Securities code: Fspg Hi-Tech Co.Ltd(000973) securities abbreviation: Fspg Hi-Tech Co.Ltd(000973) Announcement No.: 202213
Announcement on write off of assets
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.
1、 Overview
On March 24, 2022, the 21st Meeting of the 10th board of directors and the 13th meeting of the 10th board of supervisors of Fspg Hi-Tech Co.Ltd(000973) (hereinafter referred to as "the company" or " Fspg Hi-Tech Co.Ltd(000973) ") deliberated and adopted the proposal on write off of assets of the company. In order to objectively, truly and fairly reflect the company's financial status and operating results, some long-term equity investments are written off in the company's 2021 financial report in accordance with the accounting standards for business enterprises, the articles of association and relevant accounting policies and systems of the company and based on the principle of prudence. The details are as follows:
1. Write off the company's long-term equity investment in the former holding subsidiary Foshan Weiye plastic products Co., Ltd. (hereinafter referred to as "Weiye company")
Founded on February 25, 2004, Weiye company is a Sino foreign cooperative enterprise invested and established by Fspg Hi-Tech Co.Ltd(000973) , Hong Kong Guanshan Development Co., Ltd., with a registered capital of US $2.11 million and a joint venture term of 11 years. On November 10, 2014, with the approval of relevant departments, the business term of Weiye company was extended to 17 years. On February 24, 2021, the operation of Weiye company expired. After consultation with the shareholders and the deliberation and approval of the decision-making meeting of the company's leading group, Weiye company decided to carry out liquidation and cancellation. On August 3, 2021, the cancellation of registration of Weiye company was approved by Foshan market supervision and Administration Bureau. Weiye company completed liquidation and cancellation and was no longer included in the scope of company merger. As of December 31, 2021, the book balance of the company's long-term equity investment in Weiye company was 314737447 yuan, and the impairment provision has been fully accrued. The company decided to write off the long-term equity investment of 314737447 yuan.
2. Write off the company's long-term equity investment in the former holding subsidiary Foshan yishengda Technology Co., Ltd. (hereinafter referred to as "yishengda company").
Founded on December 1, 2017, yishengda company was jointly invested and established by Fspg Hi-Tech Co.Ltd(000973) and Shenzhen Shengyi Technology Co., Ltd., with a registered capital of 49.5 million yuan, of which Fspg Hi-Tech Co.Ltd(000973) subscribed a registered capital of 32.175 million yuan, accounting for 65.00%, and Shenzhen Shengyi Technology Co., Ltd. subscribed a registered capital of 17.325 million yuan, accounting for 35.00%. As of November 30, 2021, the paid in capital of yishengda company is 4121028273 yuan, including 2362684704 yuan invested by the company.
On August 19, 2021, upon deliberation and approval of the 17th meeting of Fspg Hi-Tech Co.Ltd(000973) the 10th board of directors, it was decided to liquidate and cancel yishengda company. On December 8, 2021, with the approval of Sanshui district market supervision and Administration Bureau of Foshan City, the cancellation of registration of yishengda company was approved. Yishengda company completed liquidation and cancellation and was no longer included in the scope of company merger. As of December 31, 2021, the book balance of the company's long-term equity investment in yishengda company is 2362684704 yuan, and the impairment provision has been fully accrued. The company decided to write off the long-term equity investment of 2362684704 yuan.
2、 Impact on the company
The total amount of long-term equity investment to be written off this time is 2677422151 yuan, which will not affect the current profit of the company. This write off of assets will be more conducive to a true and accurate reflection of the company's financial and operating conditions, and there will be no acts damaging the interests of the company and its shareholders.
3、 Opinions of independent directors
Part of the long-term equity investment written off by the company this time conforms to the relevant provisions of the accounting standards for business enterprises and the actual situation of the company's assets, which will be more conducive to a true and accurate reflection of the company's financial and operating conditions, and there is no behavior damaging the interests of the company and its shareholders. The board of directors of the company has fulfilled relevant approval procedures, and the voting procedures are legal and compliant. Agree to the proposal on write off of assets of the company.
4、 Opinions of the board of supervisors
In order to objectively, truly and fairly reflect the company's financial situation and operating results, the company's 2021 annual financial report wrote off part of the long-term equity investments of Foshan Weiye plastic products Co., Ltd. and Foshan yishengda Technology Co., Ltd., which have been liquidated and cancelled, totaling 2677422151 yuan. This write off complies with the accounting standards for business enterprises and relevant accounting policies and systems of the company, will not have an impact on the current profits of the company, will be more conducive to a true and accurate reflection of the company's financial and operating conditions, and will not harm the interests of the company and its shareholders.
5、 Documents for future reference
Resolution of the 21st Meeting of the 10th board of directors of the company
Resolution of the 13th meeting of the 10th board of supervisors of the company
It is hereby announced.
Fspg Hi-Tech Co.Ltd(000973) board of directors
March 26, 2002
