Securities code: Anhui Ankai Automobile Co.Ltd(000868) securities abbreviation: Anhui Ankai Automobile Co.Ltd(000868) Announcement No.: 2022027 Anhui Ankai Automobile Co.Ltd(000868)
About cooperation with Zhong’an automobile leasing company
Announcement on financial leasing business and related party transactions
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.
On March 18, 2022, Anhui Ankai Automobile Co.Ltd(000868) (hereinafter referred to as “the company”) held the 13th meeting of the 8th board of directors, and related directors Mr. Dai Maofang, Mr. Liu Yong, Mr. Li Yongxiang, Mr. Wang Delong, Mr. Jiang Han and Mr. Ma Chao abstained from voting. The meeting deliberated and adopted the proposal on carrying out financial leasing business and related party transactions with Zhong’an automobile leasing company with 3 votes in favor, 0 against and 0 abstention, and submitted the proposal to the 2021 annual general meeting of shareholders of the company for voting. The specific contents are announced as follows:
1、 Overview of related party transactions
In order to further revitalize the stock assets, broaden financing channels, optimize financing structure and meet the daily operation needs of the company, the company plans to carry out financial leasing and factoring business under it with Anhui Zhong’an Automobile Financial Leasing Co., Ltd. (hereinafter referred to as “Zhong’an automobile leasing company”) with some equipment assets, with a financing limit of no more than 300 million yuan and a financing period of no more than 3 years.
Zhongan Automobile Leasing Co., Ltd. is an affiliated enterprise of the company (the company holds 10% of its equity), the controlling shareholder Anhui Jianghuai Automobile Group Corp.Ltd(600418) holds 39% of its equity, and Anhui Shen’an Investment Co., Ltd., a wholly-owned subsidiary of Anhui Investment Group Holding Co., Ltd., the second largest shareholder of the company, holds 51% of its equity, thus forming a related relationship.
According to the relevant provisions of the Listing Rules of Shenzhen Stock Exchange and the articles of association, the transaction amount accounts for 113.09% of the latest audited net assets of the company, which shall be submitted to the general meeting of shareholders for deliberation. This transaction constitutes a connected transaction and does not constitute a major asset reorganization as stipulated in the administrative measures for major asset reorganization of listed companies.
2、 Basic information of related parties
Company name: Anhui Zhongan Automobile Finance Leasing Co., Ltd
Company type: joint stock company
Address: fund building, No. 266, bustling Avenue, economic and Technological Development Zone, Hefei Economic and Technological Development Zone, Anhui Province
Legal representative: Pan Qi
Registered capital: 1 billion yuan only
Business scope: financial leasing business of automobiles and related products; Other financial leasing business; Commercial factoring business related to the main business; charter business; Purchase of leased property from outside China; Disposal and maintenance of the residual value of the leased property; Leasing transaction consultation. (for projects subject to approval according to law, business activities can be carried out only after approval by relevant departments)
Unified social information code: 91340000ma2ry23j0j
Affiliated relationship: affiliated enterprises
Main financial data: as of December 31, 2021, Anhui Zhong’an Automobile Finance Leasing Co., Ltd. had total assets of 195814725200 yuan, total liabilities of 90330278231 yuan, net assets of 105484446969 yuan, operating income of 12383099646 yuan and net profit of 4790711782 yuan in 2021. (Unaudited)
3、 Main contents of related party transactions
1. Leasehold: some equipment of the company
2. Lease type: financial lease and factoring business under it
3. Financing limit: no more than 300 million yuan
4. Lease term: no more than 3 years
5. Rent calculation and payment method: repayment in installments according to the interest rate agreed in the agreement
The above agreement has not been signed yet. The board of directors of the company authorizes the management of the company to sign relevant contracts such as financial leasing and factoring business under it with Zhong’an automobile leasing company according to the actual business needs. The final actual financing amount will not exceed the financing amount granted this time.
4、 From the beginning of the year to the disclosure date, the total amount of various related party transactions with the related party has been accumulated
In addition to this related party transaction, from the beginning of the year to the disclosure date, the total amount of various related party transactions between the company and Zhong’an automobile leasing company and other companies controlled by the same subject is RMB 10000.
5、 Purpose of transaction and impact on the company
This time, the company carries out financial leasing and factoring business under it, and uses existing production and operation equipment for financing, which is conducive to further broaden financing channels, optimize the company’s debt structure, revitalize fixed assets, improve the utilization rate of existing fixed assets, help the company obtain financial support for daily operation, and further enhance profitability and market competitiveness. This transaction will not affect the company’s normal use of relevant production equipment, will not have a significant impact on production and operation, will not affect the interests of the company and all shareholders, will not affect the independence of the company’s business, and the risk is controllable. 6、 Opinions of independent directors
The independent directors of the company approved the matter in advance and expressed independent opinions: the company’s development of financial leasing and factoring business under it is conducive to further broaden financing channels and meet the capital needs of the company’s business, which is in line with the interests of the company and all shareholders, and there is no damage to the interests of the company and all shareholders, especially small and medium-sized shareholders. The procedure for the board of directors to consider the matter is legal and compliant, and the related directors have avoided voting. We agree to the proposal and agree to submit it to the general meeting of shareholders for deliberation.
8、 Documents for future reference
1. Anhui Ankai Automobile Co.Ltd(000868) resolutions of the 13th meeting of the 8th board of directors;
2. Relevant independent opinions of independent directors.
It is hereby announced
Anhui Ankai Automobile Co.Ltd(000868) board of directors March 22, 2022
