Securities code: China Jushi Co.Ltd(600176) securities abbreviation: China Jushi Co.Ltd(600176) Announcement No.: 2022028 China Jushi Co.Ltd(600176)
External guarantee announcement
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. Important content tips:
● name of the guaranteed:
Jushi Group Co., Ltd. (hereinafter referred to as “Jushi group”)
Jushi group Jiujiang Co., Ltd. (hereinafter referred to as “Jushi Jiujiang”)
● this guarantee quantity and its accumulative guarantee quantity:
China Jushi Co.Ltd(600176) this time, the company guaranteed Jushi group 500 million yuan, 650 million yuan and 500 million yuan respectively, and the company guaranteed a total of 7843 million yuan for Jushi group.
Jushi group guarantees 150 million yuan for Jushi Jiujiang this time, and Jushi group guarantees 110 million yuan for Jushi Jiujiang in total.
● accumulative amount of external guarantee of the company: RMB 11.572 billion
● cumulative number of overdue external guarantees of the company: None
1、 Overview of guarantee
1. Name of the guaranteed: Jushi group
Total amount of guarantee agreement: 500 million yuan
Guarantee method: joint and several guarantee liability
Guarantee period: 2 years
Creditor: Zhejiang branch of Export Import Bank of China
China Jushi Co.Ltd(600176) provides guarantee for the loan of RMB 500 million applied by its wholly-owned subsidiary Jushi group in Zhejiang branch of Export Import Bank of China, with a term of 2 years.
2. Name of the guaranteed: Jushi group
Total amount of guarantee agreement: 650 million yuan
Guarantee method: joint and several guarantee liability
Guarantee period: 3 years
Creditor: Zhejiang branch of Export Import Bank of China
China Jushi Co.Ltd(600176) provided guarantee for the 650 million yuan loan applied by its wholly-owned subsidiary Jushi group in Zhejiang branch of Export Import Bank of China, with a term of three years.
3. Name of the guaranteed: Jushi group
Total amount of guarantee agreement: 500 million yuan
Guarantee method: joint and several guarantee liability
Guarantee period: 1 year
Creditor: Zhejiang branch of Export Import Bank of China
China Jushi Co.Ltd(600176) provides guarantee for the loan of RMB 500 million applied by its wholly-owned subsidiary Jushi group in Zhejiang branch of Export Import Bank of China, with a term of one year.
4. Name of the guaranteed: Jushi Jiujiang
Total amount of guarantee agreement: 150 million yuan
Guarantee method: joint and several guarantee liability
Guarantee period: 1 year
Creditor: Jiangxi branch of China Development Bank
Jushi group guarantees the 150 million yuan loan applied by its wholly-owned subsidiary Jushi Jiujiang in Jiangxi branch of China Development Bank for a period of one year.
2、 Basic information of the guaranteed
1. Jushi group
Jushi group is a wholly-owned subsidiary of the company, registered in Tongxiang City, Zhejiang Province; Registered capital: 5255313 million yuan; Legal representative: Zhang Yuqiang; Main business: manufacturing and sales of glass fiber and composite products.
As of December 31, 2021, Jushi group had total assets of 35478775600 yuan, total liabilities of 15980896900 yuan and net assets of 19497878700 yuan. In 2021, it realized operating income of 18338183600 yuan and asset liability ratio of 45.04%.
2. Giant stone Jiujiang
Jushi Jiujiang is a wholly-owned subsidiary of Jushi group, registered in Jiujiang City, Jiangxi Province; The registered capital is 706 million yuan; Legal representative: Yang Weizhong; Main business: manufacturing and sales of glass fiber and products.
As of December 31, 2021, Jushi Jiujiang had total assets of 27393069 million yuan, total liabilities of 8789418 million yuan and net assets of 18603651 million yuan. In 2021, it realized operating income of 25187639 million yuan and asset liability ratio of 32.09%.
3、 Opinions of the general meeting of shareholders
The company held the 2020 annual general meeting of shareholders on April 29, 2021, deliberated and passed the proposal on the total amount of guarantees provided by the company and its wholly-owned subsidiaries for its subsidiaries in 2021, In 2021 (from the date of holding the 2020 annual general meeting to the date of holding the 2021 annual general meeting), the total amount of loans guaranteed by the company for its subsidiaries and loans guaranteed by Jushi group for the company and its subsidiaries (including overseas subsidiaries) is 15 billion yuan and 950 million US dollars. This guarantee is within the limit authorized by the general meeting of shareholders.
4、 Accumulated external guarantees and overdue guarantees
As of December 31, 2021, the total amount of external guarantees provided by the company was RMB 11.572 billion (all guarantees provided to wholly-owned and holding subsidiaries), accounting for 51.28% of the latest audited net assets of the company.
The company has no overdue external guarantee.
5、 Directory of documents for future reference
1. Resolutions of the 12th meeting of the 6th board of directors;
2. Resolution of 2020 annual general meeting of shareholders.
It is hereby announced.
China Jushi Co.Ltd(600176) board of directors March 18, 2022
