Stock Code: Huayi Electric Company Limited(600290) stock abbreviation: St Huayi No.: lin2022012
Huayi Electric Company Limited(600290)
The wholly-owned subsidiary is expected to be the company in 2022
Announcement of providing guarantee
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: the company
● quantity of this guarantee: the guarantee plan with a total of no more than 1.4 billion yuan
● whether there is counter guarantee this time: none;
● cumulative overdue amount of external guarantee: as of the disclosure date of this announcement, the debt of the company as the guarantor has been overdue, of which: the cumulative loss of the company and its subsidiaries due to joint guarantee is 858347600 yuan; The amount of overdue debts is 752661400 yuan. For the above overdue guarantee, the company has accrued the estimated liabilities and recognized the corresponding credit impairment loss after deducting the corresponding collateral and pledge from the guaranteed principal, interest and default interest.
1、 Overview of guarantee
According to the 2022 business plan and corresponding financing arrangements, in order to improve the efficiency of the company’s decision-making, the wholly-owned subsidiaries of the company, Zhejiang Huayi Electric Appliance Technology Co., Ltd., Huayi wind energy Co., Ltd., Huashi Energy Technology Group Co., Ltd Shanghai Huayi wind energy electric Co., Ltd. and its holding subsidiary Huayi International Power Co., Ltd. plan to provide a guarantee with a total amount of no more than RMB 1.4 billion for the financing amount applied by the company to banks and other financing institutions (the guarantee forms include but are not limited to guarantee, mortgage, pledge, etc.). The signing date of the above guarantee agreement is within 12 months from the date when the guarantee is considered and approved by the general meeting of shareholders of the company.
The amount of guarantee plan provided by each subsidiary to the company is as follows:
Name of guarantor: 2022 guarantee plan
Amount (100 million yuan)
Huayi wind energy Co., Ltd. shall not exceed 200 million yuan
Zhejiang Huayi Electric Appliance Technology Co., Ltd. shall not exceed 100 million yuan
Huashi Energy Technology Group Co., Ltd. shall not exceed 850 million yuan
Shanghai Huayi wind energy electric Co., Ltd. shall not exceed 250 million yuan
Total no more than 1.4 billion yuan
The above guarantee matters have been deliberated and approved by the eighth interim meeting of the board of directors of the company, and need to be submitted to the general meeting of shareholders of the company for deliberation and approval, and to the general meeting of shareholders to authorize the legal representative or authorized representative of the above wholly-owned subsidiary to sign relevant agreements within the scope of the above guarantee plan.
2、 Basic information of the guaranteed
The company (omitted)
3、 Main contents of the guarantee agreement
The company will determine the specific guarantee amount within the above planned guarantee amount according to the operation. Each guarantee business shall sign relevant agreements when it occurs. If it meets the disclosure standards specified in the stock listing rules of Shanghai Stock Exchange, the company will make a timely announcement.
4、 Opinions of the board of directors
The board of directors of the company believes that the guarantee provided by the wholly-owned subsidiary of the company is expected to meet the daily operation needs of the company, be conducive to the development of the company and be in line with the overall interests of the company.
Opinions of independent directors: the guarantee provided by the wholly-owned subsidiary to the company is expected to be based on the actual needs of the company’s daily operation, in line with the overall interests of the company and the provisions of relevant laws and regulations, and there is no situation that damages the interests of the company or minority shareholders. We agree to the guarantee plan of the wholly-owned subsidiary and agree to submit the proposal to the general meeting of shareholders of the company for deliberation.
5、 Accumulated external guarantees and overdue guarantees
As of the disclosure date of this announcement, excluding this guarantee plan, the external guarantee amount of the company and its subsidiaries was 752661400 yuan, accounting for 64.00% of the audited net assets of the company as of December 31, 2020; The cumulative guarantee amount of the company and its subsidiaries as subsidiaries is 943071 million yuan, accounting for 8.02% of the audited net assets of the company on December 31, 2020.
As of the disclosure date of this announcement, the debts of the company as the guarantor have been overdue, of which: the accumulated losses of the company and its subsidiaries due to joint and several guarantees are 858347600 yuan; The amount of overdue debts is 752661400 yuan. For the above overdue guarantee, the company has accrued the estimated liabilities and recognized the corresponding credit impairment loss after deducting the corresponding collateral and pledge from the guaranteed principal, interest and default interest.. 6、 Documents for future reference 1. Resolutions of the eighth interim meeting of the board of directors 2. Independent opinions of independent directors are hereby announced.
Huayi Electric Company Limited(600290) board of directors April 11, 2022
