Securities code: 300599 securities abbreviation: Guangdong Xiongsu Technology Group Co.Ltd(300599) Announcement No.: 2022-001 Guangdong Xiongsu Technology Group Co.Ltd(300599)
On the agreement between the wholly-owned subsidiary and the Management Committee of Nanning Economic and Technological Development Zone
Announcement of project supplementary agreement
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.
Special tips:
1. Guangxi Guangdong Xiongsu Technology Group Co.Ltd(300599) Development Co., Ltd. (hereinafter referred to as "Guangxi xiongsu") signed the project entry agreement (hereinafter referred to as "entry agreement") with the Management Committee of Nanning Economic and Technological Development Zone on December 23, 2020, For details, please refer to the announcement on the investment and construction of polymer material production base and scientific research center project by wholly-owned subsidiaries and the signing of project entry agreement (Announcement No.: 2021-004) disclosed by the company on the designated disclosure media on January 23, 2021.
2. As the originally proposed site involves administrative planning adjustment, the project needs to be located separately. Through friendly negotiation, in accordance with relevant laws, regulations, policies and regulations of China and on the basis of the entry agreement, both parties signed the project supplementary agreement (hereinafter referred to as the "supplementary agreement") on December 14, 2021.
3. On January 22, 2021, the company held the 11th meeting of the 3rd board of directors and the 10th meeting of the 3rd board of supervisors, deliberated and adopted the proposal on the project of the company's wholly-owned subsidiary investing in the construction of polymer material production base and scientific research center and the proposal on the signing of project entry agreement between the company's wholly-owned subsidiary and the Management Committee of Nanning Economic and Technological Development Zone, It is agreed that Guangxi xiongsu, a wholly-owned subsidiary of the company, will implement the investment of the project, authorize the chairman of the company and Guangxi xiongsu to sign relevant investment agreements and contracts under the foreign investment, and authorize the management of the company to go through relevant procedures until the relevant matters are completed. The signing of the supplementary agreement does not need to be deliberated and approved by the board of directors and the general meeting of shareholders of the company.
4. The signing of this supplementary agreement will not affect the continuous development and promotion of all works of the project. With regard to the implementation of the matters agreed in this agreement, the company will perform the corresponding information disclosure obligations in accordance with relevant laws and regulations and the relevant provisions of Shenzhen Stock Exchange.
1、 Signing overview of this supplementary agreement
On January 23, 2021, the company disclosed the announcement on the wholly-owned subsidiary's investment in the construction of polymer material production base and scientific research center project and signing the project entry agreement on the designated information disclosure media (Announcement No.: 2021-004). The company signed the project entry agreement with the Management Committee of Nanning Economic and Technological Development Zone on December 23, 2020, Both parties agree that the company will invest in the construction of polymer material production base and scientific research center in Nanning Wuwei airport economic zone.
As the originally proposed site involves administrative planning adjustment, the project needs to be located separately. After friendly negotiation, in accordance with relevant laws, regulations, policies and regulations of China and on the basis of the entry agreement, the two sides signed the supplementary agreement on December 14, 2021.
2、 Basic information of the counterparty of this supplementary agreement
(i) The counterparty of this transaction is the Management Committee of Nanning Economic and Technological Development Zone, which, as the competent administrative department, is fully responsible for the construction and management of Nanning Economic Development Zone, and there is no restriction on the ability to perform the contract.
（2） The Management Committee of Nanning Economic and Technological Development Zone has no transaction with the company in the last three fiscal years and has no relationship with the company and its directors, supervisors and senior managers.
3、 Main contents of this supplementary agreement
Party A: Management Committee of Nanning Economic and Technological Development Zone
Party B: Guangxi Guangdong Xiongsu Technology Group Co.Ltd(300599) Development Co., Ltd
1. Project land: the original "the project land is located in Nanning Wuwei Airport Economic Zone, covering an area of about 185mu, subject to the area finally approved by the natural resources department. Party B will obtain the land use right through the legal procedure of" bidding, auction and listing " It is changed to "the land for the project is located in the starting area of Nanning Wuwei Airport Economic Zone, covering an area of about 163 mu, subject to the area finally approved by the natural resources department. Party B will obtain the land use right through the legal procedure of" bidding, shooting and hanging " After the change of project land, the project implementation site is still located in Nanning Economic and Technological Development Zone.
2. Total investment of the project: the original "total investment of the project is about 700 million yuan, of which the investment in fixed assets is no less than 600 million yuan (including investment in land, plant and equipment)." It is changed to "the total investment of the project is about 616 million yuan, of which the investment in fixed assets is no less than 528 million yuan (including investment in land, plant and equipment)."
3. Others
As a supplement to the entry agreement signed on December 23, 2020, the supplementary agreement has the same legal effect as the entry agreement. In case of any inconsistency, the supplementary agreement shall prevail.
4、 Impact of signing supplementary agreement on the company
(i) After the signing of this supplementary agreement, if the project can be smoothly promoted, it will contribute to the expansion of the company's business, improve the company's business undertaking capacity, further expand the company's market strategic layout, enhance the company's sustainable profitability and comprehensively promote the company's overall development.
（2） The signing and performance of this supplementary agreement will not have any impact on the independence of the company's operation, and the company will not form business dependence on the counterparty.
5、 Risk tips
(i) After the signing of this supplementary agreement, if Guangxi xiongsu fails to obtain the land use right of the project land according to law, the normal performance of the entry agreement will be affected. Therefore, this matter has certain uncertainty.. （2） The total project investment, land use scale and other values involved in this supplementary agreement are planned or estimated, which do not represent the company's prediction of future performance or constitute a performance commitment to shareholders; The specific amount of the project operation shall be subject to the subsequent actual settlement, there is uncertainty, and there is a risk that the final amount is inconsistent with the agreed amount.
Please invest rationally and pay attention to investment risks.
6、 Other relevant instructions
The company will timely disclose the progress of the supplementary agreement of the project in strict accordance with the articles of association, the Listing Rules of GEM stocks of Shenzhen Stock Exchange, the guidelines for standardized operation of GEM listed companies of Shenzhen Stock Exchange and other relevant provisions.
7、 Documents for future reference
The project supplementary agreement signed by Guangxi xiongsu and the Management Committee of Nanning Economic and Technological Development Zone.
It is hereby announced.
Guangdong Xiongsu Technology Group Co.Ltd(300599) board of directors January 1, 2002
