Securities code: 605166 securities abbreviation: Hangzhou Juheshun New Material Co.Ltd(605166) Announcement No.: 2022-004 Hangzhou Juheshun New Material Co.Ltd(605166)
Announcement on the proposed establishment of Shanxi Hangzhou Juheshun New Material Co.Ltd(605166) new materials Co., Ltd
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 investment object: Shanxi Hangzhou Juheshun New Material Co.Ltd(605166) new materials Co., Ltd. (tentative name, subject to industrial and commercial registration);
Investment amount: 50 million yuan
Special risk tips: 1. The company plans to establish a subsidiary this time, and there are certain uncertainties in the approval of relevant departments; 2. The future business development of subsidiaries may be affected by macro policy regulation, market changes and other aspects, and there are certain uncertainties; 3. There is uncertainty about whether the target company can achieve profitability in the future.
1、 Overview of foreign investment
According to the company's strategic development needs, in order to further optimize the company's regional layout, the company plans to invest 50 million yuan to establish a wholly-owned subsidiary Shanxi Hangzhou Juheshun New Material Co.Ltd(605166) new materials Co., Ltd. in Changzhi City, Shanxi Province (tentative name, subject to industrial and commercial registration). At the same time, the chairman of the company or his designated personnel are authorized to Fully handle matters related to the establishment of the subsidiary within the scope of rules and other normative documents.
According to the stock listing rules of Shanghai Stock Exchange and the measures for the administration of major asset restructuring of listed companies, the above investments do not belong to related party transactions and do not constitute major asset restructuring. The investment has been deliberated and approved at the 22nd Meeting of the second board of directors and does not need to be submitted to the general meeting of shareholders for deliberation.
2、 Basic information of the proposed subsidiary
1. Company Name: Shanxi Hangzhou Juheshun New Material Co.Ltd(605166) new materials Co., Ltd. (tentative name, subject to the name approved by the market supervision and Administration Bureau)
2. Address: Lubao Industrial Park, Dianshang Town, Lucheng District, Changzhi City, Shanxi Province
3. Legal representative: Fu Shuai
4. Registered capital: 50 million yuan
5. Company type: limited liability company
6. Business scope: R & D, production and sales of new nylon materials, sales of raw materials, import and export of goods and technologies (for projects subject to approval according to law, business activities can be carried out only after approval by relevant departments)
7. Mode of capital contribution: the company makes capital contribution in cash
The above information shall be subject to the registration results approved by the market supervision and Administration Bureau.
3、 Impact of this foreign investment on the company
Based on the long-term strategic development plan in the future, in order to give full play to its own brand, technology development and marketing advantages, further optimize the product structure and enhance the market competitiveness, the company plans to implement the foreign investment and establishment of subsidiaries to improve the comprehensive competitiveness of the company.
This investment is a strategic layout investment in the company's plan, which will not have a significant adverse impact on the company's finance and will not damage the interests of the company and all shareholders.
4、 Risk analysis of this foreign investment
This foreign investment is a prudent decision made from the long-term interests of the company, but there are still risks caused by uncertain factors such as policy, market and management. The company will take appropriate strategies and management measures to strengthen risk control and actively prevent and respond to risks. At the same time, the company will timely perform the obligation of information disclosure in strict accordance with relevant regulations and according to the progress of the above matters. Please pay attention to investment risks.
It is hereby announced.
Hangzhou Juheshun New Material Co.Ltd(605166) board of directors January 10, 2022
