Independent director about Shanghai Shanghai Zhenhua Heavy Industries Co.Ltd(600320) (Group) Co., Ltd
Special description and independent opinions on external guarantee
The board of directors of the company has submitted to me the relevant materials on the external guarantee in 2021. I have carefully reviewed the relevant texts and inquired about the relevant situation. The company’s guarantee is as follows:
Unit: yuan currency: RMB
External guarantees of the company (excluding guarantees to subsidiaries)
Guarantee guarantee
Whether the guarantor and the guarantor
Whether the collateral is guaranteed on the date of being guaranteed on the listing, whether the collateral is guaranteed, and whether the counter guarantee is the guarantee for the amount of the guarantor of the relevant affiliated guarantee company (the initial maturity type of the agreement (such as whether it has been overdue or not, the relevant signing date of the related party of the guarantee information) to perform the overdue amount guarantee
The Department is signed
(day)
Total amount of guarantee during the reporting period (excluding guarantee for subsidiaries) total balance of guarantee at the end of the reporting period (a) (excluding guarantee for subsidiaries)
Guarantee of the company and its subsidiaries to subsidiaries
The total amount of guarantee for subsidiaries during the reporting period was – 1036331807
The total guarantee balance to subsidiaries at the end of the reporting period was 774009980 (b)
Total amount of company guarantee (including guarantee for subsidiaries)
Total guarantee amount (a + b) 774009980
The total amount of guarantee accounts for 4.39% (%) of the company’s net assets, including the amount of guarantee provided for shareholders, actual controllers and their related parties (c)
The amount of debt guarantee provided directly or indirectly for the guaranteed object with asset liability ratio exceeding 70% 774009980 (d) the amount of the total amount of guarantee exceeding 50% of net assets (E)
The total amount of the above three guarantees (c + D + e) is 774009980
The undue guarantee may bear joint and several liability for repayment
Ren description
The first extraordinary general meeting of shareholders of the company in 2008 deliberated and approved the proposal on the company’s provision of financing guarantee to its subsidiary Shanghai Zhenhua Port Machinery (Hong Kong) Co., Ltd., and agreed that the company would provide financing support to its Hong Kong subsidiary, The bank guarantees the loan it applies for, with a ceiling of $500 million. Other guarantee matters have also been deliberated and adopted at the 18th and 21st meetings of the seventh board of directors.
After carefully reviewing the relevant materials and based on my independent judgment, I hereby express the following opinions on the matter: the above guarantee does not harm the interests of minority shareholders.
Independent directors of Shanghai Shanghai Zhenhua Heavy Industries Co.Ltd(600320) (Group) Co., Ltd.: Zhao Zhanbo, Bai Yunxia, Zhang Hua, Sheng leiming April 13, 2022
