Stock Code: 600203 stock abbreviation: Fujian Furi Electronics Co.Ltd(600203) Announcement No.: Pro 2022 – 006 Fujian Furi Electronics Co.Ltd(600203)
Announcement on providing joint and several liability guarantee for affiliated companies
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: Fujian Furi Industrial Development Co., Ltd. (hereinafter referred to as Furi industry) and Weidi Technology Co., Ltd. (hereinafter referred to as Weidi Technology).
● the amount of this guarantee and the balance of the guarantee actually provided:
As of the disclosure date of this announcement, the company has provided 52 million yuan of joint and several liability guarantee for its affiliated company (hereinafter “affiliated companies” refer to the wholly-owned and holding subsidiaries within the consolidated financial statements of the company) Furi industry to apply for a comprehensive credit line with an exposure of 40 million yuan (hereinafter 10000 yuan and 100 million yuan refer to RMB) from Ping An Bank Co.Ltd(000001) Fuzhou branch Provide joint and several liability guarantee for Weidi technology to apply for a comprehensive credit line with an exposure of US $5 million from China Trust Commercial Bank Co., Ltd. Hong Kong Branch. The total guarantee balance provided by the company for Furi industry is 595589600 yuan, and the guarantee balance provided for Weidi technology is 0 yuan.
● whether there is counter guarantee this time: None
● cumulative overdue amount of external guarantee: None
1、 Overview of guarantee
The company held the 12th interim meeting of the seventh board of directors in 2021 on December 31, 2021, which deliberated and approved the proposal on providing joint and several liability guarantee of RMB 52 million for the subordinate company Fujian Furi Industrial Development Co., Ltd. to apply for comprehensive credit to Ping An Bank Co.Ltd(000001) Fuzhou branch The proposal on providing joint and several liability guarantee for the affiliated company Weidi Technology Co., Ltd. to apply for the comprehensive credit line with an exposure of US $5 million to the Hong Kong Branch of China Trust Commercial Bank Co., Ltd. (the voting results of the above proposals are: 9 votes in favor, 0 abstention and 0 negative), and agreed that the company should provide joint and several liability guarantee for Furi industry, The guarantee amount is 52 million yuan; It is agreed that the company shall provide joint and several liability guarantee for Weidi technology, with the guarantee amount of USD 5 million. At the same time, Mr. Bian Zhihang, chairman of the company, is authorized to sign relevant legal documents. Independent directors have expressed their independent opinions on the above proposal.
The above guarantee amount is within the scope of providing 900 million yuan for Furi industry and 100 million yuan for Weidi technology as stipulated in the proposal on Authorizing the board of directors of the company to approve the guarantee amount of no more than 7.46 billion yuan for its affiliated companies in 2021, which was deliberated and adopted at the first extraordinary general meeting of the company in 2021 held on February 1, 2021, There is no need to submit it to the general meeting of shareholders for deliberation.
2、 Basic information of the guaranteed
(i) Furi industry
Company name: Fujian Furi Industrial Development Co., Ltd
Registered capital: 175 million yuan
Registered address: Chuangxin building, Kuai’an Avenue, Mawei District, Fuzhou
Legal representative: Wen Chunwang
Business scope: manufacturing, sales and maintenance of TV sets, monitors, electronic computers and accessories, communication equipment, electronic products and electronic devices, TV accessories and household appliances; Sales and maintenance of optical instruments, electrical machinery and equipment; R & D, manufacturing and sales of energy-saving and environmental protection products, photovoltaic equipment, photoelectric materials, devices and application products, and mobile communication terminals (including mobile phones); Research, development, promotion and consulting services of energy-saving and environmental protection technologies and products; Design and construction of energy conservation and environmental protection projects; Research and development of new energy technology; Application software, chemical materials (excluding precursor chemicals), building materials, steel and its products (including stainless steel cart and stainless steel bed), metal materials, jewelry, textiles, cosmetics, arts and crafts, chemical raw materials (excluding precursor chemicals), mineral products, coal, coke, petroleum products (excluding finished oil), fuel oil Wholesale and retail of diesel (excluding hazardous chemicals), medical instruments, mechanical equipment, instruments and meters, hardware and electrical equipment, wires and cables, rubber (including latex) and its products, plastic products, glass instruments, leather products, toys, clothing, shoes and hats, clocks and accessories, furniture; Sales of automobiles; Recycling of waste materials (excluding dangerous goods); Foreign trade. There is no storage place for benzene, toluene, o-xylene, p-xylene and methanol (bill wholesale). Furi industry is a wholly-owned subsidiary of the company, with good credit status and no major contingencies affecting its solvency. The main financial indicators of Furi industry in recent years are as follows:
