Securities code: Hangzhou Dadi Haiyang Environmental Protection Co.Ltd(301068) securities abbreviation: Hangzhou Dadi Haiyang Environmental Protection Co.Ltd(301068) Announcement No.: 2022022 Hangzhou Dadi Haiyang Environmental Protection Co.Ltd(301068)
About the company and its wholly-owned subsidiaries applying for comprehensive credit line from the bank
And the announcement of the expected guarantee amount
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.
Hangzhou Dadi Haiyang Environmental Protection Co.Ltd(301068) (hereinafter referred to as "the company") held the 8th meeting of the second board of directors on March 31, 2022, deliberated and adopted the proposal on the application of comprehensive credit line by the company and its wholly-owned subsidiaries to banks and the company providing guarantee for the application of comprehensive credit line by wholly-owned subsidiaries. The relevant information is hereby announced as follows:
1、 Overview of the proposed application for comprehensive credit extension from the bank and the expected guarantee line
According to the needs of the company's operation and development, in order to reduce financing costs and improve capital use efficiency, the company and its wholly-owned subsidiary Zhejiang Shengtang Environmental Protection Technology Co., Ltd. (hereinafter referred to as "Shengtang environmental protection") plan to apply to the bank for a comprehensive credit with a total amount of no more than 600 million yuan. The validity period of the credit line shall not exceed 12 months from the date of deliberation and approval by the board of directors. The above comprehensive credit forms and uses include but are not limited to loans, China trade financing business, bank acceptance bills, commercial bill guarantee, China factoring, China letter of credit, financing finance, medium note, short-term finance, ultra short-term finance, letter of guarantee, etc. the specific credit amount and credit term shall be subject to the actual approval of the bank, and the credit line can be used circularly and continuously within the authorization period.
Tang Weizhong and Zhang Jielai, the actual controllers of the company, promised to provide joint and several liability guarantee with a total credit line of no more than 600 million yuan for the company's comprehensive credit within the scope of the above credit line. The total amount of guarantee provided by the company for its subsidiaries this time shall not exceed 300 million yuan of joint and several liability guarantee.
At the same time, in order to improve work efficiency and handle financing business in time, according to the needs of the actual situation of the company, the board of directors of the company authorizes the management of the company or the person in charge of the corresponding subsidiary to handle the application for comprehensive credit line within the scope of the line according to the needs of the actual operation of the company. The validity period is consistent with that of the above authorization.
The comprehensive credit application and guarantee line are expected to be proposed matters. Up to now, the relevant agreements on comprehensive credit and guarantee have not been signed. The above credit plan and total guarantee amount are only the credit line to be applied and the guarantee amount to be provided by the company. The specific credit line and guarantee content will be jointly negotiated and determined by the company and its subsidiaries, the actual controller of the company and financial institutions, and finally subject to the actually signed contract.
2、 Estimated guarantee amount
The company expects to provide guarantee for Shengtang environmental protection, a wholly-owned subsidiary, in 2022 as follows:
Unit: RMB 10000
As of this year, whether the guaranteed amount of the guaranteed party guarantees the shareholding proportion of the guaranteed party in the latest period, and the current proportion of the guaranteed amount of the company's most related party's assets and liabilities in the latest period, the balance of the net guarantee rate and the proportion of assets in the latest period
Shengtang environmental protection 100% 79.8% 2349 Shenzhen Guohua Network Security Technology Co.Ltd(000004) 0.50% no
3、 Basic information of the guaranteed party
Company name: Zhejiang Shengtang Environmental Protection Technology Co., Ltd
Unified social credit Code: 91330110697095547t
Date of establishment: December 29, 2009
Registered capital: 5 million yuan
Legal representative: Tang Weizhong
Registered address: No. 111, Lingang Road, Renhe street, Yuhang District, Hangzhou, Zhejiang
Business scope: physical disassembly of waste electrical and electronic products (see the qualification certificate for waste electrical and electronic products for specific business scope); Recycling of waste electrical and electronic products. Import and export of goods; Technology import and export; Acting as import and export agent (except for projects prohibited by laws and administrative regulations, projects restricted by laws and administrative regulations can be operated only after obtaining permission). Services: undertake environmental treatment engineering, environmental protection engineering design, environmental protection equipment installation, environmental impact assessment consultation of construction projects, environmental protection technology consultation, research, development and comprehensive utilization of solid waste treatment technology; Wholesale and retail: environmental protection equipment, instruments and equipment, instruments and meters, electronic products (except electronic publications). (for projects subject to approval according to law, business activities can be carried out only after approval by relevant departments)
Relationship with the company: the guaranteed party is a wholly-owned subsidiary within the scope of the company's consolidated statements.
Ownership structure: the company holds 100%.
Main financial data of the latest period:
Unit: RMB
Project December 31, 2021
Total assets 65472067286
Total liabilities 52248009333
Net assets 13224057953
Asset liability ratio 79.8%
Project from January to December 2021
Operating income 40309374237
Total profit 1598071732
Net profit 2043470105
According to the query results of China executive information disclosure network, Zhejiang Shengtang Environmental Protection Technology Co., Ltd. does not have the situation of being executed in breach of trust and is not a person who is executed in breach of trust.
4、 Main contents of the proposed comprehensive credit and guarantee agreement
As of the date of disclosure of this announcement, the company and Shengtang environmental protection have not signed relevant agreements with financial institutions, and the relevant agreements on guarantee have not been signed. The specific period, method and amount of guarantee shall be subject to the officially signed guarantee documents.
5、 Opinions of the board of directors
The board of Directors believes that the company and its wholly-owned subsidiaries' application for comprehensive credit line from the bank and the company's provision of guarantee for the wholly-owned subsidiaries' application for comprehensive credit line are to meet the capital needs of the company and its subsidiaries' business development and further improve the decision-making efficiency. It is a decision made by the company after careful research, which meets the needs of the company's overall development and can ensure the orderly operation of the company, In line with the overall interests of the company.
The company intends to provide guarantee for all subsidiaries with good operating conditions and stable financial conditions within the scope of the company's merger, and the guarantee risk is within the company's control. The above guarantee behavior will not damage the interests of the company and will not have an adverse impact on the company.
5、 Documents for future reference
1. Resolutions of the 8th meeting of the second board of directors.
It is hereby announced.
Hangzhou Dadi Haiyang Environmental Protection Co.Ltd(301068) board of directors April 6, 2022
