Securities code: Hanma Technology Group Co.Ltd(600375) securities abbreviation: Hanma Technology Group Co.Ltd(600375) No.: pro 2022012 Hanma Technology Group Co.Ltd(600375)
Announcement on the company providing guarantee for the comprehensive credit line applied by the company’s subsidiaries to banks and financial leasing institutions in 2022
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:
● name of the guaranteed: Anhui Valin Automobile Co., Ltd., Shanghai Huirong Financial Leasing Co., Ltd., Anhui Xingma Special Purpose Vehicle Co., Ltd., Wuhu Fuma Auto Parts Co., Ltd.
● amount of this guarantee: no more than RMB 4100 million.
● whether there is counter guarantee in this guarantee: no counter guarantee.
● cumulative number of overdue external guarantees: none.
1、 Overview of guarantee
On March 11, 2022, Hanma Technology Group Co.Ltd(600375) (hereinafter referred to as “the company” or “the company”) held the 14th meeting of the 8th board of directors, deliberated and adopted the proposal on the company providing guarantee for the comprehensive credit line applied by the company’s subsidiaries to banks and financial leasing institutions in 2022, which needs to be submitted to the general meeting of shareholders of the company for deliberation.
In order to meet the production and operation needs of the company’s subsidiaries, ensure the normal development of the production and operation business of the company’s subsidiaries, further reduce the financial cost of the company’s subsidiaries, improve the efficiency of capital use, and make better use of the business platform of banks and financial leasing institutions, the company is the company’s subsidiary Anhui Valin Automobile Co., Ltd. (hereinafter referred to as “Valin automobile”) Shanghai Huirong Financial Leasing Co., Ltd. (hereinafter referred to as “Shanghai Huirong”), Anhui Xingma Special Automobile Co., Ltd. (hereinafter referred to as “Xingma special automobile”) Wuhu Fuma Auto Parts Co., Ltd. (hereinafter referred to as “Wuhu Fuma”) applied to banks and financial leasing institutions for a comprehensive credit line with a total amount of no more than RMB 4100 million (see the annex for details) in 2022 to provide guarantee for a period of one year. The actual credit line of the above subsidiaries shall be subject to the credit line finally approved by banks and financial leasing institutions.
2、 Basic information of the guaranteed
(I) Valin automobile
1. Name of the guaranteed: Anhui Valin Automobile Co., Ltd.
2. Registered address: Ma’anshan economic and Technological Development Zone, Anhui Province.
3. Registered capital: 500 million yuan.
4. Legal representative: Wang Xiangzhi.
5. Business scope: R & D, production and sales of heavy vehicles and automobile chassis. R & D, production and sales of heavy truck engines (this project is limited to branches). R & D, production and sales of auto parts. R & D, production and sales of passenger cars.
6. Financial position:
As of December 31, 2020, the total assets of Valin automobile are 60758104 million yuan and the total liabilities are 36371529 million yuan, including 5562215 million yuan of bank loans, 33970464 million yuan of current liabilities and 24386575 million yuan of net assets; In 2020, the operating income was 4038953600 yuan and the net profit was -182533 million yuan (the above data have been audited).
As of September 30, 2021, the total assets of Valin automobile are 71461931 million yuan and the total liabilities are 49162959 million yuan, including 460937 million yuan of bank loans, 47492274 million yuan of current liabilities and 22298971 million yuan of net assets; From January to September 2021, the operating revenue was 30149288 million yuan and the net profit was -2087604 million yuan (the above data were not audited).
7. Relationship with listed companies: it is a wholly-owned subsidiary of the company.
(II) Shanghai Huirong
1. Name of the guaranteed: Shanghai Huirong Financial Leasing Co., Ltd.
2. Registered address: room 520, No. 462, Shangzhong Road, Xuhui District, Shanghai.
3. Registered capital: 40 million yuan.
4. Legal representative: Yang Zhigang.
5. Business scope: financial leasing business; charter business; Purchase of leased property from outside China; Disposal and maintenance of the residual value of the leased property; Leasing transaction consultation and guarantee.
