Securities code: 001267 securities abbreviation: huilv ecological Announcement No.: 2022032 huilv Ecological Technology Group Co., Ltd
Announcement on capital increase and foreign investment of wholly-owned subsidiaries
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.
1、 Overview of capital increase and foreign investment
1. Basic information:
Huilv Ecological Technology Group Co., Ltd. (hereinafter referred to as “the company”) plans to increase its wholly-owned subsidiary “Hubei Lvquan nursery stock Co., Ltd” (hereinafter referred to as “Hubei Lvquan”) by 40 million yuan with its own funds for the construction of nursery stock base.
After the capital increase, the registered capital of Hubei Lvquan was changed to 50 million yuan, and the company held 100% of its equity unchanged.
2. Approval procedures for this capital increase and foreign investment
The capital increase and foreign investment of Hubei Lvquan has been deliberated and approved at the first meeting of the 10th board of directors of the company. According to the articles of association and relevant management systems, this capital increase does not need to be submitted to the general meeting of shareholders for deliberation.
3. This foreign investment does not constitute a related party transaction or a major asset reorganization stipulated in the administrative measures for major asset reorganization of listed companies.
2、 Basic information of investment object
Enterprise name: Hubei Lvquan seedling Co., Ltd
Unified social credit Code: 91420700309871365d
Legal representative: Li Yan
Registered address: No. 108, marshan Avenue, marshan Town, Liangzihu District, Ezhou City
Date of establishment: June 20, 2014
Registered capital: 10 million yuan
Business scope: planting and sales of seedlings and flowers; Landscape technology consultation; Agricultural and forestry technology development; Planting technology research; Horticultural development; Agricultural tourism project development; Farmers’ scientific and technological services.
Main financial indicators of the latest year:
Unit: Yuan
Statement items September 30, 2021 (Unaudited) December 31, 2020 (audited)
Total assets 40160777543505483481
Total liabilities 25191352782020124049
Net assets 14969424761485359432
Statement items: January September 2021 (Unaudited) year 2020 (audited)
Operating income: 81823 Chengdu Hi-Tech Development Co.Ltd(000628) 454465
Operating profit 11587024290172213
Net profit 11583044289717554
Hubei Lvquan is a wholly-owned subsidiary within the scope of the company’s consolidated statements. As of the disclosure date of this announcement, there is no external guarantee, financial assistance, etc.
3、 Main contents of this capital increase
1. Capital increase mode
The company plans to increase the capital of Hubei Lvquan by 40 million yuan with its own funds. After the capital increase, the registered capital of Hubei Lvquan will be changed from 10 million yuan to 50 million yuan.
2. Before and after the capital increase, the capital contribution and proportion of shareholders of Hubei Lvquan:
Before and after capital increase
Name of shareholder subscribed capital contribution subscribed capital contribution
(10000 yuan) contribution proportion (10000 yuan) contribution proportion
Huilv Ecological Technology Group Co., Ltd. 1 Tcl Technology Group Corporation(000100) % 5 Tcl Technology Group Corporation(000100) %
Total 1 Tcl Technology Group Corporation(000100) % 5 Tcl Technology Group Corporation(000100) %
4、 On the purpose of capital increase, existing risks and impact on the company
1. Purpose of this capital increase
The capital increase of the wholly-owned subsidiary is based on the stable development of the landscaping market under the background of China’s double carbon goal. As a development group of the whole industrial chain of ecological landscape, it is considered to enrich seedling capital and enhance market competitiveness.
2. Possible risks and impacts of this foreign investment
This foreign investment is to increase the capital of a wholly-owned subsidiary within the scope of the consolidated statements, which may face operational risks in the operation and management of Hubei Lvquan. The company will strengthen the management of Hubei Lvquan, conduct scientific management and minimize the possibility of relevant risks.
5、 Documents for future reference
Resolution of the first meeting of the 10th board of directors of the company.
Board of directors of huilv Ecological Technology Group Co., Ltd. March 16, 2022
