Securities code: Lingyi Itech (Guangdong) Company(002600) securities abbreviation: Lingyi Itech (Guangdong) Company(002600) Announcement No.: 2022033 Lingyi Itech (Guangdong) Company(002600)
Progress announcement on providing guarantee for subsidiaries
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.
1、 Overview of guarantee
Lingyi Itech (Guangdong) Company(002600) (hereinafter referred to as "the company") held the 42nd meeting of the Fourth Board of directors and the 2020 annual general meeting of shareholders on March 30, 2021 and April 20, 2021 respectively, and deliberated and adopted the proposal on providing guarantee amount for subsidiaries in 2021. In order to ensure the normal production and operation activities of the company's holding subsidiaries, the company (including the holding subsidiaries) agrees to provide guarantees for the financing or other performance obligations of the holding subsidiaries, with a total guarantee amount of no more than RMB 31324 million. The guarantee amount is valid from the date of deliberation and approval of the 2020 annual general meeting to the date of holding the 2021 annual general meeting. Within the above guarantee amount, The company can adjust the guarantee amount between qualified guarantee objects as needed. For details, please refer to the company's website (www.cn. Info. Com. CN.) on March 31, 2021 Announcement on providing guarantee amount for subsidiaries in 2021 (Announcement No.: 2021035) disclosed on the.
The company held the 10th meeting of the 5th board of directors and the 4th extraordinary general meeting of shareholders in 2021 on August 26, 2021 and September 13, 2021 respectively, and deliberated and adopted the proposal on increasing the guarantee amount for subsidiaries in 2021. In order to ensure the normal production and operation activities of the company's holding subsidiaries, the company (including holding subsidiaries) plans to increase the guarantee amount of RMB 1825 million for the financing or other performance obligations of some holding subsidiaries. The validity period of the guarantee limit is from the date of deliberation and approval by the general meeting of shareholders to the date of holding the annual general meeting of shareholders in 2021. Within the above guarantee limit, the company can adjust the guarantee limit among qualified guarantee objects as needed. For details, please refer to the company's website (www.cn. Info. Com. CN.) on August 27, 2021 Announcement on increasing the guarantee amount for subsidiaries in 2021 (Announcement No.: 2021105) disclosed on the.
The company held the 13th meeting of the 5th board of directors and the 5th extraordinary general meeting of shareholders in 2021 on November 10, 2021 and November 26, 2021 respectively, and deliberated and adopted the proposal on increasing the guarantee amount for subsidiaries in 2021. In order to meet the financing needs for the operation and development of newly established and some holding subsidiaries, the company (including holding subsidiaries) plans to increase the guarantee amount for some holding subsidiaries by RMB 720 million. The validity period of the guarantee limit is from the date of deliberation and approval by the general meeting of shareholders to the date of holding the annual general meeting of shareholders in 2021. Within the above guarantee limit, the company can adjust the guarantee limit among qualified guarantee objects as needed. For details, please refer to the company's website (www.cn. Info. Com. CN.) on November 11, 2021 Announcement on increasing the guarantee amount for subsidiaries in 2021 (Announcement No.: 2021127) disclosed on the.
2、 Guarantee progress
Due to the expiration of the credit period, TLG investment (HK) Limited, lyinvestment (HK) Limited and triumph lead (Singapore) PTE. Ltd., the holding subsidiaries of the company, continue to apply for a comprehensive credit line of no more than US $50 million from the Hong Kong Branch of the Oriental Credit Union Bank (hereinafter referred to as the "Oriental Credit Union Bank"), and the credit period will continue for one year within the original period. The company continues to provide joint and several liability guarantee on the premise that the total amount of the original guarantee is 50 million US dollars, and has signed the supplementary agreement to the company guarantee contract with Oriental Credit Union Bank. The guarantee period is calculated from the date of signing the contract to two years after the expiration of the maturity date of all guaranteed debts. The signing of this supplementary agreement does not lead to any change in the original guarantee amount. This guarantee is within the scope of the guarantee amount deliberated and approved by the board of directors and the general meeting of shareholders of the company, and does not need to be submitted to the board of directors or the general meeting of shareholders of the company for deliberation again.
