Securities code: 002415 securities abbreviation: Hangzhou Hikvision Digital Technology Co.Ltd(002415) Announcement No.: 2021-078 Hangzhou Hikvision Digital Technology Co.Ltd(002415)
Progress announcement on providing guarantee for 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.
1、 Overview of guarantee
Hangzhou Hikvision Digital Technology Co.Ltd(002415) (hereinafter referred to as ” Hangzhou Hikvision Digital Technology Co.Ltd(002415) ” or “the company”) held the second meeting of the Fifth Board of directors on April 15, 2021, deliberated and adopted the proposal on providing guarantee for 27 subsidiaries, and agreed that the company would provide joint and several liability guarantee for 27 wholly-owned / controlled subsidiaries, with a total amount not exceeding RMB 16.1 billion. The above matters have been deliberated and approved by the company’s 2020 annual general meeting of shareholders. For details, please refer to securities times, Shanghai Securities News and cninfo (www.cn. Info. Com.. CN.) published by the company on April 17, 2021 Announcement on providing guarantees for 27 subsidiaries (Announcement No.: 2021-032).
2、 Guarantee progress
On September 15, 2020, the company signed the guarantee contract with DBS Bank Ltd. (hereinafter referred to as “DBS Bank“), which agreed that the company would provide joint and several liability guarantee for the wholly-owned subsidiary Hikvision Singapore PTE. Ltd. (hereinafter referred to as “Haikang Singapore”) to handle the credit business with the credit line of no more than US $50 million in DBS Bank, and the guarantee period would last until December 31, 2023. For details, please refer to securities times, Shanghai Securities News and cninfo (www.cn. Info. Com.. CN.) published by the company on October 12, 2020 Announcement on the progress of providing guarantees for subsidiaries (Announcement No.: 2020-052).
On October 13, 2021, the company and DBS Bank signed the credit change letter and the Amendment Agreement of guarantee contract, which agreed that the company would provide joint and several liability guarantee for the credit business handled by Haikang Singapore in DBS Bank, and the credit line would be changed from no more than US $50 million to no more than US $20 million; The guarantee period is until December 31, 2023. The business scope, term, expenses and other contents guaranteed by this contract shall be subject to relevant legal documents or vouchers. The above guarantee is within the guarantee limit approved by the company’s 2020 annual general meeting of shareholders.
On December 29, 2021, the company obtained the record registration form of the State Administration of foreign exchange on this guarantee. 3、 Accumulated external guarantee and overdue guarantee
As of December 30, 2021, the actual guarantee balance of the company to its holding subsidiaries was 5661.4343 million yuan, accounting for 10.39% of the company’s audited net assets in 2020. The actual guarantee balance of the company’s holding subsidiary to its wholly-owned subsidiary is 18.13 million yuan, accounting for 0.03% of the company’s audited net assets in 2020.
The company and its holding subsidiaries have no overdue external guarantee, no external guarantee involving litigation, and losses due to the judgment of losing the guarantee.
In addition to providing guarantee for subsidiaries and counter guarantee for the actual controller China Electronics Technology Group Co., Ltd. due to Chongqing Ping An City project, the company has not provided guarantee for shareholders, actual controllers and their affiliates, any unincorporated units or individuals, nor overdue guarantee.
It is hereby announced.
Hangzhou Hikvision Digital Technology Co.Ltd(002415) board of directors
December 31, 2021
