Securities code: Shanxi Antai Group Co.Ltd(600408) securities abbreviation: St Aetna No.: Lin 2022006 Shanxi Antai Group Co.Ltd(600408)
Announcement on providing guarantee for Shanxi Xintai iron and Steel Co., Ltd
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
Important content tips:
● name of the guaranteed: Shanxi Xintai Steel Co., Ltd. (hereinafter referred to as "Xintai steel")
● the amount of this guarantee and the balance of the guarantee actually provided for it: the amount of this guarantee does not exceed 583.91 million yuan (the guarantee continues to be provided when the existing guaranteed main creditor's rights are renewed at maturity); As of the disclosure date of this announcement, the balance of financing principal guarantee actually provided for Xintai iron and steel is 33714092 million yuan (including the guarantee amount). ● whether there is counter guarantee in this guarantee:
● cumulative overdue amount of external guarantee: None
● this guarantee needs to be submitted to the company's first extraordinary general meeting in 2022 for deliberation
1、 Overview of guarantee
Whereas, the related loan master contracts signed by the related parties Shanxi Xintai iron and Steel Co., Ltd. (hereinafter referred to as "Xintai iron and steel") and Bank Of Communications Co.Ltd(601328) Shanxi Branch (" Bank Of Communications Co.Ltd(601328) "), Industrial And Commercial Bank Of China Limited(601398) Jiexiu sub branch ("Jiexiu ICBC") and Ping An Bank Co.Ltd(000001) Qingdao Branch (" Ping An Bank Co.Ltd(000001) ") will be signed on March 23, April 20 and May 20, 2022 respectively On May 7, Xintai iron and steel will go through the loan renewal procedures when the above main creditor's rights expire (including but not limited to the ways of borrowing new to repay the old and extending the term). At that time, the company plans to continue to provide guarantee for Xintai iron and Steel's loan from the above creditor's Bank, and Shanxi Antai Holding Group Co., Ltd., the controlling shareholder of Xintai iron and steel, will bear the counter guarantee of corresponding joint and several liability to the company.
This guarantee has been deliberated and approved at the second extraordinary meeting of the 10th board of directors in 2022, and needs to be submitted to the first extraordinary general meeting of shareholders in 2022 for deliberation. The general meeting of shareholders shall authorize the management of the company to handle specific matters related to this guarantee and the chairman of the company to sign relevant guarantee agreements.
2、 Basic information of the guaranteed
Xintai iron and Steel Co., Ltd. was established in May 2005. At present, the registered capital is 2 million yuan, the legal representative is Wu Hui, and the actual controller is Mr. Li Anmin. According to the audit, the total assets of Xintai iron and steel at the end of 2020 were 12.234 billion yuan, the net assets were 1.501 billion yuan, and the main business income in 2020 was 9.376 billion yuan,
Since the controlling shareholder of the company holds 100% equity of Xintai iron and steel through its controlled Shanxi Antai Holding Group Co., Ltd., this guarantee constitutes a related guarantee.
3、 Main contents of guarantee
(I) guarantee provided to Bank Of Communications Co.Ltd(601328)
1. Principal creditor's rights guaranteed: the loan amount of the principal contract shall not exceed 108 million yuan, and the loan term shall be 1 year.
2. Guarantee method: the company provides joint and several liability guarantee.
3. Guarantee scope: principal and interest, compound interest, default interest, liquidated damages, damages and expenses for realizing creditor's rights under the main contract.
4. Guarantee period: three years after the expiration of the performance period of independent debt.
(II) guarantee provided to Jiexiu industrial and Commercial Bank of China
1. Principal creditor's rights guaranteed: the total loan amount of the principal contract shall not exceed 395.91 million yuan, of which the principal creditor's rights to be renewed in April 2022 shall not exceed 162.41 million yuan, and the principal creditor's rights to be renewed in May 2022 shall not exceed 233.5 million yuan. The loan term is one year.
2. Guarantee method: the company provides full joint and several liability guarantee.
3. Scope of guarantee: including but not limited to the principal, interest, compound interest, default interest, liquidated damages, damages, exchange rate losses (related losses caused by exchange rate changes) and expenses for realizing the creditor's rights. 4. Guarantee period: three years from the day after the expiration of the loan period under the autonomous contract.
(III) guarantee provided to Ping An Bank Co.Ltd(000001)
1. Principal creditor's rights guaranteed: the loan amount of the principal contract shall not exceed 80 million yuan, and the loan term shall not exceed 3 years. 2. Guarantee method: the company and its holding subsidiaries Shanxi Antai International Trade Co., Ltd. and Shanxi Antai Section Steel Co., Ltd. provide joint and several liability guarantee within the scope of guarantee.
3. Guarantee scope: the principal, interest, default interest, compound interest, liquidated damages, damages and expenses for realizing creditor's rights of all debts (including contingent debts) that the debtor should bear under the main contract.
4. Guarantee period: three years from the effective date of the guarantee contract to the expiration of the specific credit debt performance period under the main contract.
4、 Counter guarantee
For the guarantee provided by the above company to Xintai iron and steel, Shanxi Antai Holding Group Co., Ltd., the controlling shareholder of Xintai iron and steel, will bear the counter guarantee of corresponding joint and several liability to the company.
5、 Opinions of the board of directors
The board of directors of the company believes that the company and Xintai iron and steel are a kind of mutual insurance behavior, which can meet the financing needs of their respective production and operation and project investment, so as to facilitate both parties to raise funds in a timely and effective manner. This guarantee is the guarantee that the existing secured principal creditor's rights will continue to be provided when the loan is renewed at maturity, and the guarantee balance of the company to related parties will not be added. The independent directors approved the guarantee in advance and issued positive independent opinions. Considering that the voting procedure of this proposal is legal, it is agreed to submit the proposal to the first extraordinary general meeting of shareholders of the company in 2022 for deliberation. 6、 Cumulative external guarantee quantity
As of the disclosure date of this announcement, the cumulative external guarantee balance of the company and its holding subsidiaries was 34103912 million yuan, accounting for 134.07% of the company's audited net assets in 2020, of which the cumulative guarantee balance provided by the company for its holding subsidiaries was 38.982 million yuan and the cumulative guarantee balance provided for Xintai iron and steel was 33714092 million yuan. The company and its holding subsidiaries have no overdue external guarantee.
It is hereby announced
Shanxi Antai Group Co.Ltd(600408) board of directors
March 4, 2002
