Securities code: Sinomach Precision Industry Co.Ltd(002046) securities abbreviation: Sinomach Precision Industry Co.Ltd(002046) Announcement No.: 2022016
Sinomach Precision Industry Co.Ltd(002046)
Announcement on continuing asset pool business
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.
On May 27, 2021, the 2020 annual general meeting of shareholders of Sinomach Precision Industry Co.Ltd(002046) (hereinafter referred to as " Sinomach Precision Industry Co.Ltd(002046) ") approved the company and China Zheshang Bank Co.Ltd(601916) Zhengzhou Branch (hereinafter referred to as " China Zheshang Bank Co.Ltd(601916) Zhengzhou branch") to carry out asset pool business for one year, which is about to expire. On April 11, 2022, the 10th meeting of Sinomach Precision Industry Co.Ltd(002046) the 7th board of directors deliberated and approved the proposal on continuing to carry out asset pool business with China Zheshang Bank Co.Ltd(601916) Zhengzhou branch, and agreed that the company and China Zheshang Bank Co.Ltd(601916) Zhengzhou branch continue to carry out asset pool business with a total spot balance of no more than 300 million yuan.
The proposal will be submitted to the general meeting of shareholders of the company for deliberation. The details are as follows:
1、 Asset pool business
1. Business Overview
Asset pool business refers to a comprehensive financial service platform that integrates asset management and financing services provided by agreement banks to meet the needs of enterprises or enterprise groups for unified management and overall use of their financial assets. It is the main carrier for agreement banks to provide liquidity services to enterprises. The agreement bank relies on the asset pool platform to carry out businesses and services such as financial assets entering and leaving the pool and pledge financing for enterprises or enterprise groups. The assets in the asset pool include but are not limited to the certificates of deposit, bank acceptance bills, commercial acceptance bills, letters of credit, export receivables, export tax rebates and other financial assets legally held by the enterprise and recognized by the agreement bank.
2. Cooperative banks
The Cooperative Bank of the company for asset pool business is China Zheshang Bank Co.Ltd(601916) Zhengzhou branch.
3. Business entity
The business entities of asset pool business are Sinomach Precision Industry Co.Ltd(002046) and holding subsidiaries, of which Sinomach Precision Industry Co.Ltd(002046) is the sponsor and Sinomach Precision Industry Co.Ltd(002046) holding subsidiaries are the member companies.
4. Business term
The development period of asset pool business is from the deliberation and approval of the 2021 annual general meeting of shareholders to May 31, 2023, subject to the period agreed in the relevant contract finally signed between the company and the cooperative bank.
5. Implementation quota
The company and its holding subsidiaries share an asset pool limit of no more than 300 million yuan, that is, the total spot balance of pledged bills used to carry out asset pool business with cooperative banks does not exceed 300 million yuan. This limit can be used on a rolling basis during the business term.
2、 Guarantees involved in this asset pool business
1. Guarantee method
Under the premise of controllable risk, the company and its holding subsidiaries can adopt various guarantee methods for the establishment and use of asset pool, such as maximum amount pledge, general pledge, certificate of deposit pledge, bill pledge, guarantee deposit pledge and so on.
2. Basic information of the guarantee and the guaranteed
The guarantee and guaranteed objects are Sinomach Precision Industry Co.Ltd(002046) and holding subsidiaries. The above companies are mutual guarantee and counter guarantee objects, which are included in the business scope of this asset pool.
3. Accumulated external guarantee quantity and overdue guarantee quantity
As of the announcement date, the total amount of external guarantees approved by the company amounted to RMB 1.2 billion (excluding this guarantee, which can only take effect after being deliberated and approved by the general meeting of shareholders), accounting for 41.59% of the audited net assets attributable to the shareholders of the listed company of RMB 2.885 billion on December 31, 2021. There were no overdue guarantees, litigation guarantees and losses due to the judgment of losing the guarantee.
3、 Purpose of asset pool business
Through asset pool business, the company can improve the liquidity and efficiency of current assets, reduce the management cost of current assets, reduce the occupation of funds, optimize the financial structure and improve the utilization rate of funds.
4、 Opinions of independent directors
The independent directors expressed the following opinions on the company's continued asset pool business:
1. The asset pool business carried out by the company has reduced the company's capital occupation, optimized the financial structure, improved the capital utilization rate and achieved the expected results.
2. We agree that the company will continue to carry out the asset pool business with a total amount of no more than 300 million yuan, and the business period will be from the deliberation and approval of the 2021 annual general meeting to May 31, 2023. During the business term, the above quota can be recycled and corresponding guarantee shall be provided to the bank.
3. We agree to submit the matter to the general meeting of shareholders for deliberation
5、 Documents for future reference
1. Resolution of the 10th meeting of the 7th board of directors.
2. Opinions of independent directors.
It is hereby announced.
Sinomach Precision Industry Co.Ltd(002046) board of directors April 13, 2022
