Securities code: Xiamen King Long Motor Group Co.Ltd(600686) securities abbreviation: Xiamen King Long Motor Group Co.Ltd(600686) No.: pro 2022013 Xiamen King Long Motor Group Co.Ltd(600686)
Announcement on providing financing guarantee for customers by subsidiaries of the company in 2022
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.
In order to improve market competitiveness and promote the growth of passenger car sales revenue, in 2022, the company’s subsidiaries will continue to sign framework cooperation agreements with cooperative banks to provide bank mortgage loan guarantee, financial leasing guarantee and e-bank acceptance bill guarantee for customers who cannot buy cars with full payment.
1、 Overview of guarantee
The company’s subsidiaries Xiamen Jinlong United Automobile Industry Co., Ltd. (hereinafter referred to as “Jinlong united”), Xiamen Jinlong station wagon Co., Ltd. (hereinafter referred to as “Jinlong station wagon”) and Jinlong United Automobile Industry (Suzhou) Co., Ltd. (hereinafter referred to as “Suzhou Jinlong”) intend to provide bank mortgage loan guarantee for customers with good reputation in 2022 Financial lease guarantee and e-bank acceptance bill guarantee business.
This guarantee has been deliberated and approved at the 12th meeting of the 10th board of directors of the company. According to the requirements of the articles of association and relevant laws and regulations, this guarantee still needs to be submitted to the general meeting of shareholders for deliberation.
2、 Basic information of the guaranteed
Natural and legal person customers with good reputation and bank loan conditions who have passed the credit review of subsidiaries and banks of the company.
3、 Implementation of guarantee matters in 2021 and quota forecast in 2022
(I) provision of automobile mortgage loan guarantee, financial lease guarantee and e-bank acceptance guarantee for customers in 2021
Unit: 10000 yuan
Actual year of 2021 as of December 2021 No. company name approved amount in 2021 balance of guarantee (Unaudited) generated by customers as of December 31, 2021
(Unaudited)
1 Jinlong United 120 Shenzhen Quanxinhao Co.Ltd(000007) 9402906638213
2 Jinlong station wagon 120 China High-Speed Railway Technology Co.Ltd(000008) 59238013167274
3 Suzhou Jinlong 100 Shenzhen Fountain Corporation(000005) 07 Honz Pharmaceutical Co.Ltd(300086) 43100
Total 340 China Vanke Co.Ltd(000002) 160567028448587
As of December 31, 2021, the balance of auto mortgage loan guarantee, financial lease guarantee and e-bank acceptance bill guarantee provided by the company for car buyers was 28448587 million yuan, accounting for 55.69% of the audited net assets of the company in 2020.
(II) estimated amount of automobile financing guarantee for customers in 2022
In 2022, the company’s subsidiary plans to provide bank mortgage loan guarantee, financial lease guarantee and e-bank acceptance bill guarantee for car buyers. The amount is as follows:
No. company name expected amount in 2022 (10000 yuan)
1. Jinlong United 12000000
2 Jinlong station wagon 12000000
3 Suzhou Jinlong 10000000
Total 34000000
The board of directors authorizes the chairman to approve the appropriate adjustment of the financing guarantee amount of each subsidiary according to the actual situation under the condition that the total amount of annual financing guarantee remains unchanged.
The company’s subsidiaries provide bank mortgage loan guarantee, financial leasing guarantee and e-bank acceptance guarantee business for customers with good reputation. The implementation of this business can effectively promote sales revenue and ensure the long-term sustainable development of the company.
4、 Opinions of the board of directors
The board of directors of the company believes that the company’s subsidiaries provide bank mortgage loan guarantee, financial leasing guarantee and e-bank acceptance guarantee business for customers with good reputation. The implementation of this business can effectively promote sales revenue and ensure the long-term sustainable development of the company.
5、 Opinions of independent directors
The independent directors of the company believe that: the company’s subsidiaries provide bank mortgage loan guarantee, financial leasing guarantee and e-bank acceptance bill guarantee business for customers with good reputation. The implementation of this business can effectively promote the growth of sales revenue and ensure the long-term sustainable development of the company, without damaging the interests of the company or the interests of minority shareholders.
6、 Directory of documents for future reference
1. Xiamen King Long Motor Group Co.Ltd(600686) the resolution of the 12th meeting of the 10th board of directors
2. Xiamen King Long Motor Group Co.Ltd(600686) independent directors’ independent opinions on matters related to the 12th meeting of the 10th board of directors are hereby announced.
Xiamen King Long Motor Group Co.Ltd(600686) board of directors March 17, 2022
