Securities code: Beijing Hezong Science&Technology Co.Ltd(300477) securities abbreviation: Beijing Hezong Science&Technology Co.Ltd(300477) Announcement No.: 2022037
Beijing Hezong Science&Technology Co.Ltd(300477)
Announcement on the prediction of comprehensive credit line applied by the company and its subsidiaries to financial institutions and the prediction of guarantee line provided by the company to its 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.
Special tips:
Beijing Hezong Science&Technology Co.Ltd(300477) (hereinafter referred to as “the company”) and its holding subsidiaries provide guarantees with a total amount exceeding 100% of the latest audited net assets, a unit with an asset liability ratio exceeding 70% exceeds 50% of the latest audited net assets of the listed company, and a unit outside the scope of the consolidated statements provides guarantees with a total amount exceeding 30% of the latest audited net assets of the company. Please pay attention to the relevant risks Beijing Hezong Science&Technology Co.Ltd(300477) (hereinafter referred to as “the company” and ” Beijing Hezong Science&Technology Co.Ltd(300477) “) held the third meeting of the sixth board of directors and the third meeting of the sixth board of supervisors respectively on March 21, 2022, deliberated and adopted the proposal on the prediction of comprehensive credit line applied by the company and its subsidiaries to financial institutions and the prediction of guarantee line provided to subsidiaries. The relevant information is hereby announced as follows:
1、 Overview of this credit and guarantee
According to the needs of the company’s business development in 2022, in order to ensure the smooth progress of the company’s production and operation, reduce financing costs and improve capital operation efficiency, the company and its wholly-owned subsidiaries plan to apply for a comprehensive credit line of no more than 150 million yuan from relevant financial institutions and financial enterprises. At the same time, a guarantee amount of no more than 150 million yuan shall be provided for the financing business of each subsidiary within the scope of the consolidated statements. The basic information is as follows:
1. Basic information of credit and loan
In order to meet the needs of the company’s production, operation and development, in 2022, the company and its wholly-owned subsidiaries intend to apply to relevant financial institutions and financial enterprises for comprehensive credit or loan of no more than 150 million yuan (including the extension or renewal of new credit and original credit). The company and its wholly-owned subsidiaries can make internal adjustment within the scope of this line. Within the credit period, the credit line can be recycled. Comprehensive credit is used to handle working capital loans, project capital loans, bank acceptance bills, letters of credit, accounts receivable factoring, bill discount, bank guarantee, financial leasing and other loans and trade financing businesses. The specific loan amount, variety, use requirements, term and loan conditions shall be subject to the approval of financial institutions. The company and its wholly-owned subsidiaries shall timely arrange to apply to relevant financing institutions within the validity period of the line, and the company will no longer issue relevant resolutions to a single financing institution.
The company and its wholly-owned subsidiaries allocate the quota as follows:
Estimated annual credit exposure of the company and its subsidiaries
(10000 yuan)
Beijing Hezong Science&Technology Co.Ltd(300477) 148100
Tianjin Hezong Power Equipment Co., Ltd
Total 150000
The above credit line is not equal to the actual financing amount of the company. The actual financing amount is within the total credit line, which shall be subject to the actual financing amount of the company, its wholly-owned subsidiaries and financial institutions. The company and its wholly-owned subsidiaries can share the above quota.
2. Basic information of guarantee
Apply for comprehensive credit (including but not limited to handling RMB working capital loan, project loan, trade financing, bank acceptance bill, letter of credit, letter of guarantee, bill discount, factoring, export documentary bill, foreign exchange forward settlement and sales, derivative products, etc.) from business related parties (including but not limited to banks, financial institutions and other business partners) for companies at all levels within the scope of consolidated statements The total amount of guarantee provided by the business is no more than RMB 150 million (including the new guarantee, the guarantee that has been effective and being implemented and the extension or renewal of the original guarantee deliberated and approved by the general meeting of shareholders of the company before the board of directors).
In 2022, the amount of credit provided by the company for the wholly-owned subsidiary Tianjin Hezong Power Equipment Co., Ltd. (hereinafter referred to as “Tianjin hezong”) and the holding subsidiary Hunan Yacheng new materials Co., Ltd. (hereinafter referred to as “Hunan Yacheng”) is expected to be as follows:
The guaranteed party expects the guarantee amount in 2022
As of the latest period, the guaranteed party has provided the total amount of guarantee for the proportion of the guaranteed party’s shareholding ratio of the guarantor to the balance of asset liability guarantee of the listed company, and the proportion of net asset guarantee in the latest related case rate (10000 yuan) and degree (10000 yuan) of the company
Beijing Tianjin 100.00% 76.04% 19 Shenzhen Cereals Holdings Co.Ltd(000019) 0000 0.82% no vertical technology
Shares of Hunan 81.80% 70.60% 668754214810000 64.16% no limited company Yacheng
Total 687754215000000 64.98%
Note: according to the announcement of Beijing Hezong Science&Technology Co.Ltd(300477) on capital increase and share expansion of wholly-owned subsidiaries and introduction of strategic investors issued by the company on cninfo.com, the gem information disclosure media designated by the CSRC on January 28, 2022, Jiang Zhejiang Huayou Cobalt Co.Ltd(603799) Co., Ltd. and Zhejiang Huayou Holding Group Co., Ltd. jointly increased the capital of Hunan Yacheng. After the completion of capital and share increase, the registered capital increased from 350 million yuan to 427873900 yuan, and the company’s shareholding ratio in Hunan Yacheng decreased to 81.80%. At present, Hunan Yacheng is undergoing industrial and commercial change procedures.
