Stock Code: Star Lake Bioscience Co.Inc.Zhaoqing Guangdong(600866) stock abbreviation: Star Lake Bioscience Co.Inc.Zhaoqing Guangdong(600866) No.: pro 2022021 Star Lake Bioscience Co.Inc.Zhaoqing Guangdong(600866)
Announcement on providing guarantee for wholly-owned subsidiaries
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: Zhaodong Xinghu Biotechnology Co., Ltd
● amount of this guarantee: no more than 200 million yuan (including this amount, the same below) ● balance of guarantee actually provided for the guaranteed: 3976098 million yuan
● as of the date of this announcement, the company has no overdue external guarantee
1、 Overview of guarantee
In order to meet the needs of production, operation and development, Zhaodong Xinghu Biotechnology Co., Ltd. (hereinafter referred to as "Zhaodong company"), a wholly-owned subsidiary of the company, plans to apply to relevant banks and financial institutions for a one-year working capital loan with a total amount of no more than 200 million yuan. The company plans to provide a joint and several liability guarantee of no more than 200 million yuan for Zhaodong company's Bank loan this time, The guarantee period shall not exceed 1 year (including 1 year), and the guarantee period shall be 2 years from the date of expiration of the repayment period of the main creditor's rights.
On March 25, 2022, the 15th meeting of the 10th board of directors of the company deliberated and adopted the proposal on providing the estimated amount of guarantee for the application of working capital loans for wholly-owned subsidiaries by 8 votes in favor, 0 votes against and 0 abstentions. This matter still needs to be deliberated by the general meeting of shareholders.
2、 Basic information of the guaranteed
Company name: Zhaodong Xinghu Biotechnology Co., Ltd
Registered address: No. 199, Baxian North Road, Zhaodong City, Suihua City, Heilongjiang Province
Legal representative: Huang Lijian
Registered capital: RMB 40 million
Business scope: production of feed and feed additives, food and food additives, chemical products (excluding inflammable, explosive and other dangerous goods and easily made drugs), compound fertilizer; Import and export of goods and technology; Grain storage and transportation (for projects that must be approved according to law, business activities can be carried out only after being approved by relevant departments).
Affiliated relationship with the company: a wholly-owned subsidiary of the company.
The main financial data of the guarantor in the latest year and the first period are as follows:
Unit: Yuan
Project December 31, 2021 December 31, 2020 (audited) (audited)
Total assets 9881004294178520526011
Net assets 2150728766515014169298
Total liabilities 7730275527663506356713
Including: total bank loans 3419637057318916922921
Total current liabilities 5427879229148338218424
Project from January to December 2021 to 2020
(audited) (audited)
Operating income 3875298709118397305237
Total profit 9681183673750931783
Net profit 9681183673750931783
3、 Main contents of the guarantee agreement
At present, the company and Zhaodong company are actively negotiating with relevant financial institutions on the above financing, and the specific terms such as loan amount and term shall be subject to the finally signed contract.
Authorized by the general meeting of shareholders, the legal representative of the company or its designated authorized agent shall determine the specific guarantee matters within the estimated total guarantee amount and sign relevant legal documents with financial institutions. 4、 Opinions of the board of directors
The board of directors of the company believes that Zhaodong company's application for loan from relevant financial institutions is to meet the capital needs of Zhaodong company's daily operation and business development. The company's guarantee for Zhaodong company's loan is to support the development needs of Zhaodong company, improve the financing efficiency of Zhaodong company and ensure its smooth operation. Zhaodong company is a wholly-owned subsidiary of the company. During the guarantee period, the company has the ability to control its operation and management risk. The financial risk of providing guarantee for Zhaodong company is within the controllable range of the company and will not have an adverse impact on the normal operation and business development of the company. The loan amount, term and other specific terms shall be subject to the finally signed contract. Zhaodong company will apply for the specific loan amount of working capital from relevant financial institutions according to the actual production and operation situation and capital plan arrangement. On the premise that the general meeting of shareholders of the company approves the guarantee, the board of directors authorizes the legal representative of the company or its designated authorized agent to determine the specific guarantee within the estimated total guarantee amount and sign relevant legal documents with financial institutions. The board of directors and the general meeting of shareholders of the company will not consider it separately. The authorization period of the guarantee is from the date of deliberation and approval by the 2021 annual general meeting of shareholders to the date of convening the 2022 annual general meeting of shareholders.
Opinions of independent directors: the company's proposed guarantee is to ensure the business development of the wholly-owned subsidiary, meet its capital needs in the process of operation, do not damage the interests of the company and shareholders, and will not have an adverse impact on the normal operation and business development of the company. The guarantee object is a wholly-owned subsidiary of the company, and the company has control over it. The financial risk of providing guarantee is within the controllable range of the company. The guarantee involved complies with the provisions of relevant laws and regulations, the voting procedure is legal, and there is no damage to the company and its shareholders, especially small and medium-sized investors. Agree to the proposal and submit it to the general meeting of shareholders of the company for deliberation.
5、 Accumulated external guarantees and overdue guarantees
As of the date of this announcement, the cumulative balance of guarantees provided by the company to its holding subsidiaries is 3976098 million yuan, accounting for 22.39% of the company's latest audited net assets, which are the guarantee balance provided for Zhaodong company. The company has no external overdue guarantee.
It is hereby announced.
Board of directors
March 29, 2022
