Securities code: Shanghai Golden Union Commercial Management Co.Ltd(603682) securities abbreviation: Shanghai Golden Union Commercial Management Co.Ltd(603682) Announcement No.: 2022011 Shanghai Golden Union Commercial Management Co.Ltd(603682)
On the shareholder suggestion letter of CSI small and Medium Investors Service Center
Reply announcement
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.
Shanghai Golden Union Commercial Management Co.Ltd(603682) on April 2, 2022, the company received the shareholder suggestion letter (Tsz xqh [2022] No. 16) (hereinafter referred to as the “proposal letter”) from the China Securities small and Medium Investors Service Center (hereinafter referred to as the “investment service center”), and exercised the shareholder suggestion right on the matter that the company plans to provide financial assistance of 23 million yuan to Beijing yipengcheng renewal Technology Development Co., Ltd. (hereinafter referred to as “Beijing Yipeng”) according to the equity ratio. After receiving the letter of verification and suggestions, the company attaches great importance to the specific issues and suggestions listed in the letter of verification, and makes a reply to the specific issues and suggestions as follows:, The words or abbreviations mentioned in the reply to this proposal letter have the same meaning as those defined in Shanghai Golden Union Commercial Management Co.Ltd(603682) announcement on providing financial assistance to foreign countries (Announcement No. 2022008).
Question:
According to the company’s announcement, Beijing Yipeng pledged its 15% equity of xinhuiyuan I to the company as a guarantee measure for performance. If Beijing Yipeng fails to repay the principal and interest of the loan when due, the company has the right to exercise the pledge. However, as of December 31, 2021, the book value of Beijing Yipeng’s net assets was -11500 yuan. In 2021, the operating income was 0 yuan and the net profit was -998209 yuan. Beijing Yipeng is currently operating at a loss, and there may be a risk of failing to pay the principal and interest of the loan on time. In view of the fact that the loan is earmarked for the property under construction held by xinhuiyuan 1, in order to ensure the safety of the repayment funds, it is suggested that the company consider requiring Beijing Yipeng to directly deliver the investment income of xinhuiyuan 1 to the company for the payment of the principal and interest of the financial assistance.
reply:
According to point 3 of Article 3 “loan interest rate and interest period” in the loan agreement signed by the company and Beijing Yipeng: “the interest shall be paid in a lump sum when the principal is repaid on the expiration date of the loan. However, if the project company pays dividends before the principal expires, the dividends obtained by Party B shall first return the accrued interest from the interest calculation date to the dividend date, and the part of the dividends exceeding the accrued interest shall first return the principal.” The contents of the above agreement are consistent with the suggestions of CSI small and medium-sized Investor Service Center, which can protect the interests of the company.
To sum up, the company’s financial assistance to Beijing Yipeng is within the controllable range, which is carried out without affecting the company’s normal operation, has no adverse impact on the company’s operation and asset status, and does not damage the interests of listed companies and shareholders.
It is hereby announced.
Shanghai Golden Union Commercial Management Co.Ltd(603682) board of directors April 6, 2022