6. Financial position:
As of December 31, 2020, Shanghai Huirong had total assets of 1523683500 yuan and total liabilities of 114802740 yuan, including total bank loans of 234357500 yuan, total current liabilities of 1057714000 yuan and net assets of 3756566100 yuan; In 2020, the operating income was 663826 million yuan and the net profit was 5.7198 million yuan (the above data have been audited).
As of September 30, 2021, Shanghai Huirong has total assets of 1592766300 yuan and total liabilities of 120445600 yuan, including total bank loans of 1682567 million yuan, total current liabilities of 1113824800 yuan and net assets of 388310300 yuan; From January to September 2021, the operating revenue was 457002 million yuan and the net profit was 8.2789 million yuan (the above data were not audited).
7. Relationship with listed companies: it is a holding subsidiary of the company. The company directly holds 74.25% of its equity, and indirectly holds 15% of its equity through the company’s wholly-owned subsidiary Furui investment and Trade Co., Ltd. (Hong Kong), and the company directly and indirectly holds 89.25% of its equity.
(III) Xingma special automobile
1. Name of the guaranteed: Anhui Xingma Special Purpose Vehicle Co., Ltd.
2. Registered address: No. 799, Jiuhua West Road, economic and Technological Development Zone, Ma’anshan City, Anhui Province.
3. Registered capital: 120 million yuan.
4. Legal representative: Xue Yongchang.
5. Business scope: production of special purpose vehicles (limited to branches); Research and development of special purpose vehicles; Sales of special purpose vehicles (excluding brand cars); R & D, production and sales of auto parts.
6. Financial position:
As of December 31, 2020, the total assets of Xingma special automobile were 8404313 million yuan and the total liabilities were 6 Zhejiang Canaan Technology Limited(300412) million yuan, including 10000 yuan of bank loans, 6264598 million yuan of current liabilities and 2103901 million yuan of net assets; In 2020, the operating income was 7571484 million yuan and the net profit was 254193 million yuan (the above data have been audited).
As of September 30, 2021, the total assets of Xingma special automobile are 940673 million yuan and the total liabilities are 7471499 million yuan, of which the total bank loans are 0 million yuan, the total current liabilities are 7433527 million yuan and the net assets are 1935231 million yuan; From January to September 2021, the operating revenue was 494024100 yuan and the net profit was -16.867 million yuan (the above data were not audited).
7. Relationship with listed companies: it is a wholly-owned subsidiary of the company.
(IV) Wuhu Fuma
1. Name of the guaranteed: Wuhu Fuma Auto Parts Co., Ltd.
2. Registered address: No. 6 Anshan Road, Wuhu District, China (Anhui) pilot Free Trade Zone
3. Registered capital: RMB 25 million.
4. Legal representative: Wang Dagao.
5. Business scope: production and sales of self-produced air compressors, automobile power takeoff, steel structure products, automobile and construction machinery parts; Lubricating oil sales; Ordinary road freight.
6. Financial position:
As of December 31, 2020, Wuhu Fuma had total assets of 247229 million yuan and total liabilities of 118882 million yuan, including total bank loans of 200159 million yuan, total current liabilities of 1164328 million yuan and net assets of 128347 million yuan; In 2020, the operating income was 247032100 yuan and the net profit was 24356600 yuan (the above data have been audited).
As of September 30, 2021, Wuhu Fuma has total assets of 258493100 yuan and total liabilities of 1184067 million yuan, including total bank loans of Focused Photonics (Hangzhou) Inc(300203) million yuan, total current liabilities of 1161572 million yuan and net assets of 140864 million yuan; From January to September 2021, the operating revenue was 146054 million yuan and the net profit was 117395 million yuan (the above data were not audited).
7. Relationship with listed companies: it is a wholly-owned subsidiary of Anhui Fuma Auto Parts Group Co., Ltd., a wholly-owned subsidiary of the company.
3、 Main contents of guarantee
The company provides guarantee for the comprehensive credit line (see Annex for details) with a total amount of no more than RMB 4100 million applied by the company’s subsidiaries Valin automobile, Shanghai Huirong, Xingma special automobile and Wuhu Fuma to banks and financial leasing institutions in 2022, with a term of one year. The actual credit line of the above subsidiaries shall be subject to the credit line finally approved by banks and financial leasing institutions.
