Securities code: 300266 securities abbreviation: Xingyuan Environment Technology Co.Ltd(300266) Announcement No.: 2021-118
Xingyuan Environment Technology Co.Ltd(300266)
Announcement on the guarantee provided by the company for the financing of Hangzhou Xingyuan environmental protection equipment Co., Ltd
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.
Xingyuan Environment Technology Co.Ltd(300266) (hereinafter referred to as "the company" or " Xingyuan Environment Technology Co.Ltd(300266) ") held the 31st meeting of the 4th board of directors on December 27, 2021, deliberated and adopted the proposal on the company providing guarantee for the financing of Hangzhou Xingyuan environmental protection equipment Co., Ltd., as follows:
1、 Overview of this guarantee
The guaranteed Hangzhou Xingyuan environmental protection equipment Co., Ltd. (hereinafter referred to as "Xingyuan environmental protection") is a wholly-owned subsidiary of the company. Due to the need to supplement working capital for daily operation, Xingyuan environmental protection has applied for financing of 90 million yuan from Bank Of Communications Co.Ltd(601328) Hangzhou Branch (hereinafter referred to as " Bank Of Communications Co.Ltd(601328) ). At the request of Bank Of Communications Co.Ltd(601328) , the company plans to provide financing for Xingyuan environmental protection in Bank Of Communications Co.Ltd(601328) The financing of the loan is guaranteed by joint and several liability guarantee. The scope of guarantee is that the principal balance does not exceed 90 million yuan and its interest and expenses. The guarantee period is two years after the expiration of the debt performance period under the loan contract, The debt performance period shall not exceed one year (inclusive). This guarantee is not expected in the proposal on predicting the working capital loan guarantee limit of the company and its subsidiaries in 2021, which was deliberated and adopted at the 22nd Meeting of the Fourth Board of directors and the first extraordinary general meeting in 2021.
According to the articles of association and the external guarantee management system, the guarantee matters need to be submitted to the general meeting of shareholders for deliberation.
2、 Basic information of the guaranteed
Name: Hangzhou Xingyuan environmental protection equipment Co., Ltd
Legal representative: Fu Junmin
Company type: limited liability company (sole proprietorship of legal person invested or controlled by natural person)
Registered capital: RMB 230 million
Registered address: room 1005, No. 1588, WangMei Road, Yuhang Economic and Technological Development Zone, Yuhang District, Hangzhou, Zhejiang Province
Business scope: general items: gas and liquid separation and purification equipment manufacturing; Manufacturing of special equipment for agricultural and sideline food processing; Environmental protection consulting services; Manufacturing of machinery specialized in agriculture, forestry, animal husbandry, sideline and fishery; Manufacturing of special equipment for environmental protection; Manufacturing of sludge treatment equipment; Special equipment manufacturing (excluding licensed professional equipment manufacturing); general equipment manufacturing (excluding special equipment manufacturing); special equipment manufacturing for electrical machinery; machinery manufacturing for construction engineering; chemical product sales (excluding licensed chemical products); manufacturing of special machinery for the production of building materials; engineering management services; sales of household appliances; retail of household appliances; manufacturing of household appliances; R & D of household appliances; manufacturing of domestic waste treatment equipment; R & D of resource recycling technology; sales of domestic waste treatment equipment (except for the projects subject to approval according to law, the company shall independently carry out business activities according to law with its business license). Licensed project: construction engineering design; Import and export of goods; Various engineering construction activities; Municipal solid waste business services; Food waste treatment (for items that must be approved according to law, business activities can be carried out only after being approved by relevant departments, and the specific business items shall be subject to the approval results).
Property right and control relationship: Xingyuan environmental protection is a wholly-owned subsidiary of the company, and there are no other natural person shareholders, state-owned assets management departments or other institutions that have reached some agreement or arrangement between shareholders.
3、 Brief assets and operation of the guaranteed
As of December 31, 2020, Xingyuan environmental protection had total assets of 1561218700 yuan, total liabilities of 1275100800 yuan, net assets of 286117900 yuan, operating income of 454605300 yuan, total profit of 4614000 yuan and net profit of 3894200 yuan in 2020. The above consolidated statements have been audited by Sichuan Huaxin (Group) Certified Public Accountants (special general partnership).
As of September 30, 2021, Xingyuan environmental protection had total assets of 1807.5309 million yuan, total liabilities of 1488.5383 million yuan, net assets of 318.9926 million yuan, operating income of 437.1061 million yuan, total profit of 35.8753 million yuan and net profit of 32.645 million yuan from January to September 2021. The above consolidated statement data have not been audited.
4、 Main contents of guarantee
The company intends to provide guarantee for the financing of Xingyuan environmental protection in Bank Of Communications Co.Ltd(601328) in the form of joint and several liability guarantee. The scope of guarantee is that the principal balance does not exceed 90 million yuan and its interest and expenses. The guarantee period is two years after the expiration of the debt performance period under the loan contract, and the debt performance period does not exceed one year (inclusive).
5、 Opinions of the board of directors
The board of Directors believes that this guarantee is mainly for the business and development needs of Xingyuan environmental protection. The financial risk of this guarantee is within the company's control. This guarantee will not damage the interests of the company and shareholders. The board of directors agrees that the company will provide guarantee for Xingyuan environmental protection.
6、 Accumulated external guarantees and overdue guarantees
Up to now, the total amount of guarantee actually provided by the company and its holding subsidiaries is 3875062400 yuan, accounting for 201.86% of the net assets attributable to the parent company in the audited consolidated statements of the company in 2020, which are guarantees between the parent company and subsidiaries and between subsidiaries within the scope of the company's consolidation.
The company and its holding subsidiaries have no overdue external guarantee.
It is hereby announced.
Xingyuan Environment Technology Co.Ltd(300266) board of directors December 27, 2021
