Stock Code: 002085 stock abbreviation: Zhejiang Wanfeng Auto Wheel Co.Ltd(002085) Announcement No.: 2021-064 Zhejiang Wanfeng Auto Wheel Co.Ltd(002085)
Announcement on guarantee provided by wholly-owned subsidiaries for the company
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 guarantee
In order to meet the capital needs of production and operation development, improve capital utilization efficiency and reduce financing costs, Zhejiang Wanfeng Auto Wheel Co.Ltd(002085) (hereinafter referred to as “the company”) plans to borrow 300 million yuan from financial institutions, which will be guaranteed by the wholly-owned subsidiary Zhejiang Wanfeng Motorcycle Co., Ltd. (hereinafter referred to as “Wanfeng motorcycle”).
According to the relevant provisions of the guidelines for the standardized operation of listed companies of Shenzhen Stock Exchange, this guarantee belongs to the guarantee provided by the company’s subsidiary for the legal person within the scope of the company’s consolidated statements. The internal review procedures of the subsidiary Wanfeng Molun have been fulfilled, and it is not necessary to submit it to the board of directors and the general meeting of shareholders for review.
2、 Basic information of the guaranteed
Company name: Zhejiang Wanfeng Auto Wheel Co.Ltd(002085)
Date of establishment: September 30, 2001
Address: Industrial Zone, Xinchang County, Zhejiang Province
Legal representative: Chen Bin
Registered capital: 218687967800 yuan
Main business: production and sales of automobile aluminum alloy wheels and parts.
The company directly holds 100% equity of Wanfeng Molun. As of December 31, 2020, the company had total assets of 15973225900 yuan, total liabilities of 8464392200 yuan, net assets of 7508833700 yuan and asset liability ratio of 52.99%. In 2020, the company realized operating revenue of 10699224900 yuan and total profit of 829022700 yuan, The net profit attributable to the shareholders of the listed company is 565.8206 million yuan (audited); as of September 30, 2021, the total assets of the company were 15811783800 yuan, the total liabilities were 8525647900 yuan, the net assets were 7286135900 yuan, and the asset liability ratio was 53.92%. From January to September 2021, the operating income was 851985.29 million yuan, the total profit was 433791600 yuan, and the net profit attributable to the shareholders of the listed company was 23553300 yuan (Unaudited).
The company is not a dishonest executee, and its operation, finance and credit standing are in good condition.
3、 Main contents of the guarantee agreement
1. Provide guarantee for the company’s loan of 200 million yuan to Shaoxing Branch of Bohai bank
Guarantor: Zhejiang Wanfeng Motorcycle Co., Ltd
Guaranteed: Zhejiang Wanfeng Auto Wheel Co.Ltd(002085)
Mortgagee: Shaoxing Branch of Bohai bank
Guarantee amount: 200 million yuan
Guarantee method: real estate mortgage guarantee
Guarantee period: 1 year
Collateral: plant and land owned by Wanfeng Molun at No. 5 (buildings 1-6), shuilian Road, Wozhou Town, Xinchang County.
2. Provide guarantee for the company’s loan of RMB 100 million to Bank of Wenzhou Shaoxing Branch
Guarantor: Zhejiang Wanfeng Motorcycle Co., Ltd
Guaranteed: Zhejiang Wanfeng Auto Wheel Co.Ltd(002085)
Mortgagee: Bank of Wenzhou Shaoxing Branch
Guarantee amount: 100 million yuan
Guarantee method: real estate mortgage guarantee
Guarantee period: 5 years
Collateral: the plant of Wanfeng science and Technology Park in Xinchang County high tech Industrial Park, the land of Xinchang County High Tech Park and the land at No. 488-2, Xinchang Avenue West Road, Xinchang County owned by Wanfeng Molun.
4、 Impact of guarantee provided by the subsidiary on the company
The guarantee provided by Wanfeng Molun for the company this time is conducive to the demand for funds for the company’s overall business development. There is no situation that damages the interests of the company and shareholders, and will not have an adverse impact on the normal operation and business development of the company and its subsidiaries.
5、 Accumulated external guarantees and overdue guarantees of the company
After this guarantee, the amount of guarantee approved by the company for subsidiaries and companies within the scope of consolidated statements approved by subsidiaries is 3719.8 million yuan, and the actual balance of guarantee is 2368.5484 million yuan, accounting for 69.48% and 44.24% of the audited net assets of the company in 2020 respectively; The approved external guarantee amount and actual balance of the company and its subsidiaries to the controlling shareholders of the company were 150 million yuan and 382.764 million yuan respectively, accounting for 28.02% and 7.15% of the audited net assets of the company in 2020 respectively.
As of the disclosure date of this announcement, the company and its subsidiaries have no overdue external guarantee.
It is hereby announced.
Zhejiang Wanfeng Auto Wheel Co.Ltd(002085) board of directors
December 23, 2021