Unit: RMB 10000
Financial indicators 2020 (audited) September 30, 2021 (Unaudited)
Total assets 176979.37183406.82
Total liabilities 172775.88181885.46
Total bank loans 17524.1917004.44
Total current liabilities 145937.23151644.32
Net assets 4203.491521.36
Financial indicators 2020 (audited) September 30, 2021 (Unaudited)
Operating income 154071.45161298.51
Net profit -2299.93-2704.01
（2） Weidi Technology
Company name: Weidi Technology Co., Ltd
Registered capital: HK $10000
Registered address: rooms 2107-08 21 / fkai Tak commercial building 317-319 des voeuxroad central HK
Legal representative: Wu Muyu
Business scope: trade in wireless mobile communication products, such as traditional mobile communication products, such as smart phones, smart routers, and special mobile phones. In addition, there are intelligent consumer electronics products, such as intelligent SLR camera, intelligent micro projector, etc.
Weidi technology is a three-level holding subsidiary of the company. The company and ABC Financial Asset Investment Co., Ltd. hold 65.5851% and 34.4149% of the shares of Shenzhen Zhongnuo Communication Co., Ltd., the holding subsidiary respectively; Seven other minority shareholders, including Shenzhen Zhongnuo Communication Co., Ltd. and Wang Fan, respectively hold 80% and 20% of the shares of Shenzhen Youli MAC Technology Development Co., Ltd; Weidi technology is a wholly-owned subsidiary of Shenzhen Youli Mike Technology Development Co., Ltd.
Weidi technology is in good credit condition and has no major contingencies affecting its solvency. The main financial indicators of Weidi technology in recent years are as follows:
Unit: RMB 10000
Financial indicators 2020 (audited) September 30, 2021 (Unaudited)
Total assets 11765.0226425.61
Total liabilities 5703.9319903.01
Total bank loans 00
Total current liabilities 5703.9319903.01
Net assets 6061.096522.60
Financial indicators 2020 (audited) September 30, 2021 (Unaudited)
Operating income 84154.2860866.32
Net profit 11.09499.72
Wang Fan and other seven minority shareholders have issued letters of guarantee according to their shareholding ratio.
3、 Main contents of the guarantee agreement
The relevant guarantee agreement for the joint and several liability guarantee provided by the company for Furi industry and Weidi technology has not been signed. The main contents of the guarantee agreement will be determined by the company and the bank through consultation, and the specific contents shall be subject to the final agreement.
4、 Opinions of the board of directors
The company provides guarantee for Furi industry and Weidi technology to support their business development and financing needs. Furi industry and Weidi technology are in stable operation and have the ability to repay debts. Therefore, the board of Directors believes that the risks of the above guarantees are controllable, fair and reasonable, do not harm the interests of the company and all shareholders, and comply with relevant laws and regulations, normative documents and the articles of association.
5、 Accumulated external guarantees and overdue guarantees
As of the disclosure date of this announcement, the total guarantee provided by the company for Furi industry was 753 million yuan, and the guarantee balance was 595.5896 million yuan. The total guarantee provided by the company for Weidi technology was 0 yuan, and the guarantee balance was 0 yuan; The total amount of guarantee provided by the company and its subsidiaries to its subsidiaries is RMB 4553.5 million, and the guarantee balance is RMB 2492.6761 million, accounting for 215.88% and 118.18% of the audited net assets (owner’s equity attributable to the parent company) of the company in 2020 respectively; The total amount of guarantee provided by the company to its affiliated companies is RMB 4.5185 billion, and the guarantee balance is RMB 2492676100, accounting for 214.22% and 118.18% of the company’s audited net assets (attributable to the owner’s equity of the parent company) in 2020 respectively. In addition to providing guarantee to its affiliated companies, the company has no other external guarantee or overdue guarantee.
It is hereby announced.
Fujian Furi Electronics Co.Ltd(600203) board of directors January 4, 2021