4、 Opinions of the board of directors
The guarantors are all wholly-owned subsidiaries or holding subsidiaries of the company, with good asset credit status. This guarantee is in line with the interests of the company and all shareholders, and the guarantee risk is controllable. The board of directors of the company agrees that the company will provide guarantee for the comprehensive credit line with a total amount of no more than RMB 4100 million applied by the company’s subsidiaries to banks and financial leasing institutions in 2022, and agrees to submit the guarantee to the general meeting of shareholders of the company for deliberation.
The independent directors of the company express the following independent opinions: the company’s guarantee for the comprehensive credit line applied by the company’s subsidiaries to banks and financial leasing institutions in 2022 meets the needs of the company’s production and operation, can improve the efficiency of capital use, make better use of the business platform of banks and financial leasing institutions, and does not violate the provisions of relevant laws and regulations. The procedures of the board of directors of the company to consider the guarantee comply with the provisions of relevant laws, regulations, normative documents and the articles of association, and do not harm the interests of minority shareholders. We agree that the company will provide guarantee for the comprehensive credit line with a total amount of no more than RMB 4100 million applied by the company’s subsidiaries to banks and financial leasing institutions in 2022, and agree to submit the guarantee to the general meeting of shareholders of the company for deliberation.
5、 Accumulated external guarantees and overdue guarantees
1. As of the date of this announcement, the company has no overdue guarantee.
2. Other external guarantees of the company:
(1) In order to actively explore the market, promote product sales and accelerate the return of funds, the company actively uses financial instruments to sell the company’s products by means of credit sales such as mortgage loan, confirmed warehouse and financial leasing. At present, the company has established good cooperative relations with banks, financial leasing companies and other institutions. In order to purchase the company’s products, the company provides repurchase guarantee for customers who carry out mortgage loan, confirmed warehouse, financial leasing and other credit sales business with banks and financial leasing companies. The customer must have good reputation and be reviewed and confirmed by the company, banks and financial leasing companies. The total amount of the above guarantee shall not exceed RMB 560 million. Among them, the repurchase guarantee amount of mortgage loan business shall not exceed 400 million yuan, the repurchase guarantee amount of confirmation warehouse business shall not exceed 100 million yuan, and the repurchase guarantee amount of financial leasing business shall not exceed 600 million yuan.
(2) In order to meet the production and operation needs of the company’s subsidiaries, ensure the normal development of the production and operation business of the company’s subsidiaries, further reduce the financial cost of the company’s subsidiaries, improve the efficiency of capital use, and make better use of the business platform of banks and financial leasing institutions, the company provides the company’s subsidiaries Hualing automobile, Xingma special automobile, Wuhu Fuma In 2021, Shanghai Huirong applied to banks and financial leasing institutions for a comprehensive credit line with a total amount of no more than 3900 million yuan to provide guarantee for a period of one year. The actual credit line of the above subsidiaries shall be subject to the credit line finally approved by banks and financial leasing institutions. The above subsidiaries of the company provided counter guarantee to the company.
(3) In order to fully carry out the company’s financial leasing business, promote the sales of the company’s products and broaden the company’s financing channels, the company is the holding subsidiaries Shanghai Huirong and Haitong Hengxin International Financial Leasing Co., Ltd., Xinda Financial Leasing Co., Ltd., Xiamen Haiyi Financial Leasing Co., Ltd., Suyin financial Leasing Co., Ltd., Jiangsu Financial Leasing Co.Ltd(600901) Six institutions of CCB Financial Leasing Co., Ltd. provide guarantee for relevant financial leasing business, and the total amount of guarantee shall not exceed 150 million yuan. Shanghai Huirong provided counter guarantee to the company.
6、 Documents for future reference 1. Resolutions of the 14th meeting of the 8th board of directors of the company. 2. Independent opinions of the company’s independent directors on matters related to the 14th meeting of the eighth board of directors. 3. Copy of the business license of the guaranteed subsidiary. It is hereby announced.
Hanma Technology Group Co.Ltd(600375) board of directors March 12, 2022
Annex: detailed list of comprehensive credit lines applied by subsidiaries of the company to banks and financial leasing institutions in 2022
No. name of the credit granting bank and financial leasing institution of the credit granting party comprehensive credit line (10000 yuan)
China Construction Bank Corporation(601939) MAANSHAN branch
