Jinke Property Group Co.Ltd(000656)
On the phased provision of bank mortgage loans by the holding subsidiary for house purchase customers
Announcement of guarantee
Securities abbreviation: Jinke Property Group Co.Ltd(000656) securities code: 000656 Announcement No.: 2022-003 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:
Jinke Property Group Co.Ltd(000656) (hereinafter referred to as the “company”) and its holding subsidiaries (hereinafter referred to as the “holding subsidiaries”) within the scope of consolidated statements, the total amount of external guarantee exceeds 100% of the latest net assets, and the amount of guarantee to the holding subsidiaries with asset liability ratio exceeding 70% exceeds 50% of the latest net assets of the company, As well as the guarantee amount approved for the participating companies outside the consolidated statements exceeds 30% of the net assets of the latest period, and investors are reminded to pay full attention to the guarantee risk.
1、 Guarantee overview
Chongqing Jinke Kejian Real Estate Co., Ltd. (hereinafter referred to as “Jinke Kejian”) and Chongqing Jinke Deyuan Industrial Co., Ltd. (hereinafter referred to as “Deyuan industry”) are respectively responsible for the development and construction of Chongqing Liangjiang health technology city project and Chongqing Jiangjin smart technology city project. According to the bank loan policy and the business practices of real estate development enterprises, in order to speed up the sales of factories and commercial houses in Liangjiang Health Science and technology city project and Jiangjin smart science and Technology City Project Park and provide convenience for house purchase customers, Jinke Kejian and Deyuan industry, the holding subsidiaries of the company, provide phased joint and several liability guarantee for house purchase loan customers who purchase relevant houses, among which, The guarantee amount of Jinke Kejian shall not exceed 450 million yuan, and the guarantee amount of Deyuan industry shall not exceed 300 million yuan. The guarantee liability period starts from the date when the bank issues a loan to the buyer to the date when the buyer completes the mortgage registration procedures with the lender as the mortgagee and submits other warrants to the bank for collection.
The above matters have been deliberated and adopted at the 15th meeting of the 11th board of directors held on December 31, 2021. The voting results are: 9 in favor, 0 against and 0 abstention. According to the Listing Rules of Shenzhen Stock Exchange and the articles of association, this proposal shall be submitted to the general meeting of shareholders of the company for deliberation and passed by more than two-thirds of the voting rights held by the shareholders attending the meeting.
The independent directors expressed their independent opinions.
2、 Basic information of the guaranteed
The guarantors are the customers of house purchase loans for the purchase of plants and commercial houses in the park of Chongqing Liangjiang health technology city project and Chongqing Jiangjin smart technology city project.
3、 Main contents of guarantee
1. Guarantee mode: phased joint and several liability guarantee;
2. Guarantee period: from the date of loan issuance to the date when the mortgage registration of the real estate purchased by the customer is completed and the other warrants are handed over to the bank for collection;
3. Guarantee amount: the guarantee amount of Jinke Kejian shall not exceed 450 million yuan, and the guarantee amount of Deyuan industry shall not exceed 300 million yuan;
4. Other specific contents shall be subject to the agreement signed with relevant banks.
4、 Opinions of the board of directors
The holding subsidiary of the company provides phased guarantee for customers who apply for house purchase loans to purchase the houses in the park and commercial houses of the developed projects, which helps to speed up the product sales and capital return of the developed projects, and reduce the risks caused by uncertain factors such as policies or markets in the later stage. The above guarantee is handled in accordance with the relevant provisions of the lending bank and in line with the business practices of the real estate industry. The guarantee provided this time does not have a significant impact on the normal operation of the company, and there is no damage to the interests of the company and shareholders, especially the interests of minority shareholders.
5、 Accumulated external guarantees and overdue guarantees
By the end of November 2021, the balance of guarantees provided by the company to participating companies was 15.435 billion yuan, and the balance of guarantees provided to subsidiaries, subsidiaries and subsidiaries to each other was 57.797 billion yuan, with a total guarantee balance of 73.232 billion yuan, accounting for 198.34% of the latest audited net assets of the company and 19.21% of the total assets. With the repayment of the loan by the company, its holding subsidiaries and joint-stock companies, the guarantee liability provided by the company or its holding subsidiaries will be automatically relieved. At present, the company, its holding subsidiaries and joint-stock companies operate normally and have sufficient funds. There is no risk of undertaking guarantee liability due to failure to pay the loan on schedule.
6、 Documents for future reference 1. Resolutions of the 15th meeting of the 11th board of directors of the company; 2. Independent opinions of the company’s independent directors on matters related to the 15th meeting of the 11th board of directors. It is hereby announced
Jinke Property Group Co.Ltd(000656) board of directors
December 31, 2021
