Securities code: 000537 securities abbreviation: Tianjin Guangyu Development Co.Ltd(000537) Announcement No.: 2021-147 Tianjin Guangyu Development Co.Ltd(000537)
Announcement on holding subsidiaries providing financing guarantee for their subsidiaries
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.
Yibin Luneng development (Group) Co., Ltd. (hereinafter referred to as “Yibin Luneng”) is a holding subsidiary of Tianjin Guangyu Development Co.Ltd(000537) (hereinafter referred to as “company” or ” Tianjin Guangyu Development Co.Ltd(000537) “). In order to ensure the development and construction of the project, Yibin Shanshui original real estate Co., Ltd. (hereinafter referred to as “Yibin Shanshui original”) is a wholly-owned subsidiary of Yibin Luneng ）To apply for loan financing from the bank, Yibin Luneng shall provide joint and several liability guarantee. The details are as follows:
1、 Overview of guarantee
In order to ensure the development and construction of real estate projects, Yibin Shanshui, a wholly-owned subsidiary of Yibin Luneng, the holding subsidiary of the company, obtained the original works of Chengdu Rural Commercial Bank Co., Ltd. (hereinafter referred to as “Chengdu Rural Commercial Bank“) ）The development loan credit is 800 million yuan with a term of 3 years. The loan interest rate is one-year LPR + 90BP. At the same time, the loan interest rate is not less than 4.75% and not more than 5%. The purpose of the fund is project development and construction, land and project under construction mortgage. Yibin Luneng needs to provide joint and several liability guarantee, and the guaranteed principal amount is not more than 800 million yuan.
The guarantee has been subject to the internal review procedures of Yibin Luneng, which was reviewed and approved by the board of directors of Yibin Luneng on December 17, 2021 and approved by all shareholders on December 23, 2021. The guarantee does not constitute a related guarantee. According to the guidelines for the standardized operation of listed companies of Shenzhen Stock Exchange and other relevant provisions, the guarantee has fulfilled the internal review procedures of Yibin Luneng, does not involve counter guarantee, and does not need to be submitted to the Tianjin Guangyu Development Co.Ltd(000537) board of directors and the general meeting of shareholders for review.
2、 Basic information of the guaranteed
1. Basic information
Company name: Yibin Shanshui original real estate Co., Ltd
Date of establishment: July 27, 2020
Registered address: floors 1-3, building 15, xinlingyu, Jinshajiang Avenue, Xuzhou District, Yibin City, Sichuan Province
Legal representative: Liu Shuguo
Registered capital: RMB 80 million
Main business: real estate development and operation; Land development services; Municipal utilities; Landscape engineering construction; estate management; Non owned house leasing services; Self owned commercial house leasing services; Enterprise management consulting services; Architectural decoration works; Sales of building materials; Scientific and technological information consulting services; Internet advertising services; Advertising production services; Advertising service; Installation and construction of road signs, road signs and billboards. (for projects subject to approval according to law, business activities can be carried out only after approval by relevant departments)
2. Equity relationship with the company: the company directly holds 65% equity of Yibin Luneng, holds 35% equity of Yibin Luneng through its wholly-owned subsidiary Chongqing Luneng development (Group) Co., Ltd. (hereinafter referred to as “Chongqing Luneng”), and Yibin Luneng holds 100% equity of Yibin landscape original works.
3. Financial situation
Unit: 10000 yuan
Project December 31, 2020 (audited) September 30, 2021 (Unaudited)
Total assets 81057.51209394.12
Total liabilities 41091.62129793.78
Net assets 39965.8979600.34
Project: January December 2020 (audited) January September 2021 (Unaudited)
Operating income–
Total profit -34.11-498.13
Net profit -34.11-365.55
4. Latest credit rating status: good credit status.
5. Upon inquiry, the original Yibin Shanshui is a non dishonest executee.
3、 Main contents of guarantee agreement
According to the contract, when Yibin Shanshui original fails to perform its debts as agreed in the main contract, Yibin Luneng shall bear joint and several guarantee liability. The scope of guarantee includes the principal and interest of creditor’s rights, liquidated damages, compensation, other payments payable by the debtor to the creditor, etc. The guarantee period is three years from the expiration of the debt performance period under the main contract.
4、 Internal deliberation opinions of Yibin Luneng
In order to meet the needs of the development and construction of Yibin landscape original works project, the board of directors and shareholders of Yibin Luneng agreed that Yibin Luneng would provide guarantee for the financing of Yibin landscape original works, and issued relevant resolutions.
5、 Cumulative external guarantee amount as of September 30, 2021
1. The company and its holding subsidiaries have no overdue guarantee or guarantee involving litigation.
2. The total balance of guarantees provided by the company and its holding subsidiaries to units outside the consolidated statements is 3235 million yuan, accounting for 21.07% of the company’s latest audited net assets and 4.32% of the total assets.
3. The guarantee balance provided by the company to the company’s holding subsidiaries is 3582.8307 million yuan, and the guarantee balance provided by the company’s holding subsidiaries and subsidiaries to the company is 2724399 million yuan, with a total guarantee balance of 3855.2706 million yuan, accounting for 25.10% of the company’s latest audited net assets and 5.15% of the total assets.
4. After the guarantee is provided, the total balance of external guarantee of the company and its holding subsidiaries is 7890.2706 million yuan, accounting for 51.38% of the company’s latest audited net assets and 10.54% of the total assets.
6、 Documents for future reference
1. Resolution of shareholders of Yibin Luneng development (Group) Co., Ltd;
2. Resolution of the board of directors of Yibin Luneng development (Group) Co., Ltd;
3. Guarantee contract.
It is hereby announced.
Tianjin Guangyu Development Co.Ltd(000537)
Board of directors
December 27, 2021
