Securities code: Zhejiang Taitan Co.Ltd(003036) securities abbreviation: Zhejiang Taitan Co.Ltd(003036) Announcement No.: 2022018
Zhejiang Taitan Co.Ltd(003036)
About applying for buyer's credit from the bank
Announcement on the amount and guarantee liability
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.
Zhejiang Taitan Co.Ltd(003036) (hereinafter referred to as "the company") held the 9th meeting of the 9th board of directors on March 15, 2022, deliberated and adopted the proposal on considering the application for buyer's credit line from the bank and undertaking guarantee liability. The details are as follows:
1、 Overview of buyer's credit and guarantee
The company applies to the bank for buyer's credit and sells equipment by means of mortgage loan to some customers, that is, the customer applies to the bank for equipment mortgage loan, the company provides guarantee for the borrower and the customer provides counter guarantee for the company.
The company controls the total balance of the buyer's credit guarantee, that is, from the date of the resolution of the company's 2021 annual general meeting to the date of the resolution of the 2022 annual general meeting, the total balance of the buyer's credit guarantee provided by the company to customers will not exceed RMB 200 million. During the above-mentioned period, under the buyer's credit line approved by the bank and the total balance of the guarantee provided by the company for the customer's buyer's credit business does not exceed RMB 200 million, the company can provide the customer with buyer's credit guarantee continuously and circularly. This proposal still needs to be submitted to the 2021 annual general meeting of shareholders for approval.
2、 Basic information of guarantee parties
(I) basic information of the guarantor
Company name: Zhejiang Taitan Co.Ltd(003036) ;
Registered address: No. 99 Titan Avenue, Qixing street, Xinchang County, Zhejiang Province;
Legal representative: Chen Yurong;
Registered capital: 216 million yuan;
Business scope: import and export business (see the approval of the Ministry of foreign trade and economic cooperation for details); Production, sales and consulting services of textile machinery and accessories, mechanical equipment and accessories, textile equipment, household appliances and accessories, capsule machinery and hardware products, and road cargo transportation (operated with license). (for projects subject to approval according to law, business activities can be carried out only after approval by relevant departments)
(II) basic information of the guaranteed
The basic information of the guaranteed shall be subject to the actual object of specific business.
3、 Details of guarantee items
According to the needs of business development, from the date of the resolution of the company's 2021 annual general meeting to the date of the resolution of the 2022 annual general meeting, the company provides qualified customers with buyer's credit guarantee with a cumulative guarantee balance of no more than 200 million yuan, which can be used in a rolling manner within the above limit.
The specific contents of the buyer's credit guarantee agreement shall be subject to the actual occurrence of specific business.
4、 Risk control measures for guarantee matters
(I) customer credit review
In terms of credit review, the company has formulated strict business approval procedures to investigate and evaluate the credit of customers. On the basis of the company's recognition that it has good business reputation and has the ability to perform the contract, the company will recommend it to the cooperative bank, and the cooperative bank will conduct credit review again with internal procedures. Control the business risk of buyer's credit from the source through strict credit review procedures.
(II) after sales tracking
The company will conduct regular or irregular after-sales return visits and follow-up to the buyer's credit customers to master and understand the operation and credit changes of customers. For customers with significant adverse changes in credit, the company will immediately contact the cooperative bank. The company requires cooperative banks to feed back information in time, notify the company in the first time in case of customer default, and take measures with the bank to control risks and eliminate hidden dangers.
(III) legal rights protection
If the customer is unable to repay the principal and interest of the loan as agreed in the loan agreement, the company can transfer the equipment at a discount through litigation and bear the relevant expenses of the bank's application for enforcement. The cost of the customer's dishonesty is high, which promotes the customer's faithful performance. For customers with serious breach of contract, the company also works closely with cooperative banks to actively safeguard their rights through legal channels.
5、 Accumulated external guarantee and overdue guarantee
As of December 31, 2021, the accumulated balance of external guarantee generated by the company's application for buyer's credit was 907993 million yuan, accounting for 7.95% of the owner's equity attributable to the parent company in the latest audit; As of the disclosure date of this announcement, the company has no illegal external guarantee, and the company has not provided guarantee for shareholders, actual controllers and their related parties.
6、 Opinions of the board of directors, independent directors and the board of supervisors
1. The board of directors of the company expressed the following opinions on applying for the buyer's credit line from the bank and assuming the guarantee liability:
This guarantee is mainly to meet the needs of the company's business development, provide financing support for customers in the process of purchasing the company's products, promote sales collection, reduce business risks, help the company broaden sales channels and meet the overall interests of listed companies. If the guaranteed is a customer with good reputation, who meets the financing conditions and has no associated relationship with the company after being reviewed by the cooperative financial institution, the guarantee risk is controllable and will not damage the interests of the listed company, which is in line with the relevant provisions of the China Securities Regulatory Commission and Shenzhen stock exchange.
2. The independent directors of the company expressed the following opinions on applying for the buyer's credit line from the bank and assuming the guarantee liability:
The company has applied to the bank for the buyer's credit line and assumed the guarantee liability, and has performed the corresponding decision-making procedures in accordance with relevant laws and regulations, normative documents and relevant systems of the company. This matter is in line with the needs of the company's normal operation and the interests of all shareholders. It is agreed that the company will apply to the bank for the buyer's credit line in 2022 and bear the guarantee liability.
3. The board of supervisors of the company expressed the following opinions on applying for the buyer's credit line from the bank and assuming the guarantee liability:
The development of this guarantee business meets the needs of the company's production and operation and is in line with the company's long-term development interests. The above guarantee does not violate the relevant provisions of the CSRC and Shenzhen Stock Exchange on external guarantee of listed companies. It is agreed that the company will apply to the bank for the buyer's credit line in 2022 and bear the guarantee liability.
7、 Opinions of the sponsor
The company provides buyer's credit guarantee for customers by applying for buyer's credit line, which is conducive to the company's better business development and customer relationship maintenance. The relevant matters have been deliberated and adopted at the 9th meeting of the 9th board of directors and the 9th meeting of the 9th board of supervisors, and the independent directors of the company have expressed clear consent, which is in line with the requirements of the company law of the people's Republic of China, the stock listing rules of Shenzhen Stock Exchange and other laws, regulations and normative documents and the provisions of the articles of association, There is no behavior damaging the interests of the company and shareholders.
Hualong Securities Co., Ltd. has no objection to Zhejiang Taitan Co.Ltd(003036) applying to the bank for the buyer's credit line and assuming the guarantee liability.
8、 Documents for future reference
1. Resolutions of the ninth meeting of the ninth board of directors of the company;
2. Resolutions of the ninth meeting of the ninth board of supervisors of the company;
3. Prior approval and independent opinions of the independent directors of the company on matters related to the resolutions of the ninth meeting of the ninth board of directors;
4. Verification opinions of the sponsor on the company's application to the bank for the buyer's credit line and undertaking the guarantee liability.
It is hereby announced.
Zhejiang Taitan Co.Ltd(003036) board of directors
March 16, 2022
