning rate of wine has increased rapidly. At the same time, the demand for metal packaging products outside China has increased rapidly due to changes in consumption scenarios. In particular, according to the investment plans announced by foreign metal packaging enterprises, the production capacity of metal cans will increase rapidly in the future. In order to match the expansion of the production capacity of metal cans and better serve customers at home and abroad, the metal easy open cover market will also usher in stable growth.
(2) In phase I of the project, except that the coating process plant and equipment are still under construction, the construction of the main plant and equipment in the capping process has been completed, and the production capacity of beverage easy to open covers has achieved rapid growth. In order to further meet the needs of different customers outside China and improve the capacity utilization level of existing equipment, it is urgent to cover the beverage at this stage (phase II) the molds supporting the production line of the project shall be invested in advance to meet the market demand with rich product lines. Therefore, the company plans to start the beverage easy opening cover (phase II) project, and submit to the shareholders' meeting to authorize the management of the company to make reasonable arrangements, scientific evaluation and carry out investment and construction in stages according to the market development and demand changes. 2. The beverage easy opening cover is started this time After careful evaluation and decision-making by the board of directors, the project (phase II) is a business arrangement in line with the strategic layout direction of the company's overall market planning, market business development and expansion, and the construction arrangement of the company's existing production capacity and financial situation, which is conducive to improving the company's production and supply capacity of easy to open drinks and improving its rapid response and response to changes in market demand Flexibility to enhance the company's comprehensive competitiveness in the field of metal packaging.
3. The company's foreign investment will not have a significant adverse impact on the company's production and operation, will not affect the independence of the company's business, and will not damage the interests of minority shareholders.
4、 Risk tips and other matters
1. The investment amount of the project is large and there are many construction contents. The installation and commissioning of main production equipment takes a long time. There is a certain uncertainty in the implementation of the investment project, which may lead to the construction risk that the project can not be completed on schedule due to adverse changes in project progress, construction quality and equipment supply. The company will strengthen the internal control of relevant aspects, improve the construction process, and ensure that the construction work is completed on schedule with quality and quantity. 2. The capital sources of this project investment are the company's own funds and self raised funds (including but not limited to bank loans, issuance of securities, etc.), which will cause certain pressure on the company's working capital.
3. In case of adjustment and change of relevant national and Yangzhou policies or change of project implementation conditions, the project implementation plan will also be adjusted and changed.
4. The board of directors of the company will actively pay attention to the progress of the matter and fulfill the obligation of information disclosure in a timely manner. Please make careful decisions and pay attention to investment risks.
5、 Documents for future reference
Resolution of the 17th meeting of the 3rd board of directors
It is hereby announced.
Guangdong Enpack Packaging Co.Ltd(002846) board of directors
December 23, 2001
