Securities code: China Nuclear Engineering & Construction Corporation Limited(601611) securities abbreviation: China Nuclear Engineering & Construction Corporation Limited(601611) Announcement No.: 2022008
Securities code: 113024 bond abbreviation: nuclear construction convertible bond
China Nuclear Engineering & Construction Corporation Limited(601611)
Announcement on 2022 annual guarantee plan
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:
The guarantee plan shall also be submitted to the general meeting of shareholders for deliberation.
In 2022, the company plans to provide joint and several liability guarantees to its subsidiaries, with a total amount of 6.181 billion yuan; The subsidiary plans to guarantee 770 million yuan to its subsidiaries.
The guaranteed units involved in this guarantee plan are subsidiaries and subsidiaries of the company.
Cumulative amount of overdue external guarantee: the company has no overdue external guarantee.
1、 Overview of guarantee plan
(I) principle of guarantee plan
During the preparation of this guarantee plan, all subsidiaries are required to formulate and report according to the actual needs of the project. The preparation of this guarantee plan is mainly based on the following principles:
1. Total amount control principle
In 2022, the company will continue to reduce the total guarantee amount of the parent company on the basis of the previous year, and strictly control the guarantee scale of subsidiaries to control the guarantee risk.
2. The principle of strict examination and approval
The 2022 annual guarantee plan shall be submitted according to the actual needs of continued projects and new projects, strictly approved, strictly controlled and prevented from guarantee risks. During the actual use of the guarantee, the subsidiaries are required to file one by one and regularly verify the actual occupation of the guarantee.
3. Limitation principle
The guarantee plan in 2022 is the amount of guarantee contract newly signed by the subsidiary in the current period. If the subsidiary fails to sign the guarantee contract when the guarantee plan of the next year is approved by the general meeting of shareholders, it will naturally become invalid.
(II) specific guarantee plan
1. China Nuclear Engineering & Construction Corporation Limited(601611) guarantee plan for subsidiaries
According to the application of subsidiaries and in combination with the company’s financing plan in 2022, the China Nuclear Engineering & Construction Corporation Limited(601611) plan in 2022 provides a joint and several liability guarantee plan for subsidiaries of RMB 6.181 billion.
China Nuclear Engineering & Construction Corporation Limited(601611) detailed list of guarantee plan for subsidiaries
Unit: 100 million yuan
Project name and contract amount of the guaranteed
Changzhou Dongqing Real Estate Development Co., Ltd. bank credit guarantee 5.00
Liquidity support of nuclear infrastructure construction fund (tentative name) 2.00
Bank credit guarantee of China Zhenjiang Guantang infrastructure construction company (tentative name) 8.00 nuclear construction bank credit guarantee of Beijing zhongnuclear Huahui Technology Development Co., Ltd. 0.06 (bank credit guarantee of Hejian International Engineering Co., Ltd. 10.00 bank credit guarantee of parent company China Nuclear Industry Zhongyuan Construction Co., Ltd. 6.00) Bank credit guarantee of China Nuclear Huatai Construction Co., Ltd. 5.00 bank credit guarantee of China Nuclear Machinery Engineering Co., Ltd. 2.05
Yichang Yiling women’s and children’s Hospital Co., Ltd. liquidity support 4.00
Putian Hanjiang Xingpu City Investment Development Co., Ltd. liquidity support (ABS) 19.70
Total 61.81
2. Guarantee plan of subsidiaries to subsidiaries
In 2022, due to the needs of business development, the subsidiary plans to arrange a guarantee plan of 770 million yuan.
List of inter subsidiary guarantee plans
Unit: 100 million yuan
Name of guarantor and guaranteed project contract amount
China Nuclear Hengtong construction (Lianshui) Lianshui e-commerce Industrial Park Phase II and
Credit enhancement of 0.80 China nuclear industry wuzhenfeng resettlement house construction PPP project of its comprehensive supporting engineering sub project of Co., Ltd
23. Construction and development of CNNC city and core exhibition park of Zunyi Conference — Long March Cultural Park project of laoyashan 2 Co., Ltd
CNNC urban construction and Development Co., Ltd. has integrated general contracting of project design and construction of municipal road construction project 1 in Banqiao Town, Longyang District
Subtotal 3.80
China nuclear power city jianhuaying Zhongteng hospital manages the PPP project of Huaying health and medical service center (phase I of 1.39 establishment and Development Co., Ltd.)
1.73 Luliang Zhongliang water development company
Bridge river regulation project of Investment Co., Ltd. (black and smelly water regulation project)
(II) PPP project
Subtotal 3.12
China Nuclear Industry Fujian Huaxin Leasing Co., Ltd
Huaxing Construction Company Zhongxing nuclear power project 0.70 Co., Ltd
CNNC port and Waterway Engineering Co., Ltd. CNNC port and Waterway Engineering Co., Ltd. bank credit guarantee 0.08 Cheng Co., Ltd
Total 7.70
3. Selection of financial institutions under joint and several liability guarantee
If the guarantee plan involves handling financing and credit in financial institutions, the subsidiaries can choose financial institutions within their respective guarantee limits according to the progress.
For the signed guarantee contracts, the filing system shall be strictly implemented one by one during actual use. The company requires subsidiaries to regularly report the actual use of guarantee, and dynamically pay attention to the progress of guarantee projects, fund use and payment collection, so as to avoid triggering the company’s guarantee liability.
Among them, the balance of external guarantee is 358844 million yuan, accounting for 1.20% of the company’s net assets as of December 31, 2021, and the total guarantee of the company to its subsidiaries is 123398479 million yuan, accounting for 41.24% of the company’s net assets as of December 31, 2021. Various engineering construction activities in Tianning District, Changzhou City (for projects subject to approval according to law, the business activities of he Jianwei 0.36, 5 beitanghe East Road, a joint-stock subsidiary of Changzhou Dongqing Real Estate Development Co., Ltd. can be carried out only with the approval of relevant departments, and the specific business projects shall be subject to the approval results)
General project: Tianning zhizaoyuan No. engages in investment activities with its own funds;
estate management;
Import and export of goods;
Non residential real estate leasing (except for the projects that must be approved according to law, carry out business activities independently according to law with the business license)
Import and export agent.
(items subject to approval according to law)
