Securities code: 300382 securities abbreviation: Suzhou Slac Precision Equipment Co.Ltd(300382) Announcement No.: 2021-123 bond Code: 123067 bond abbreviation: sley convertible bond
Suzhou Slac Precision Equipment Co.Ltd(300382)
Announcement on the proposed provision for bad debts and the progress of important events of 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.
Suzhou Slac Precision Equipment Co.Ltd(300382) (hereinafter referred to as "the company") convened the third meeting of the Fifth Board of directors and the third meeting of the Fifth Board of supervisors on December 30, 2021, deliberated and adopted the proposal on the company's proposed provision for bad debts. The company recently learned about the progress of important matters of its subsidiaries and plans to withdraw bad debt reserves for relevant funds based on the principle of prudence. The relevant information is hereby announced as follows:
1、 Progress of important events of subsidiaries and overview of proposed provision for bad debts
(i) Progress of important issues of subsidiaries
On November 5, 2020, the company disclosed that its wholly-owned subsidiary Suzhou Slac Precision Equipment Co.Ltd(300382) International Co., Ltd. (hereinafter referred to as " Suzhou Slac Precision Equipment Co.Ltd(300382) international") had recently suffered a telecommunications fraud by a criminal gang, resulting in more than US $2.05 million in the Suzhou Slac Precision Equipment Co.Ltd(300382) international bank account being defrauded through the network. Some of the cheated funds have been applied for freezing and the rest are being recovered, The above matters and specific progress are detailed in the announcement on important matters of subsidiaries (Announcement No.: 2020-130) disclosed by the company on November 5, 2020, the 2020 annual report (Announcement No.: 2021-033) disclosed on April 28, 2021 and the full text of the 2021 semi annual report (Announcement No.: 2021-085) disclosed on August 24, 2021.
On July 20, 2021, the northern commercial appeal court made a final decision on refusing to accept the appeal of Nidec Minster Co., Ltd, The judgment made by the Kiev Commercial Court on April 19, 2021 (supporting Suzhou Slac Precision Equipment Co.Ltd(300382) international to recover the unjust enrichment of USD 2053036.50 and the legal costs of uah 794500.00 from Nidec Minster) has officially come into force. Ukrainian lawyers and private law enforcement officials immediately launched measures such as sending payment orders to banks to ensure the recovery of funds.
Recently, Beijing Dacheng (Suzhou) law firm forwarded the email of the Ukrainian lawyer to the company, informing the company that the bank involved in the telecommunications fraud case was declared bankrupt by the Central Bank of Ukraine, and the Ukrainian lawyer and private executive officials immediately declared their creditor's rights to the bank bankruptcy administrator according to law, However, the bank insolvency representative refused to recognize the claims of Suzhou Slac Precision Equipment Co.Ltd(300382) international and private executives on the grounds that neither international nor private executives are creditors of the bank, but creditors of other legal entities. At the same time, Nidec Minster Co., Ltd., a telecom fraudster, also submitted a claim application to the bank bankruptcy administrator.
After learning about the matter, the company attached great importance to it and immediately convened Beijing Dacheng (Suzhou) law firm and Ukrainian lawyers to make a careful demonstration. According to the professional opinion of the Ukrainian lawyer, according to the progress of the current matter, it is uncertain whether Suzhou Slac Precision Equipment Co.Ltd(300382) international can be considered as the creditor of the bank, and whether the declared claims of Suzhou Slac Precision Equipment Co.Ltd(300382) international can be fully satisfied in the process of bank liquidation. The declaration of claims submitted by Nidec Minster Co., Ltd. exacerbates this uncertainty and there is no guarantee that Suzhou Slac Precision Equipment Co.Ltd(300382) international will be recognized as a creditor of the bank. Indirect recovery of funds by initiating the bankruptcy application of Nidec Minster Co., Ltd. is also affected by uncertain factors such as court fees and the company's financial situation.
（2） Proposed provision for bad debts
In order to protect the interests of the company and all shareholders, the company has entrusted Beijing Dacheng (Suzhou) law firm to coordinate Ukrainian lawyers to continue to take corresponding legal means to get back the telecom fraud funds. At the same time, according to the latest progress and the opinions of lawyers, there is great uncertainty in the way to get back the telecom fraud funds, and there is also uncertainty in the amount and time of getting back the funds. Based on the principle of prudence, the company plans to fully withdraw the bad debt provision for the telecom fraud funds of USD 2053036.50 in 2021.
The provision for bad debts has been deliberated and approved at the third meeting of the Fifth Board of directors and the third meeting of the Fifth Board of supervisors.
The company and its subsidiary Suzhou Slac Precision Equipment Co.Ltd(300382) international will continue to take various legal means to pursue and protect their rights. The company will timely fulfill the obligation of information disclosure according to the follow-up progress.
2、 Rationality of withdrawing bad debt reserves
After withdrawing the bad debt provision this time, the company can more fairly reflect the company's financial status and operating results, and make the company's accounting information more objective, fair and reasonable.
3、 Impact of bad debt provision on the company's financial position
Up to now, bad debt reserves of 710900 yuan have been withdrawn according to the combination of the defrauded funds, with a book value of 13.5074 million yuan. The impact of this full withdrawal on the company's net profit in 2021 is 13.5074 million yuan, and the impact on owner's equity is 13.5074 million yuan.
4、 Notes of the board of directors on withdrawing bad debt reserves
According to the accounting standards for business enterprises and relevant accounting policies of the company, the company plans to withdraw bad debt reserves in 2021, which is in line with the principle of accounting prudence. The basis of this withdrawal is sufficient, the withdrawal method is reasonable, the withdrawal proportion is appropriate, and it fairly reflects the financial status and operating results of the company.
5、 Independent opinions of independent directors on withdrawing bad debt reserves
According to the accounting standards for business enterprises and relevant accounting policies of the company, the company's provision for bad debts this time meets the actual situation of the company and the requirements of relevant policies. After withdrawing bad debt reserves, the company can more fairly reflect the company's financial status and operating results, and help to provide more relevant and reliable accounting information; The decision-making procedures of the board of directors on this matter are legal. The company agrees to withdraw bad debt provision this time.
6、 Opinions of the board of supervisors on withdrawing bad debt reserves
The company withdraws bad debt reserves in accordance with the accounting standards for business enterprises and relevant regulations, which is in line with the actual situation of the company and can more fairly reflect the company's financial status and operating results; The decision-making procedures of the board of directors on this matter are legal. The company agrees to withdraw bad debt provision this time.
7、 Documents for future reference
1. Suzhou Slac Precision Equipment Co.Ltd(300382) resolution of the third meeting of the Fifth Board of directors;
2. Suzhou Slac Precision Equipment Co.Ltd(300382) resolution of the third meeting of the Fifth Board of supervisors;
3. Independent opinions of independent directors on matters related to the third meeting of the Fifth Board of directors of the company.
It is hereby announced.
Suzhou Slac Precision Equipment Co.Ltd(300382) board of directors December 30, 2021
