Securities code: Beijing Oriental Jicheng Co.Ltd(002819) securities abbreviation: Beijing Oriental Jicheng Co.Ltd(002819) Announcement No.: 2022018 Beijing Oriental Jicheng Co.Ltd(002819)
Announcement on providing guarantee for holding 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.
1、 Overview of guarantee
Beijing Oriental Jicheng Co.Ltd(002819) (hereinafter referred to as “the company”) holding subsidiary dongke (Shanghai) commercial factoring Co., Ltd. (hereinafter referred to as “dongke factoring”) plans to apply to Bank Of Communications Co.Ltd(601328) Shanghai Jiangxi middle road sub branch for comprehensive credit business within the next 12 months, with a line of no more than 20 million yuan; Apply to Hua Xia Bank Co.Limited(600015) Beijing Chang’an sub branch for comprehensive credit business, with the line not exceeding 30 million yuan; Provide commercial factoring business to Shanghai Sumitomo Commercial Co., Ltd. with an amount not exceeding RMB 40 million. The total amount of the above applied financing shall not exceed RMB 90 million, which is used for daily company operation and other purposes. The company intends to provide joint and several liability guarantee for the above financing acts. The company is the controlling shareholder of dongke factoring, accounting for 60% of the shares. Another shareholder of dongke factoring is Yongxin yingkai enterprise management center (limited partnership), with a shareholding ratio of 40%, which is not a related party of the company. In this guarantee, Yongxin yingkai enterprise management center (limited partnership) provides relevant counter guarantee.
Shanghai Yihe Trading Co., Ltd., a wholly-owned subsidiary of the company, plans to apply for comprehensive bank credit business from China Merchants Bank Co.Ltd(600036) Shanghai Shanghai Waigaoqiao Free Trade Zone Group Co.Ltd(600648) sub branch within the next 12 months, with a limit of no more than US $2 million, and apply for comprehensive bank credit business from Bank Of Communications Co.Ltd(601328) Shanghai branch and Shanghai Pudong branch, with a limit of no more than RMB 20 million, for daily company operation and other purposes. The company intends to provide joint and several liability guarantee for the above credit granting behavior.
At the 8th meeting of the 5th board of directors held on March 28, 2022, the company deliberated and adopted the proposal on providing guarantee for holding subsidiaries, which was deliberated and adopted by all directors. The guarantee matters need to be submitted to the general meeting of shareholders for deliberation.
2、 Basic information of the guaranteed
(I) dongke (Shanghai) commercial factoring Co., Ltd
1. Name of the guaranteed: dongke (Shanghai) commercial factoring Co., Ltd
2. Date of establishment: April 1, 2017
3. Address: room 18, floor 12, No. 89, Yunling East Road, Putuo District, Shanghai
4. Legal representative: Zheng Peng
5. Registered capital: 50 million yuan
6. Business scope: import and export factoring, Chinese and offshore factoring, and consulting services related to commercial factoring. [for projects subject to approval according to law, business activities can be carried out only after approval by relevant departments]
7. Financial data
Unit: RMB
Project as of December 31, 2021 (audited)
Total assets 47102898512
Total liabilities 39518449821
Net assets 7584448691
Project from January to December 2021 (audited)
Operating income 5152451626
Total profit 1361101027
Net profit 1012286467
8. Dongke factoring was not included in the list of dishonest Executees.
(II) Shanghai Yihe Trading Co., Ltd
1. Name of the guaranteed: Shanghai Yihe Trading Co., Ltd
2. Date of establishment: August 16, 2007
3. Place of registration: C20, third floor, No. 225, Fute North Road, China (Shanghai) pilot Free Trade Zone
4. Legal representative: Chen Yigang
5. Registered capital: 10 million yuan
6. Business scope: engaged in the import and export business of goods and technology, entrepot trade, trade and trade agency between enterprises in the region; Sales of chemical raw materials and products (except hazardous chemicals, MCCs, fireworks and firecrackers, civil explosives and precursor chemicals), paper products, electrical equipment and accessories, instruments and meters. [for projects subject to approval according to law, business activities can be carried out only after approval by relevant departments]
7. Financial data
Unit: RMB
Project as of December 31, 2021 (audited)
Total assets 4411548409
Total liabilities 1325691899
Net assets 3085856510
Project from January to December 2021 (audited)
Operating income 7741883034
Total profit -266948437
Net profit -207243948
8. Shanghai Yihe was not included in the list of dishonest Executees.
3、 Main contents of the guarantee agreement
In order to meet the capital requirements for the operation and development of subsidiaries, dongke factoring has provided a commercial factoring line of RMB 40 million to Shanghai Sumitomo Commercial Co., Ltd. in 2022, and Shanghai Yihe has applied for a comprehensive credit line of RMB 20 million to Bank Of Communications Co.Ltd(601328) Shanghai Pudong branch in 2022. The company provides joint and several liability guarantee for it, and the guarantee scope includes the maximum principal balance, relevant interest, expenses and other expenses. The term of validity of the guarantee is 12 months from the date of signing the contract.
No guarantee contract has been signed for other guarantee matters.
4、 Opinions of the board of directors
The application for comprehensive credit is to meet the needs of the daily business activities of the subsidiary and contribute to the normal development of the subsidiary. The company provides joint and several liability guarantee, which will not affect the capital safety of the listed company and the risk is controllable. The contents and decision-making procedures of the guarantee are legal and compliant, and there is no situation that damages the interests of the company and the majority of shareholders. After verification, Yongxin yingkai enterprise management center (limited partnership), 40% shareholder of dongke factoring, provided relevant counter guarantee for this guarantee.
5、 Accumulated external guarantees and overdue guarantees
All external guarantees provided by the company are those provided by the company for subsidiaries. As of the disclosure date of this announcement, the guarantee amount of the company and its holding subsidiaries is RMB 110 million and US $2 million, and the external guarantee balance of the company and its holding subsidiaries is RMB 50 million and US $2 million, accounting for 1.45% of the net assets of the company audited in the latest period; The company and its holding subsidiaries did not provide guarantees for units outside the consolidated statements. The company’s external guarantee does not involve overdue guarantee, litigation guarantee and the amount of loss that should be borne due to the judgment of losing the guarantee.
6、 Documents for future reference 1. Resolutions of the 8th meeting of the 5th board of directors; 2. Resolution of the 7th Meeting of the 5th board of supervisors. It is hereby announced.
Beijing Oriental Jicheng Co.Ltd(002819) board of directors March 29, 2002