Securities code: 301100 securities abbreviation: Fengguang shares Announcement No.: 2022020
Yingkou Fengguang New Material Co., Ltd
Announcement on investment and establishment of 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 foreign investment (I) basic information
Yingkou Fengguang new materials Co., Ltd. (hereinafter referred to as "the company") plans to use its own funds to invest in the establishment of Liaoning Zhongxin Supply Chain Management Co., Ltd. and Liaoning Zhongxin import and export trade Co., Ltd. (tentative name, subject to the final registration), and authorizes the management of the company to be responsible for the matters related to the investment and establishment of subsidiaries. (II) review
The company held the 12th meeting of the second board of directors on April 14, 2022, deliberated and passed the proposal on investment and establishment of subsidiaries, and authorized the company's management to be responsible for handling matters related to the investment and establishment of subsidiaries. This proposal needs to be voted by the general meeting of shareholders. (III) not constituting related party transactions
This foreign investment does not constitute a connected transaction, nor does it constitute a major asset reorganization stipulated in the administrative measures for major asset reorganization of listed companies. 2、 Basic information of the proposed subsidiary 1. Company Name: Liaoning Zhongxin Supply Chain Management Co., Ltd. registered capital: RMB 100 million; Shareholder name: Yingkou Fengguang New Material Co., Ltd. proportion of capital: 100% registered address: Liaoning Yingkou legal representative: Wang Feng 2. Company Name: Liaoning Zhongxin import and export trade Co., Ltd. registered capital: RMB 10 million; Name of shareholder: Yingkou Fengguang New Material Co., Ltd. proportion of capital: 100% registered address: Yingkou, Liaoning legal representative: Wang Feng. The above contents shall be subject to the final approval and registration of the administrative department for Industry and commerce. 3、 Purpose of foreign investment, impact on the company and existing risks (I) purpose of investment
In order to actively adapt to the new changes in the China Petroleum & Chemical Corporation(600028) industry market, based on the needs of the company's future development strategic planning, business expansion and optimization of the company's management structure, invest in the establishment of a wholly-owned subsidiary, which is conducive to improving the company's internal resource integration and expanding the overseas market. (II) impact on the company
The establishment of subsidiaries is conducive to further expand the company's business scope, enhance the company's market competitiveness and sustainable profitability, and is of positive significance to the company's future development. This investment is in line with the long-term development strategy of all shareholders and the company, will not have a significant impact on the company's financial status and operating results, and will not damage the interests of listed companies and shareholders. (III) existing risks
The establishment of subsidiaries by this investment still needs the approval of relevant examination and approval authorities such as the administrative department for Industry and commerce. Whether it can pass the relevant approval and the time of final approval are uncertain. In addition, after the establishment of the new company, it may face the influence of macroeconomic, industrial environment, market changes and other factors in the business process, and there are certain market risks, operation risks, management risks and so on. Subsequent companies will pay close attention to the establishment and progress of subsidiaries, actively prevent and respond to various risks that may be faced in the development of subsidiaries, and timely perform the obligation of information disclosure in strict accordance with the requirements of relevant laws, regulations and normative documents. Please invest rationally and pay attention to investment risks. 4、 Documents for future reference 1. Resolutions of the 12th meeting of the second board of directors.
Board of directors of Yingkou Fengguang New Material Co., Ltd. March 14, 2022
