601002: Gem-Year Industrial Co.Ltd(601002) announcement on supplementary explanation of related party transactions with Jinyi Logistics Co., Ltd

Securities code: 601002 securities abbreviation: Gem-Year Industrial Co.Ltd(601002) Announcement No.: Lin 2021-077 Gem-Year Industrial Co.Ltd(601002)

Supplementary explanation announcement on related party transactions with Jinyi Logistics Co., Ltd

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.

The company issued the announcement on supplementary confirmation of daily connected transactions (Announcement No.: Lin 2021-020) on March 19, 2021, It is supplemented and confirmed that the company’s accumulated sales and procurement transactions to Jinyi Logistics Co., Ltd. (now renamed jinshunxin Industrial Technology Co., Ltd., hereinafter referred to as “Jinyi logistics”) from November 2020 to February 2021 amounted to 425006900 yuan. On December 31, 2021, the company issued the announcement on receiving the decision on administrative supervision measures of Zhejiang securities regulatory bureau (Announcement No.: Lin 2021-076). According to the investigation of Zhejiang securities regulatory bureau, the daily related transactions, related sales and purchase transactions between the company and Jinyi logistics from November 2020 to March 2021 amounted to 382726200 yuan, Non operating capital transactions amounted to 73.2 million yuan, totaling 455.9262 million yuan. The amount of connected transactions recognized by Zhejiang Securities Regulatory Bureau in the decision is different from the amount of connected transactions disclosed in the company’s announcement on March 19, 2021. The relevant circumstances are explained as follows:

In the announcement on supplementary confirmation of daily related party transactions, the company’s accumulated sales and procurement to Jinyi Logistics Co., Ltd. amounted to 425.069 million yuan, including a non operating capital transaction of 37.5 million yuan. After deducting the amount, the related party transaction amount was 387.5069 million yuan. The reason for the difference is that when the company disclosed the related party transactions with Jinyi logistics on March 19, 2021, the start and end date of related party transaction statistics is determined as November 1, 2020 to February 28, 2021. According to the package deal arrangement and implementation of Jinyi logistics, Jinyi logistics received the capital increase from Shenzhen Shunfeng Investment Co., Ltd. on November 12, 2020, Gem-Year Industrial Co.Ltd(601002) lost its control over Jinyi logistics, and Jinyi logistics became a related party of Gem-Year Industrial Co.Ltd(601002) . From the day after Gem-Year Industrial Co.Ltd(601002) lost control of Jinyi logistics (November 13, 2020) to Gem-Year Industrial Co.Ltd(601002) held the fifth meeting of the sixth board of directors in 2021 on March 18, 2021 to supplement the consideration of its related party transactions, the actual amount of daily related party transactions between the company and Jinyi logistics, and the amount of related sales and procurement transactions is 382726200 yuan.

On March 4, 2021, the company had a non operating capital transaction of 35.7 million yuan with Jinyi logistics (for details, see the explanatory announcement on Gem-Year Industrial Co.Ltd(601002) on Everbright Securities Company Limited(601788) 2021 annual on-site inspection report of continuous supervision disclosed by the company on December 1, 2021), plus the capital transaction of 37.5 million yuan disclosed in the announcement on supplementary confirmation of daily associated transactions, From November 13, 2020 to March 18, 2021, the actual non operating capital transactions between the company and Jinyi logistics were 73.2 million yuan.

The daily related party transactions between the company and Jinyi logistics from November 13, 2020 to March 18, 2021, the amount of related party sales and procurement transactions was 382.7262 million yuan, and the non operating capital transactions were 73.2 million yuan, totaling 455.9262 million yuan.

It is hereby announced.

Gem-Year Industrial Co.Ltd(601002) board of directors

January 1, 2002

 

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