The guaranteed TLG investment (HK) Limited, ly investment (HK) Limited and triumph lead (Singapore) PTE. Ltd. are not listed as dishonest Executees, and their business, financial and credit conditions are good.
After this guarantee, the usage of the guaranteed amount of the guaranteed company is as follows:
Unit: 10000 yuan
The general meeting of shareholders of the guaranteed shall consider and approve the used guarantee amount and the used guarantee amount
TLG INVESTMENT (HK) LIMITED 365000.00 210536.70 31,899.50
LY INVESTMENT (HK) LIMITED 102000.00 51,039.70
The general meeting of shareholders of the guaranteed shall consider and approve the used guarantee amount and the used guarantee amount
Triumph Lead (Singapore) Pte. Ltd. 34,000.00 31,899.50
Note 1: if the above guarantee amount involves foreign currency, it shall be converted according to the RMB exchange rate in the inter-bank foreign exchange market on April 6, 2022;
Note 2: TLG investment (HK) Limited, lyinvestment (HK) Limited and trimphlead (Singapore) PTE. Ltd. use a total guarantee amount of US $50 million this time, which is calculated according to their maximum guarantee amount of US $50 million.
3、 Main contents of guarantee contract
(I) supplementary agreement to the company guarantee contract signed between the company and the Hong Kong Branch of Credit Agricole bank, guarantor: Lingyi Itech (Guangdong) Company(002600)
Creditor: HSBC Hong Kong Branch
The creditor, as the financing party, signs the financing documents with the debtor and provides financing to the debtor in accordance with the financing documents. As one of the preconditions for the creditor to provide financing, the guarantor and the creditor sign the company guarantee contract ("guarantee contract") and provide the creditor with joint and several liability guarantee. Both parties agree to modify the guarantee contract according to the terms and conditions of this supplementary agreement.
The parties agree as follows:
1. Principal creditor's right
Loans and contingent liabilities with a cumulative principal of not more than usd50000000 (US $50 million) under the financing documents.
The above US dollar loan principal consists of the principal of US dollar loans and contingent liabilities and / or the principal of loans in multiple currencies (if any, and the sum of the amount equivalent to the corresponding US dollar and the principal of US dollar loans and contingent liabilities does not exceed US $50 million), which shall be subject to the actual withdrawal.
If the creditor has actually paid the loan for the contingent liability, the main creditor's right under these contingent liabilities shall be equal to the actual loan.
2. Guaranteed debt
Current and future debts (including but not limited to all principal, interest, penalty interest, damages, compound interest and other payables) that should be paid by the debtor to the creditor from time to time under the financing, whether actually incurred or contingent; And any fees, costs, expenses, compensation, compensation, execution fees, insurance premiums, bank charges, losses and other expenses related to this contract and the financing documents (including but not limited to evaluation fees, notarization fees, taxes, litigation fees, commissions, attorney fees and travel expenses)
3. Other
In addition to the modifications made in this supplementary agreement, it is guaranteed that other terms and conditions in the contract will not be modified, amended or changed, and will remain in full force and effect. The guarantee contract and this supplementary agreement shall be read and interpreted as a whole.
4、 The company's accumulated external guarantee quantity and overdue guarantee
As of the disclosure date of this announcement, the company's actual guarantee balance totaled 96495377 million yuan, accounting for 66.75% of the company's latest audited net assets attributable to the owners of the parent company (December 31, 2020). Among them, the actual guarantee balance of the company to subsidiaries within the scope of consolidated statements is 91583277 million yuan, the actual guarantee balance of subsidiaries to subsidiaries within the scope of consolidated statements is 9.43 million yuan, the actual guarantee balance of subsidiaries to parent companies within the scope of consolidated statements is 481.78 million yuan, and there is no guarantee balance for participating subsidiaries.
As of the disclosure date of this announcement, the company and its holding subsidiaries have no overdue external guarantee, no external guarantee involving litigation and no loss due to the judgment of losing the guarantee.
5、 Documents for future reference
Supplementary agreement to the company guarantee contract.
It is hereby announced.
Lingyi Itech (Guangdong) Company(002600) board of directors
April 6, 2002
