Securities code: Wuhan Jingce Electronic Group Co.Ltd(300567) securities abbreviation: Wuhan Jingce Electronic Group Co.Ltd(300567) Announcement No.: 2022038 Wuhan Jingce Electronic Group Co.Ltd(300567)
Announcement on the progress of providing guarantee for subsidiaries to apply for credit extension 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
Wuhan Jingce Electronic Group Co.Ltd(300567) (hereinafter referred to as “the company”) held the 31st meeting of the third board of directors and the 2020 annual general meeting of shareholders on April 25, 2021 and May 18, 2021 respectively, deliberated and adopted the proposal on providing guarantee for subsidiaries to apply for comprehensive credit from banks, so as to ensure the normal production and operation of the company and its subsidiaries and broaden capital channels, The company or its subsidiaries intend to provide guarantee for the subsidiary’s application for comprehensive credit from the bank in 2021, with a total guarantee amount of no more than 1.4 billion yuan; Among them, the company plans to provide a maximum guarantee of RMB 400 million for the credit application of its subsidiary Wuhan Jingli Electronic Technology Co., Ltd. (hereinafter referred to as “Wuhan Jingli”) to the bank. The types of credit include working capital loan, bank acceptance bill, letter of guarantee, China letter of credit, bill discount and other methods, Finally, the credit line and credit term actually approved by each bank shall prevail. For details, please refer to the company’s website on April 27, 2021（ http://www.cn.info.com.cn. ）The announcement of Wuhan Jingce Electronic Group Co.Ltd(300567) on providing guarantee for subsidiaries to apply for comprehensive credit from banks disclosed.
According to the latest provisions of Shenzhen Stock Exchange GEM Listing Rules (revised in 2020), Shenzhen Stock Exchange listed companies self regulatory guidelines No. 2 – standardized operation of GEM listed companies and relevant laws and regulations, the specific guarantee progress is disclosed as follows:
2、 Guarantee progress
In order to meet the daily operation and development needs of Wuhan Jingli subsidiary, the company recently signed the maximum guarantee contract with Industrial Bank Co.Ltd(601166) Wuhan Branch (hereinafter referred to as ” Industrial Bank Co.Ltd(601166) “) numbered “xingyin e guarantee Zi 2202 No. x004”, It is agreed that the company will provide joint and several liability guarantee for a series of credit business contracts that Wuhan Jingli will provide to Industrial Bank Co.Ltd(601166) within the validity period of the guarantee line.
The above guarantee is within the scope of the guarantee matters that have been deliberated and approved, and the guarantee amount is within the scope of the guarantee amount provided by the company for the above subsidiaries, so it is not necessary to submit it to the board of directors and the general meeting of shareholders for deliberation again.
3、 Main contents of guarantee contract
(I) maximum guarantee contract (No.: xingyin e guarantee Zi 2202 No. x004)
1. Creditor: Industrial Bank Co.Ltd(601166) Wuhan Branch
2. Guarantor: Wuhan Jingce Electronic Group Co.Ltd(300567)
3. Debtor: Wuhan Jingli Electronic Technology Co., Ltd
4. The guarantee limit is valid from February 25, 2022 to February 24, 2027
5. The maximum credit limit is equivalent to RMB 80 million only
6. Guarantee mode: joint and several liability guarantee
7. Guarantee scope: the creditor’s rights guaranteed in this contract are all creditor’s rights against the debtor formed by the creditor providing various loans, financing, guarantees and other on balance sheet and off balance sheet financial businesses for the debtor according to the main contract, including but not limited to creditor’s rights principal, interest (including penalty interest and compound interest), liquidated damages, damages, expenses for the creditor to realize the creditor’s rights, etc.
8. Guarantee period: the guarantee period is calculated separately according to each financing provided by the creditor to the debtor under the main contract. For each financing, the guarantee period is three years from the date of expiration of the debt performance period under the financing. If the financing specified in a single main contract expires in batches, the guarantee period of each batch of debt is three years from the date of expiration of the performance period of each batch of financing. If the principal creditor’s right is repaid by instalments, the guarantee period of each creditor’s right shall also be calculated by instalments, and the guarantee period shall be three years from the date of maturity of each creditor’s right.
4、 Accumulated total amount of external guarantees and overdue guarantees
As of the date of this announcement, all external guarantees of the company are limited to the companies included in the consolidated financial statements of the company, and the guarantee method is joint and several guarantee liability guarantee; The actual total amount of external guarantee of the company and its subsidiaries within the validity period is 509153700 yuan (excluding the guarantee of subsidiaries to the company), accounting for 29.07% of the company’s net assets as of December 31, 2020. The company and its subsidiaries have no overdue external guarantees, no guarantees involving litigation and guarantees that should be borne due to the judgment of losing the lawsuit.
5、 Documents for future reference
1. Maximum guarantee contract. It is hereby announced.
Wuhan Jingce Electronic Group Co.Ltd(300567) board of directors March 8, 2022
