Grandjoy Holdings Group Co.Ltd(000031) announcement of the 10th board of directors
Securities code: 000031 securities abbreviation: Grandjoy Holdings Group Co.Ltd(000031) Announcement No.: 2021-098 Grandjoy Holdings Group Co.Ltd(000031)
Announcement on providing guarantee for joint ventures
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
Due to business needs, Grandjoy Holdings Group Co.Ltd(000031) joint venture Foshan Ganying Real Estate Co., Ltd. (hereinafter referred to as "Foshan Ganying", 50% of which is held by the company's wholly-owned subsidiary Foshan Pengyue Real Estate Co., Ltd.) and China Everbright Bank Company Limited Co.Ltd(601818) Shenzhen Branch (hereinafter referred to as " China Everbright Bank Company Limited Co.Ltd(601818) ") recently signed the loan credit change contract (hereinafter referred to as "loan contract"), The total loan term of the loan principal of RMB 350 million under the loan contract is changed to 48 months until December 2022. For the above bank credit and loans, the shareholders of Foshan Ganying signed the pledge contract with China Everbright Bank Company Limited Co.Ltd(601818) respectively to pledge 50% of the equity of Foshan Ganying held by them. This guarantee belongs to the guarantee within the guarantee limit provided by the company.
2、 The company's use of the guarantee amount of the joint venture or associated company
The 2020 annual general meeting of shareholders held by the company on June 17, 2021 deliberated and approved the proposal on the company's provision of guarantee amount to joint venture or associated real estate project companies in 2021 (for details, please refer to the announcement disclosed by the company on cninfo.com on March 27 and June 18, 2021), It is agreed that the company will provide a guarantee amount of 300 million yuan for Foshan Ganying Real Estate Co., Ltd. The company's guarantee amount for Foshan Ganying within the above deliberation amount is 175 million yuan.
3、 Basic information of the guaranteed
Foshan Ganying Real Estate Co., Ltd. was registered on June 27, 2017. Its registered place is one of the first floors of Xiangyun, No. 12, Huaxiang Road, Chancheng District, Foshan. Its registered capital is RMB 100 million and its legal representative is Xie Tao. Business scope: real estate development, operation and sales, self owned asset leasing, property management. Foshan Pengyue Real Estate Co., Ltd. (hereinafter referred to as "Pengyue real estate"), a wholly-owned subsidiary of the company, holds 50% Grandjoy Holdings Group Co.Ltd(000031) of the equity announced by the 10th board of directors, and Shanghai huangda Enterprise Management Co., Ltd. (non affiliated party of our company) holds 50% of the equity of the company. Up to now, Foshan Ganying has no guarantee, litigation or arbitration. The company is not a dishonest person.
The main financial data of Foshan Ganying are as follows:
Unit: Yuan
November 30, 2021 December 31, 2020
(Unaudited) (audited)
Total assets 1267991118.661920274900.97
Total liabilities 909418537.221958233797.61
Bank loan balance 400000000.005000000.00
Balance of current liabilities 909418537.221958233797.61
Net assets: 358572581.44-37958896.64
January November 2021 (Unaudited) year 2020 (audited)
Operating income 00
Total profit -13468521.92-18244766.15
Net profit -13468521.92-18244766.15
4、 Main contents of the guarantee agreement
1. Guaranteed principal amount: no more than 175 million yuan
2. Guarantee method: 50% equity pledge of Foshan Ganying held by Pengyue real estate
3. Guarantee scope: the debt principal, interest (including legal interest, agreed interest and default interest), compound interest, handling charges, liquidated damages, damages, etc. that Foshan Ganying shall repay or pay to the creditor under the loan contract 50% of the expenses for realizing the creditor's rights (including but not limited to litigation / arbitration expenses, lawyer's expenses, notarization expenses, execution expenses, etc.) and all other expenses payable, as well as 50% of the expenses for realizing the pledge and any other payments payable by Pengyue real estate to the creditor.
In addition, the guarantee period of the guarantee contract signed by the relevant parties of the shareholders of Foshan Ganying and the creditor is changed to three years from the expiration of the borrower's debt performance period agreed in the loan contract.
5、 Opinions of the board of directors
The guarantee provided by the company for the joint venture is conducive to promoting the production and operation of the project and meeting the business needs of the project. By sending management personnel, the company can grasp the financial status and operational risks of the joint venture at any time, and timely take the measures announced by the Grandjoy Holdings Group Co.Ltd(000031) 10th board of directors, so that the guarantee object has the actual debt repayment ability. The shareholders and related parties of Foshan Ganying provide guarantees with the same conditions, and Foshan Ganying provides counter guarantees. The guarantee acts are fair and equal.
6、 Accumulated external guarantee quantity and overdue guarantee quantity
As of the completion of this guarantee, the guarantee balance of the company and its holding subsidiaries (excluding the guarantee between subsidiaries within the scope of consolidated statements) was 39515325000 yuan, accounting for 215.33% of the company's audited net assets attributable to shareholders of listed companies as of December 31, 2020 (accounting for 86.57% of net assets). Among them, the balance of guarantees provided by the company for its holding subsidiaries was 32599.3050 million yuan, accounting for 177.64% of the company's audited net assets attributable to shareholders of listed companies as of December 31, 2020 (accounting for 71.42% of net assets). The balance of guarantees provided by the company and its holding subsidiaries to units outside the consolidated statements was 6916.02 million yuan, accounting for 37.69% of the company's audited net assets attributable to shareholders of listed companies as of December 31, 2020 (accounting for 15.15% of net assets).
The company has no overdue guarantee or guarantee involving litigation.
7、 Documents for future reference
1. Pledge contract
2. Resolutions of the company's 2020 annual general meeting
It is hereby announced.
Grandjoy Holdings Group Co.Ltd(000031)
Board of directors
December 31, 2001
