Securities code: 002642 securities abbreviation: Ronglian Group Ltd(002642) Announcement No.: 2022-003 Ronglian Group Ltd(002642)
Progress announcement on recovery of part of financial assistance
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.
Ronglian Group Ltd(002642) (hereinafter referred to as “the company”) held the 29th meeting of the Fourth Board of directors on October 25, 2019, and deliberated and adopted the proposal on providing external financial assistance after the company sold part of the equity of wholly-owned subsidiaries. Beijing Car Network Interconnection Technology Co., Ltd. (hereinafter referred to as “car network interconnection”) still owed 74.8752 million yuan to the company as of the deliberation date, This amount is the current account incurred by the company for its full support of its daily management and operation during the period when CNEEC was a wholly-owned subsidiary of the company. After the company completed the 81% equity transfer of CNET, CNET became a joint-stock company of the company, resulting in the company passively providing financial assistance to companies outside the scope of the consolidated statements. Its business essence is the continuation of the company’s daily operating borrowings from the original wholly-owned subsidiary. See the company’s website at cninfo.com for details（ http://www.cn.info.com..cn. ）The announcement on providing external financial assistance after the company sells part of the equity of a wholly-owned subsidiary (Announcement No.: 2019-078).
The latest progress is announced as follows:
According to the agreement on debt confirmation and settlement of both parties, car network interconnection shall repay the debt / loan to the company not less than RMB 10 million before December 31, 2021. As of December 31, 2021, the company has received the first repayment of RMB 5 million.
In terms of vehicle network interconnection, it said that its new controlling shareholder reorganized the existing business after obtaining the control of vehicle network interconnection. Although the operating condition has improved, due to the continuous impact of covid-19 epidemic in 2020 and 2021, the industry fundamentals are poor, and the overall business of vehicle network interconnection is gradually recovering. Through friendly negotiation, car network Internet promises that the remaining 5 million yuan in arrears in this period will be paid back no later than the end of 2022 through efforts to improve business scale and quality, timely collection and collection, absorption of new capital investment and other means; The repayment plan agreed in the debt confirmation and settlement agreement remains unchanged and will continue to perform the debt settlement responsibility.
The company will continue to pay close attention to the solvency of vehicle network interconnection, actively recover the financial assistance, and timely fulfill the obligation of information disclosure. At present, the risk of the company’s recovery of financial assistance is still within the controllable range and will not have a significant impact on the company’s daily operation. Please pay attention to investment risks.
It is hereby announced.
Ronglian Group Ltd(002642) board of directors January 4, 2002
