Securities code: 002791 securities abbreviation: Guangdong Kinlong Hardware Products Co.Ltd(002791) Announcement No.: 2021-064 Guangdong Kinlong Hardware Products Co.Ltd(002791)
Progress announcement on providing guarantee for wholly-owned subsidiaries to apply for comprehensive credit from banks
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
Guangdong Kinlong Hardware Products Co.Ltd(002791) (hereinafter referred to as “the company”) held the 14th meeting of the third board of directors and the 2020 annual general meeting on April 7, 2021 and May 7, 2021 respectively, deliberated and adopted the proposal on the prediction of guarantee amount for subsidiaries in 2021, and agreed that the company should be a wholly-owned subsidiary Guangdong Guangdong Kinlong Hardware Products Co.Ltd(002791) products (Hong Kong) Co., Ltd. (hereinafter referred to as “Hong Kong Jianlang”) ）It is expected that the total amount of guarantee will not exceed RMB 2 million. See the company’s disclosure on cninfo.com for details（ http://www.cn.info.com..cn. ）Announcement on the forecast of guarantee amount for subsidiaries in 2021 (Announcement No.: 2021-011) and other relevant announcements.
2、 Guarantee progress
Recently, Hong Kong Jianlang, a wholly-owned subsidiary of the company, applied to Shanghai Branch of HSBC (China) Co., Ltd. (hereinafter referred to as “HSBC”) for a comprehensive credit line of no more than US $10.85 million. The company provided the maximum guarantee for matters related to Hong Kong Jianlang’s application for a comprehensive credit line.
3、 Main contents of the guarantee agreement
1. The main contents of the guarantee agreement signed between the company and HSBC are as follows:
Guarantor: Guangdong Kinlong Hardware Products Co.Ltd(002791)
Guaranteed: Guangdong Guangdong Kinlong Hardware Products Co.Ltd(002791) products (Hong Kong) Co., Ltd
Creditor: HSBC Bank (China) Co., Ltd. Shanghai Branch
Guarantee amount: no more than USD 11.935 million
Scope of guarantee: all creditor’s rights against Hong Kong Jianlang arising from various loans, financing, guarantees and other on balance sheet and off balance sheet financial businesses that Hong Kong Jianlang should undertake under the comprehensive credit contract signed between HSBC and Hong Kong Jianlang, including but not limited to creditor’s rights principal, interest (including penalty interest and compound interest), liquidated damages, creditor’s expenses for realizing creditor’s rights (including lawyer’s fees), etc.
Guarantee period: three years from the date of termination of the period for determining the creditor’s rights.
4、 Accumulated external guarantee quantity and overdue guarantee quantity
As of the disclosure date of the announcement, the total amount of guarantee of the company and its subsidiaries was RMB 2 million, accounting for 50.15% of the company’s latest audited net assets attributable to the parent company (RMB 3987.7354 million); as of the disclosure date of the announcement, the actual total balance of external guarantee of the company and its subsidiaries was RMB 1680.5232 million (calculated at the exchange rate on December 23, 2021), Accounting for 42.14% of the company’s latest audited net assets attributable to the parent company. The foregoing guarantees are all guarantees provided by the company to its subsidiaries, and the company and its subsidiaries do not provide guarantees to units outside the consolidated statements.
The company and its subsidiaries have no overdue external guarantee, no external guarantee involving litigation, and the losses due to the judgment of losing the guarantee.
5、 Documents for future reference
1. Relevant documents signed by the company and HSBC.
It is hereby announced
Guangdong Kinlong Hardware Products Co.Ltd(002791) board of directors December 24, 2001
