Securities code: 600839 securities abbreviation: Sichuan Changhong Electric Co.Ltd(600839) Announcement No.: Lin 2021-062 Sichuan Changhong Electric Co.Ltd(600839)
The 27th meeting of the 11th board of directors decided to announce that 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 notice of the 27th meeting of the 11th board of directors of Sichuan Changhong Electric Co.Ltd(600839) (hereinafter referred to as “the company” or ” Sichuan Changhong Electric Co.Ltd(600839) “) was sent to all directors by e-mail on December 29, 2021, and the meeting was held by communication on December 31. There are 9 directors who should attend the meeting and 9 actually attended the meeting. The deputy general manager, the Secretary of the board of directors, the chief financial officer and the chairman of the board of supervisors attended the meeting as nonvoting delegates. The meeting was held in accordance with the provisions of the company law and the articles of association. The meeting was presided over by Mr. Zhao Yong, chairman of the board of directors. After full discussion, the following resolutions were adopted:
1、 The proposal on signing financial service agreement between Sichuan Changhong Electric Co.Ltd(600839) and Sichuan Changhong Electric Co.Ltd(600839) Group Finance Co., Ltd. was deliberated and adopted
In order to improve the overall fund management and utilization efficiency of the company and reduce the financing cost, the meeting agreed that the company and Sichuan Changhong Electric Co.Ltd(600839) Group Finance Co., Ltd. (hereinafter referred to as the “finance company”) signed a financial service agreement and agreed that from the effective date of this agreement to December 31, 2022, The maximum daily deposit balance (including accrued interest and handling charges) deposited by the company to the finance company shall not exceed RMB 8 billion, and the maximum daily principal and interest of outstanding loans shall not exceed RMB 10.3 billion. According to the relevant provisions of the stock listing rules of Shanghai Stock Exchange and the articles of association, the amount of this connected transaction has been deliberated and approved by the general meeting of shareholders on December 20, 2021. The signing of the financial service agreement does not need to be submitted to the general meeting of shareholders for deliberation. See Sichuan Changhong Electric Co.Ltd(600839) announcement on related party transactions with Sichuan Changhong Electric Co.Ltd(600839) Group Finance Co., Ltd. (Announcement No.: Lin 2021-064) disclosed by the company on the same day for details
Authorize the company’s management to be responsible for signing financial service agreements and other related matters.
Voting results: 4 in favor, 5 in avoidance, 0 against and 0 abstention.
2、 Deliberated and passed the proposal on the write off of bad debts of the company’s accounts receivable
According to the company’s clearing of problem accounts receivable, as of November 30, 2021, some problem accounts receivable were checked and verified by relevant departments and judged as bad debts. According to the relevant provisions of the company’s financial management measures for credit receivables, the meeting agreed to write off the bad debts totaling RMB 935491.46. The accounts receivable to be written off this time have accrued corresponding bad debt reserves in accordance with relevant provisions of accounting standards, and this bad debt write off will not have a significant impact on the current profits and losses of the company.
Voting results: 9 in favor, 0 against and 0 abstention.
It is hereby announced.
Sichuan Changhong Electric Co.Ltd(600839) board of directors January 4, 2022
