Securities code: 600337 securities abbreviation: Markor International Home Furnishings Co.Ltd(600337) No.: pro 2022-007 Markor International Home Furnishings Co.Ltd(600337)
Announcement on providing guarantee for holding subsidiaries
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: Vietnam furniture Resources Co., Ltd. (hereinafter referred to as VFR company);
● Markor International Home Furnishings Co.Ltd(600337) (hereinafter referred to as the company or the company) provided guarantee for the loan of US $1.7 million (converted to RMB 10.8361 million according to the central bank’s central parity on January 7, 2022) of the holding subsidiary VFR company, and the cumulative guarantee balance provided for it was US $2.9 million;
● there is counter guarantee for VFR company this time;
● the company has no external overdue guarantee.
1、 Overview of guarantee
The company provides guarantee for the USD 1.7 million loan of the holding subsidiary VFR company, and the guarantee period is valid within 18 months from the date of signing the loan contract.
The above guarantee matters have been deliberated and approved at the 35th meeting of the seventh board of directors and the third extraordinary general meeting of shareholders in 2021. For details, please refer to the company’s website (www.sse. Com. CN.) in Shanghai Securities Journal, securities times and Shanghai Stock Exchange on February 10 and February 26, 2021 Relevant announcements disclosed.
2、 Basic information of the guaranteed
(I) guaranteed party: VFR company
Registered address: No. 47 / 4, dt743, zone B, Pingfu village, Quanan Town, Pingyang Province, Vietnam
CEO：Jonathan Mark Sowter
Main business: mainly engaged in the production and sales of JC brand furniture, providing customized furniture, hardware accessories, supporting lamps, etc.
Founded in July 2014, VFR company is a wholly-owned subsidiary of m.u.s.t. Holdings Limited (hereinafter referred to as “m.u.s.t. company”, with a shareholding ratio of 60%). As of December 31, 2020, the total assets of the company were 60.3538 million yuan; Total liabilities are 42.2617 million yuan, including current liabilities of 42.2617 million yuan and bank loans of 0 yuan; Net assets: RMB 18.0922 million; In 2020, the operating income will be 107.2382 million yuan and the net profit will be 838200 yuan (audited). As of September 30, 2021, the total assets of the company were RMB 59.8923 million; The total liabilities are 36.9889 million yuan, of which the total current liabilities are 36.9889 million yuan and the total bank loans are 0 yuan; The net assets are 22.9034 million yuan; From January to September 2021, the operating revenue was 82.5438 million yuan and the net profit was 4.0215 million yuan (Unaudited).
(II) up to now, there are no major contingencies affecting the solvency of the above guaranteed.
3、 Main contents of the guarantee agreement
(I) the company signed a guarantee contract with the bank to provide guarantee for the loan of VFR company. The main contents are as follows:
1. Guarantee scope: principal, interest, liquidated damages, compensation, etc.
2. Guarantee amount: USD 1.7 million.
3. Guarantee method: joint and several liability guarantee.
4. Guarantee period: valid within 18 months from the date of signing the loan contract.
M. Jonathan mark sowter, another shareholder of the u.s.t. company, has signed the equity pledge contract and other relevant documents with the company on the guarantee and pledged his 40% equity of m.u.s.t. company to the company to provide counter guarantee for the guarantee. Up to now, the relevant equity pledge registration procedures are being handled.
4、 Opinions of the board of directors
The board of directors of the company believes that the guarantee provided by the company to the wholly-owned (holding) subsidiary is to meet the needs of its operation and development, is conducive to the sound development of the wholly-owned (holding) subsidiary, is in line with the overall interests of the company, and the guaranteed party has stable financial status, good credit status and ability to repay the due debts.
5、 Accumulated external guarantees and overdue guarantees
As of the disclosure date of the announcement, the total amount of external guarantees provided by the company and its wholly-owned (holding) subsidiaries was RMB 2265.06 million and USD 42.246 million. The total amount of guarantees was converted into RMB 2544.005 million according to the central bank’s central parity, accounting for 59.86% of the latest audited owner’s equity attributable to the parent company of the listed company, Among them, the guarantee amount between the company and its wholly-owned (holding) subsidiaries is RMB 174450500, accounting for 41.05% of the owner’s equity attributable to the parent company audited in the latest period of the listed company, and there is no external overdue guarantee.
6、 Directory of documents for future reference
1. Markor International Home Furnishings Co.Ltd(600337) resolution of the 35th meeting of the seventh board of directors;
2. Markor International Home Furnishings Co.Ltd(600337) resolution of the third extraordinary general meeting of shareholders in 2021.
It is hereby announced.
Markor International Home Furnishings Co.Ltd(600337) board of directors January 10, 2002
