Securities abbreviation: Huatai Securities Co.Ltd(601688) securities code: Huatai Securities Co.Ltd(601688) No.: lin2022018
Huatai Securities Co.Ltd(601688) about indirect wholly-owned subsidiaries
Announcement that the notes are planned to be issued and guaranteed by a wholly-owned subsidiary
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: Huatai International Finance Co., Ltd. \uf020
The guarantee amount and the guarantee balance actually provided for it: the guarantee amount is US $30 million. If after the guarantee is implemented, Huatai International Financial Holding Co., Ltd. provides guarantee for the above-mentioned guarantors, the guarantee balance is US $948 million (including this guarantee). \uf020 whether there is counter guarantee in this guarantee: no \uf020
Cumulative amount of overdue external guarantee: none \uf020
1、 Overview of guarantee
Huatai Securities Co.Ltd(601688) (hereinafter referred to as "the company") Huatai International Finance Co., Ltd. (hereinafter referred to as "Huatai international finance"), a subsidiary of Huatai International Financial Holding Co., Ltd. (hereinafter referred to as "Huatai international finance"), established an overseas medium-term note plan (hereinafter referred to as "medium-term note plan") with a total principal of up to US $3 billion (or equivalent in other currencies) on October 27, 2020, The middle ticket plan is guaranteed by Huatai International (hereinafter referred to as "this guarantee"). On April 6, 2022, Huatai International Finance issued a medium-term note with an amount of US $30 million under the above medium-term note plan.
2、 Basic information of the guaranteed
(I) overview of the guaranteed and its financial status
1. Name: Huatai International Finance Co., Ltd
2. Place of registration: British Virgin Islands (BVI)
3. Company number (British Virgin Islands): 1838149
4. Latest credit rating status: n / A
5. Legal representative / person in charge of the company: Wang Lei
6. Operation: the guaranteed is a special purpose vehicle (SPV), which has not carried out any business activities or made any investment since its establishment. It was in normal existence before this guarantee and has no ongoing investment. The current director is Mr. Wang Lei.
(II) relationship between the guaranteed and the company
The guaranteed is a subsidiary of Huatai international, an overseas wholly-owned subsidiary of the company, and the company indirectly holds 100% of the equity of the guaranteed through Huatai international.
3、 Main contents of the guarantee agreement
According to the trust deed signed by Huatai international finance, Huatai international and Hongkong and Shanghai Banking Corporation Limited (as trustee) on October 27, 2020, Huatai international, as the guarantor, provides unconditional and irrevocable guarantee for the medium-term notes issued by Huatai international finance under this medium-term note plan. On April 6, 2022, Huatai International Finance issued a medium-term note with an amount of US $30 million under the medium-term note plan, which was guaranteed by Huatai international.
Prior to this offering, Huatai international, as the guarantor, has provided unconditional and irrevocable guarantee for the issuer's repayment obligation of the existing notes under this winning plan. After this issuance, the total guarantee amount is 948 million US dollars (including this guarantee).
4、 Internal decision-making procedures and opinions of the board of directors on guarantee matters
The 11th meeting of the 5th board of directors held on December 31, 2020 and the first extraordinary general meeting of 2021 held on February 8, 2021 considered and adopted the proposal on general authorization of domestic and foreign debt financing instruments of the company. According to the proposal, the chairman, CEO and CFO of the company jointly or separately decide to issue overseas foreign currency bonds, and have full authority to handle all matters related to the issuance, including but not limited to the issuing subject and method, the variety, scale and duration of debt financing instruments, and according to the characteristics and needs of financing instruments, The company or its wholly-owned subsidiaries can provide guarantee for overseas wholly-owned subsidiaries (including issuers with asset liability ratio exceeding 70%) to issue overseas debt financing instruments. The guarantee scope includes bond principal, corresponding interest and other expenses. The guarantee methods include guarantee guarantee, mortgage guarantee, pledge guarantee and other guarantee methods permitted by relevant laws and regulations.
Recently, Huatai international held a meeting of the board of directors, deliberated and approved the proposal to guarantee the issuance of notes under the medium-term note plan, and agreed to provide guarantee for the medium-term notes issued by the wholly-owned subsidiary Huatai international finance under the medium-term note plan.
5、 Accumulated external guarantees and overdue guarantees
Up to the date of this guarantee, according to the exchange rate between us dollar and RMB on March 31, 2022 (1 US dollar = 6.3482 yuan, the same below), the total guarantee amount of the company and its holding subsidiaries is RMB 33.091 billion, all of which are guarantees provided to subsidiaries, The above amount accounts for 22.30% of the company's audited net assets of RMB 148423 billion as of December 31, 2021 (calculated according to the total owner's equity attributable to the parent company in the consolidated financial statements, the same below).
Huatai international, an overseas wholly-owned subsidiary of the company, provides guarantee for the medium-term notes issued by its subsidiary Huatai international finance, with a guarantee amount of US $30 million, which is converted into RMB at the exchange rate of US $to RMB on March 31, 2022. After the occurrence of this guarantee, the total guarantee amount of the company and its holding subsidiaries was RMB 33.281 billion, accounting for 22.42% of the company's audited net assets as of December 31, 2021.
The company and its holding subsidiaries do not have overdue guaranteed debts.
It is hereby announced.
Huatai Securities Co.Ltd(601688) board of directors April 7, 2022
