Securities code: Guangdong Guanhao High-Tech Co.Ltd(600433) securities abbreviation: Guangdong Guanhao High-Tech Co.Ltd(600433) Announcement No.: 2022011 Guangdong Guanhao High-Tech Co.Ltd(600433)
Announcement on the guarantee provided by the holding subsidiary to the subordinate subsidiary
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:
Guarantors: Zhuhai Huafeng Paper Co., Ltd. (hereinafter referred to as "Zhuhai Huafeng") and Zhuhai Jinji Chemical Co., Ltd. (hereinafter referred to as "Jinji chemical");
Amount of guarantee and balance of guarantee actually provided: the total amount of this guarantee shall not exceed 1.33 billion yuan. As of March 10, 2022, the external guarantee balance of Guangdong Guanhao High-Tech Co.Ltd(600433) (hereinafter referred to as "the company") and its subsidiaries was 440945100 yuan, of which the guarantee balance provided by Hongta Renheng to its subsidiaries was 221.81 million yuan, accounting for 6.38% and 3.21% of the latest audited net assets of the listed company respectively.
Whether there is counter guarantee in this guarantee: Yes;
Cumulative overdue amount of external guarantee: none.
1、 Overview of guarantee
In 2022, the guarantee form was optimized and adjusted. From April 1, 2022 to March 31, 2023, Zhuhai Hongta Renheng Packaging Co., Ltd. (hereinafter referred to as "Hongta Renheng"), the holding subsidiary of the company, plans to provide a total guarantee of no more than RMB 1.33 billion for its subsidiary Zhuhai Huafeng Jinji chemical to apply for credit from the bank. The details are as follows:
The shareholding ratio of the guarantor and the guaranteed party and the proposed guarantee amount
(RMB 100 million)
Zhuhai Huafeng 100% 12
Hongta Renheng
Jinji chemical 51% 1.30
Total 13.30
The guarantee amount of Hongta Renheng, the holding subsidiary of the company, to its subsidiaries is RMB 1.33 billion, which is allocated between the two subsidiaries according to actual needs.
(II) deliberations at the meeting
The company held the 9th meeting of the 8th board of directors on March 10, 2022, and deliberated and adopted the proposal on the guarantee provided by the company's holding subsidiaries for its subsidiaries in 2022 with 9 affirmative votes, 0 negative votes and 0 abstention votes. The proposal shall be submitted to the general meeting of shareholders of the company for deliberation.
2、 Basic information of the guaranteed
(I) Zhuhai Huafeng
Company name: Zhuhai Huafeng Paper Co., Ltd
Registered address: Gaolan Petrochemical Zone, Gaolan Port Economic Zone, Zhuhai
Legal representative: Li Fei
Registered capital: 98455933 yuan
Business scope: production and sales of high-grade paper and paperboard (including high-grade gray coated white paperboard, high-grade white cardboard and liquid packaging paperboard); Wholesale of pulp, paper and paper products, chemical products (excluding dangerous chemicals and precursor chemicals), electrical appliances and accessories, mechanical equipment and mineral products (excluding precious metal ores and iron ores); Research and development of paper and paper products. (for projects subject to approval according to law, business activities can be carried out only after approval by relevant departments)
Latest credit rating status: AA
In 2021, Zhuhai Huafeng had total assets of 24049418 million yuan and total liabilities of 11057718 million yuan, including total bank loans of 1235494 million yuan, total current liabilities of 10748968 million yuan, net assets of 129917 million yuan, operating income of 26517148 million yuan and net profit of 2030486 million yuan. Relationship with the company: the company is a wholly-owned subsidiary of Hongta Renheng, a holding subsidiary of the company.
(II) Jinji chemical
Company name: Zhuhai Jinji Chemical Co., Ltd
Place of registration: No. 360, gaolangang Avenue, gaolangang Economic Zone, Zhuhai
Legal representative: Yang Dongmei
Registered capital: RMB 6927194 million
Business scope: general items: manufacturing of synthetic materials (excluding hazardous chemicals); Sales of non-metallic minerals and products; Sales of special equipment for oil refining and chemical production; Sales of special equipment for pulping and papermaking. (except for the items subject to approval according to law, the business activities shall be carried out independently according to law with the business license) licensed items: operation of hazardous chemicals. (for projects that must be approved according to law, business activities can be carried out only with the approval of relevant departments. The specific business projects shall be subject to the approval documents or licenses of relevant departments)
Latest credit rating status: AA
In 2021, Jinji chemical had total assets of 426028900 yuan and total liabilities of 202408500 yuan, including total bank loans of 35946100 yuan, total current liabilities of 202408500 yuan, net assets of 223620400 yuan, operating income of 567518000 yuan and net profit of 55348100 yuan.
Relationship with the company: the company is a holding subsidiary of Hongta Renheng, a holding subsidiary of the company, with Hongta Renheng holding 51%.
3、 Main contents of guarantee
1. Guarantee method: credit guarantee
2. Guarantee period: 12 months
3. Guarantee amount: the accumulative credit line does not exceed 1.33 billion yuan. Hongta Renheng, the holding subsidiary of the company, provides loan guarantee for its subsidiary Zhuhai Huafeng with a total amount of no more than 1.2 billion yuan, and provides loan guarantee for Jinji chemical with a total amount of no more than 130 million yuan. The guarantee provided by other shareholders of Jinji chemical for Hongta Renheng provides counter guarantee in proportion.
4、 Opinions of the board of directors
According to the production and operation status of Hongta Renheng's subsidiaries, the board of Directors believes that the above guarantee scheme is conducive to obtaining the working capital support required for business development and is in line with the overall interests of the company and its subsidiaries. Hongta Renheng, Zhuhai Huafeng and Jinji chemical have normal operation and excellent assets. The company has control over its operation and financial decision-making, and the financial risk is controllable. There is no transfer of resources or transfer of interests, which will not damage the interests of the listed company and its shareholders. Therefore, the board of directors agreed that Hongta Renheng, a holding subsidiary, would provide guarantee for its subsidiaries and agreed to submit the proposal to the general meeting of shareholders of the company for deliberation.
5、 Accumulated external guarantees and overdue guarantees
As of March 10, 2022, the external guarantee balance of the company and its subsidiaries was 440945100 yuan, of which the guarantee balance provided by Hongta Renheng to its subsidiaries was 221.81 million yuan, accounting for 6.38% and 3.21% of the latest audited net assets of the listed company respectively. In addition, the company has no overdue external guarantee.
It is hereby announced.
Guangdong Guanhao High-Tech Co.Ltd(600433) board of directors March 11, 2022
