Guangdong No.2 Hydropower Engineering Company Ltd(002060)
Announcement on providing guarantee for Hami Guangdong No.2 Hydropower Engineering Company Ltd(002060) Energy Co., Ltd. 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 risk tips:
The external guarantees of the company and its holding subsidiaries are guarantees for the holding (wholly-owned) subsidiaries (grandchildren) within the scope of the consolidated statements. The total amount of external guarantee of the company and its holding subsidiaries exceeds 100% of the latest audited net assets and the guarantee amount exceeds 50% of the latest audited net assets of the company. Please pay attention to the relevant risks. In order to promote the investment and construction of Xinjiang Hami 13jianfang phase I 50MW wind farm project and strive for the project to be put into operation as soon as possible, Guangdong No.2 Hydropower Engineering Company Ltd(002060) (hereinafter referred to as “the company”) intends to provide construction period guarantee for Hami Guangdong No.2 Hydropower Engineering Company Ltd(002060) Energy Co., Ltd. (hereinafter referred to as “Hami energy company”), a wholly-owned subsidiary of Xinjiang Guangdong No.2 Hydropower Engineering Company Ltd(002060) Energy Co., Ltd. (hereinafter referred to as “Hami energy company”), which is a wholly-owned subsidiary of Xinjiang Guangdong No.2 Hydropower Engineering Company Ltd(002060) ).
1、 Overview of guarantee
Hami energy company invests in the construction of Xinjiang Hami thirteen rooms phase I 50MW wind farm project in Hami City, Xinjiang. The total investment of the project is 297279 million yuan. In order to promote the investment and construction of the project, Hami energy company plans to apply to financial institutions for a loan of no more than 237823200 yuan. The company plans to provide construction guarantee for the financing of the project for a period of no more than 12 months (from the date of loan processing, the actual period shall be subject to the contract), and adopt the form of joint and several liability guarantee. At the same time, the pledge guarantee of electricity charge right is adopted during the operation period of the project.
On March 29, 2022, the 24th Meeting of the 7th board of directors held by the company deliberated and adopted the proposal on providing guarantee for Hami Guangdong No.2 Hydropower Engineering Company Ltd(002060) Energy Co., Ltd. with 9 affirmative votes, 0 negative votes and 0 abstention. It agreed that the company should provide the above guarantee for Hami Energy Co., Ltd. and the guarantee can be implemented only after being submitted to the general meeting of shareholders for deliberation and approval.
2、 Basic information of the guaranteed
1. Name: Hami Guangdong No.2 Hydropower Engineering Company Ltd(002060) Energy Co., Ltd.
2. Address: 6 / F, Chuanyu building, No. 51, Tianshan South Road, Yizhou District, Hami City, Xinjiang.
3. Type: limited liability company (sole proprietorship of legal person invested or controlled by non natural person).
4. Date of establishment: June 25, 2014.
5. Legal representative: Li Kaijun.
6. Registered capital: 80.81 million yuan.
7. Business scope: development, investment, construction, operation and management of wind energy, Cecep Solar Energy Co.Ltd(000591) , renewable energy; Operation, maintenance and overhaul of electric energy equipment; Material distribution (wind power generation and Cecep Solar Energy Co.Ltd(000591) power generation equipment and accessories); Development, transfer, consultation and service of renewable energy technology Cecep Solar Energy Co.Ltd(000591) photothermal power generation and electric heating. 8. Property right and control relationship of Hami energy company.
9. Hami energy company is not a dishonest person.
10. Another financial index of Hami energy company in the latest year.
Unit: 10000 yuan
Project December 31, 2020 December 31, 2021 (audited) (audited)
Total assets 143480216135
Total bank loans —
Total current liabilities 771.58 998.13
Total amount of contingencies (including guarantee, mortgage, litigation and arbitration matters)
Net assets 663.22116322
Operating income —
Total profit -105.29
Net profit -105.29
Latest credit rating —
3、 Main contents of the guarantee agreement
1. Guarantee amount: no more than 237823200 yuan.
2. Guarantee method: joint and several liability guarantee.
3. Guarantee period: no more than 12 months.
4. Signing of guarantee agreement: it will be signed after the guarantee is considered and approved by the general meeting of shareholders of the company.
4、 Opinions of the board of directors
1. In order to ensure the smooth development of Hami energy company’s business and promote the construction of Xinjiang Hami thirteen rooms phase I 50MW wind farm project, the board of directors agreed that the company
Hami energy company shall provide guarantee for construction period with loans from financial institutions of no more than 237823200 yuan.
2. The board of directors of the company believes that Hami energy company has excellent asset quality, good operation, ability to repay debts, broad prospects for clean energy power generation, and controllable risk of this guarantee.
3. Hami Energy Co., Ltd. is a wholly-owned subsidiary of Xinjiang Guangdong No.2 Hydropower Engineering Company Ltd(002060) and does not provide counter guarantee.
5、 Accumulated external guarantees and overdue guarantees
After this guarantee, the total guarantee amount of the company and its holding subsidiaries is 12542665600 yuan (including the guarantee amount under consideration). After this guarantee is provided, the total external guarantee balance of the company and its holding subsidiaries is 5867658900 yuan, accounting for 149.48% of the company’s latest audited net assets; The company and its holding subsidiaries have not provided guarantees for units outside the consolidated statements, guarantees corresponding to overdue debts, guarantees involving litigation and guarantees that should be borne due to the judgment of losing the lawsuit, etc.
6、 Documents for future reference
Resolution of the 24th Meeting of the 7th board of directors.
It is hereby announced.
Guangdong No.2 Hydropower Engineering Company Ltd(002060) board of directors March 30, 2022
