Securities code: Datang International Power Generation Co.Ltd(601991) securities abbreviation: Datang International Power Generation Co.Ltd(601991) Announcement No.: 2022016 Datang International Power Generation Co.Ltd(601991)
Announcement on financing guarantee in 2022
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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 note: the name of the guaranteed: Datang Jixi Thermal Power Co., Ltd. (“Jixi thermal power company”), Datang Shuangyashan Thermal Power Co., Ltd. (“Shuangyashan thermal power company”). The amount of this guarantee and the guarantee balance actually provided for it: the total amount of this guarantee shall not exceed 290 million yuan (RMB, the same below); As of the date of this announcement, Datang International Power Generation Co.Ltd(601991) (“the company” or “the company”) has actually provided guarantee balance of about RMB 70 million for Jixi thermal power company and about RMB 80 million for Shuangyashan thermal power company. Whether there is counter guarantee this time: no cumulative amount of external guarantee: as of the date of this announcement, the company’s cumulative external guarantee balance is about 5.179 billion yuan. The guarantee matters need to be submitted to the general meeting of shareholders for deliberation and approval.
1、 Overview of guarantee
The 29th meeting of the 10th board of directors of the company deliberated and approved the proposal on the budget of entrusted loans, guarantees and unified borrowing and repayment of loans in 2022, and agreed that Datang Heilongjiang Power Generation Co., Ltd. (“Heilongjiang company”), a wholly-owned subsidiary of the company, would provide no more than 2.1 yuan guarantee to Jixi thermal power company and no more than 80 million yuan guarantee to Shuangyashan thermal power company for repayment of existing debts and new loan needs.
2、 Basic information of the guaranteed
(I) Jixi thermal power company
Jixi thermal power company was incorporated in December 1998 with a registered capital of 321 million yuan. It has two coal-fired heating units in service with a total installed capacity of 250 mW. Heilongjiang company holds 97.38% and Jixi thermal power company holds 2.62%.
As of December 31, 2021, the total assets of Jixi thermal power company were 545 million yuan, the total liabilities were 747 million yuan, and the asset liability ratio was 137.06%. In 2021, the company realized an operating revenue of 385 million yuan, a total profit of – 143 million yuan and a net profit of – 143 million yuan.
(III) Shuangyashan thermal power company
Shuangyashan thermal power company was incorporated in November 2003 with a registered capital of 410 million yuan. It has two coal-fired heating units in service with a total installed capacity of 400 MW. Heilongjiang company holds 96.37% and Shuangyashan state owned Assets Management Co., Ltd. holds 3.63%.
As of December 31, 2021, the total assets of Shuangyashan thermal power company are 1.047 billion yuan, the total liabilities are 956 million yuan, and the asset liability ratio is 91.31%. In 2021, the company realized an operating revenue of 642 million yuan, a total profit of – 102 million yuan and a net profit of – 102 million yuan.
3、 Main contents of guarantee agreement
1. Guarantee mode: joint and several liability guarantee.
2. Guarantee scope: the loan principal, interest, default interest, compensation, liquidated damages, damages and expenses for realizing creditor’s rights that the debtor shall repay or pay to the creditor under the main contract.
3. Guarantee period: two years after the expiration of the performance period of each debt under the main contract.
4、 Opinions of the board of directors
The board of Directors believes that the company provides no more than 210 million yuan guarantee to Jixi thermal power company and no more than 80 million yuan guarantee to Shuangyashan thermal power company, which are mainly used to repay the stock debt and the demand for new loans, so as to ensure the normal production and operation of the above companies and meet the needs of the overall operation and development of the company.
The guarantee provided by the above companies for Jixi thermal power company and Shuangyashan thermal power company needs to be submitted to the general meeting of shareholders for deliberation and approval.
5、 Accumulated external guarantees and overdue guarantees
As of the date of this announcement, the company’s accumulated external guarantee amount (including the guarantee provided by the company to its subsidiaries) was 5.179 billion yuan, accounting for 6.80% of the latest audited net assets. They are all guarantees for the company’s holding subsidiaries, joint ventures, associates and related parties, and there is no overdue guarantee.
It is hereby announced.
Datang International Power Generation Co.Ltd(601991) March 29, 2022
