Securities code: 002671 securities abbreviation: Shandong Longquan Pipeline Engineering Co.Ltd(002671) Announcement No.: 2022-003
Shandong Longquan Pipeline Engineering Co.Ltd(002671)
Progress announcement on providing guarantee to 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.
The first meeting of the Fourth Board of directors of Shandong Longquan Pipeline Engineering Co.Ltd(002671) (hereinafter referred to as "the company") deliberated and adopted the proposal on providing guarantee to Wuxi Xinfeng Pipe Industry Co., Ltd., a wholly-owned subsidiary. The company decided to provide a financing guarantee of RMB 150 million to Wuxi Xinfeng Pipe Industry Co., Ltd. (hereinafter referred to as "Xinfeng pipe industry"), For details, please refer to securities times, Securities Daily, China Securities News, Shanghai Securities News and cninfo (www.cn. Info. Com.. CN.) on May 6, 2019 Announcement on providing guarantee to the wholly-owned subsidiary Wuxi Xinfeng Pipe Industry Co., Ltd. (Announcement No.: 2019-043).
1、 Overview of guarantee progress
On January 5, 2022, the company signed the maximum guarantee contract (Contract No.: ec154312201040001) with Bank Of Nanjing Co.Ltd(601009) Wuxi Branch (hereinafter referred to as " Bank Of Nanjing Co.Ltd(601009) "), which agreed that the company would provide the maximum joint and several liability guarantee for Xinfeng management, and the maximum principal balance of the guaranteed creditor's rights was RMB 10 million. The guarantee limit is within the approved guarantee limit and does not need to be submitted to the board of directors or the general meeting of shareholders for deliberation.
2、 Basic information of the guaranteed
1. Basic information
Name: Wuxi Xinfeng Pipe Industry Co., Ltd
Unified social credit Code: 91320211136192777a
Subject type: limited liability company (sole proprietorship of legal person invested or controlled by natural person)
Address: No. 136, Zhenhu Road, Xituo District, Hudai Industrial Park, Binhu District, Wuxi City
Legal representative: Liu Qiang
Registered capital: 151 million yuan
Date of establishment: July 18, 1988
Business scope: manufacturing of high, medium and low pressure pipe fittings, XF two-way air motor valve actuator, cold work, metal cutting, and sales of pipe fittings, pipes and valves; Self operated and acting as an agent for the import and export of various commodities and technologies (except for the commodities and technologies limited or prohibited by the state); Road general cargo transportation. (for projects subject to approval according to law, business activities can be carried out only after approval by relevant departments)
2. Equity relationship: Xinfeng management is a wholly-owned subsidiary of the company, and the company holds 100% of its equity.
3. Main financial indicators:
As of December 31, 2020, Xinfeng management had total assets of 756780300 yuan, net assets of 493608000 yuan and asset liability ratio of 34.78%; From January to December 2020, the operating revenue was 114.8294 million yuan, the total profit was -21.2696 million yuan, and the net profit was -17.6071 million yuan; (the above data has been audited)
As of September 30, 2021, Xinfeng management had total assets of 563226900 yuan, net assets of 394442600 yuan and asset liability ratio of 29.97%; From January to September 2021, the operating revenue was 305.3488 million yuan, the total profit was 32.2879 million yuan, and the net profit was 31.3586 million yuan. (the above data has not been audited)
3、 Main contents of maximum guarantee contract
Creditor (Party A): Bank Of Nanjing Co.Ltd(601009) Wuxi Branch
Guarantor (Party B): Shandong Longquan Pipeline Engineering Co.Ltd(002671)
1. Secured principal creditor's rights and determination period of creditor's rights
The principal creditor's rights guaranteed under this contract are from January 4, 2022 to December 29, 2022 (hereinafter referred to as "creditor's rights determination period"), The principal of creditor's rights formed by Party A's handling of specific credit business for the debtor (i.e. Xinfeng management industry) according to the master contract (including but not limited to loan, loan commitment, acceptance, discount, guarantee of commercial acceptance bill, securities repurchase, trade financing, factoring, letter of credit, letter of guarantee, overdraft, inter-bank lending, guarantee and other off balance sheet businesses). The credit business handled by Party A for the debtor during the period of determination of creditor's rights, including but not limited to letter of guarantee, bill acceptance, bill discount, letter of credit, derivatives and other credit business. If Party A actually makes advances after the period of determination of creditor's rights, it also belongs to the guaranteed main creditor's rights under this contract.
2. Maximum amount of secured claims
The maximum principal balance of the guaranteed creditor's rights under this contract is RMB 10 million only.
If it is determined that it belongs to the guaranteed main creditor's right under this contract on the date of expiration of the creditor's right determination period or other creditor's right determination circumstances stipulated by law, it shall be based on the interest corresponding to the main creditor's right (including compound interest and penalty interest, the same below), liquidated damages, damages, expenses incurred by Party A to realize the creditor's right and other amounts payable by the debtor under the main contract, All belong to the secured creditor's rights, and their specific amount shall be determined when they are paid off.
The sum of the amount of creditor's rights determined according to the above two paragraphs is the maximum amount of creditor's rights guaranteed by this contract.
3. Guarantee mode
Party B shall provide joint and several liability guarantee.
4. Scope of guarantee
The scope of the maximum amount of guarantee provided by Party B includes the guaranteed main creditor's right and its interest (including compound interest and default interest, the same below), liquidated damages, damages, other amounts payable by the debtor under the main contract and expenses incurred by Party A to realize the creditor's right. 5. Guarantee period
The guarantee period is three years from the expiration of the debt performance period arising from each use of the credit line by the debtor under the main contract. 4、 Accumulated external guarantees and overdue guarantees
As of the date of this announcement, the actual external guarantee balance of the company was 305 million yuan (all guarantees provided by the company to wholly-owned subsidiaries or holding subsidiaries), accounting for 13.96% of the company's latest audited net assets attributable to shareholders of listed companies.
As of the date of this announcement, the company and its wholly-owned subsidiaries have no overdue external guarantee, no external guarantee involving litigation and losses due to the judgment of losing the guarantee.
5、 Documents for future reference
Maximum guarantee contract
It is hereby announced.
Shandong Longquan Pipeline Engineering Co.Ltd(002671)
Board of directors
January 6, 2022