The above guarantee amount is not equal to the actual financing amount of the company. Within the guarantee amount, the actual guarantee amount shall be subject to the actual loan amount between relevant financing institutions and the company and subsidiaries, and the guarantee period shall be subject to the guarantee liability period agreed in the specifically signed guarantee contract. During the guarantee period, the guarantee line can be recycled. For credit or guarantee matters exceeding the above line, the company will consider and make resolutions separately in accordance with relevant regulations.
The company and its subsidiaries’ application for comprehensive credit line estimation from financial institutions and the provision of guarantee line estimation to subsidiaries need to be submitted to the fourth extraordinary general meeting of shareholders of the company in 2022 for deliberation. At the same time, the board of directors requested the general meeting of shareholders to authorize the management of the company to handle the credit and guarantee related matters of the company and its subsidiaries within the above-mentioned total line according to the actual situation, and sign relevant documents. Including but not limited to contracts, agreements, vouchers and other legal documents of credit extension, loan, financing, mortgage, pledge, guarantee, etc. The authorization is valid for 12 months from the date of deliberation and approval at the fourth extraordinary general meeting of shareholders in 2022. The single item within the above total credit and guarantee will not be separately submitted to the board of directors or the general meeting of shareholders for deliberation. The expected validity period of the credit line and the guarantee line is 12 months from the date when the proposal is considered and adopted by the fourth extraordinary general meeting of shareholders in 2022.
2、 Basic information of the guaranteed
1. Hunan Yacheng
Company name: Hunan Yacheng New Material Co., Ltd
Date of establishment: July 31, 2007
Registration place: Xinkang Road, Ningxiang Economic and Technological Development Zone
Legal representative: Li Zhijun
Registered capital: three hundred and fifty million yuan only
Main business: manufacturing and sales of lithium ion batteries; Production, sales and development of lithium ion battery materials; Production of automobile power battery and automobile power battery materials; Sales of automotive power batteries, automotive power battery materials and batteries; Research and development of automotive power batteries and electronic products; Research on automotive power battery materials; Technology development, consultation and transfer of new energy; Promotion of new energy technologies; Sales, production and R & D of new materials and related technologies; Development of power battery recycling technology and Research on echelon utilization; Battery recycling; Battery recycling. (for projects subject to approval according to law, business activities can be carried out only after approval by relevant departments)
Relationship with the company: holding subsidiary
Equity structure: as of the disclosure date of this announcement, Hunan Yacheng is going through the industrial and commercial change procedures. Before the change, the company holds 100% equity of Hunan Yacheng. The equity structure of the company after the change is as follows (excluding the equity structure after the capital increase and share expansion of investors in the announcement on capital increase and share expansion of holding subsidiaries and related party transactions disclosed on the same day of this announcement):
Beijing Hezong Science&Technology Co.Ltd(300477) Zhejiang Huayou Cobalt Co.Ltd(603799) Zhejiang Huayou Holding Group Co., Ltd. (actual controller)
81.80% 12.13% 6.07%
Hunan Yacheng New Material Co., Ltd
Financial indicators of the guarantor in the latest year and the first period:
Unit: Yuan
Main financial indicators December 31, 2020 (audited) September 30, 2021 (Unaudited)
Total assets 125780096003148779576522
Total liabilities 93162713414105045359695
Net assets 3261738258943734216827
Operating income 5609283299574277726001
Total profit -364082229294598432562
Net profit -307915155032254485677
Other notes: the guaranteed party is not a dishonest executee
2. Tianjin hezong
Company name: Tianjin Hezong Power Equipment Co., Ltd
Date of establishment: March 9, 2015
Place of registration: No. 10, Gaotai Road, Binhai Science Park, Binhai high tech Zone, Tianjin
Legal representative: Wei Qiang
Registered capital: eighty million yuan only
Main business: power and heat production and supply; Manufacturing of metal structures, communication parts, transmission and distribution and control equipment, insulating products, instruments and meters; Repair of electrical equipment and instruments; construction Wholesale and retail Scientific research and technology services Mechanical equipment leasing; Software and information technology services; Business services; Electricity sales service. (for projects that must be approved according to law, business activities can be carried out only with the approval of relevant departments.)
Relationship with the company: wholly owned subsidiary
Equity structure: Beijing Hezong Science&Technology Co.Ltd(300477) holding 100%.
Financial indicators of the guaranteed party in the latest year and period:
Unit: Yuan
Project December 31, 2020 (audited) September 30, 2021 (Unaudited)
Total assets 5997591311370770896674
Total liabilities 4740528620953816607300
Net assets 1257062690416954289374
Operating income 454893223249769049212
Net profit -3235731851385697073
Other notes: the guaranteed party is not a dishonest executee
3、 The company is the main content of the subsidiary guarantee agreement
The company provides joint and several liability guarantee of no more than 150 million yuan for subsidiaries to apply for credit lines of financial institutions, It is used to apply for comprehensive credit from business related parties (including but not limited to handling RMB working capital loan, project loan, trade financing, bank acceptance bill, letter of credit, letter of guarantee, bill discount, factoring, export documentary bill, foreign exchange forward settlement and sales, derivatives and other related businesses). The guarantee shall be valid for 12 months from the date of deliberation and approval of the fourth extraordinary general meeting of shareholders in 2022
