Securities code: China State Construction Engineering Corporation Limited(601668) stock abbreviation: China State Construction Engineering Corporation Limited(601668) No.: pro 2022022 announcement on the proposed new external guarantee limit in 2022
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 the announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of the contents.
Important content tips:
The 15th meeting of the third board of directors of the company deliberated and approved the proposal on the guarantee amount of China State Construction Engineering Corporation Limited(601668) 2022. In 2022, it is planned to arrange the company to increase the external guarantee amount of 14.8 billion yuan for wholly-owned and holding subsidiaries, 152 billion yuan for wholly-owned and holding subsidiaries, and 120 billion yuan for wholly-owned and holding subsidiaries to provide new mortgage guarantee amount for small owners.
The matter shall be submitted to the 2021 annual general meeting of shareholders of the company for deliberation.
The company has no overdue external guarantee.
1、 Overview of proposed new external guarantees in 2022
In December 2020, China State Construction Engineering Corporation Limited(601668) (hereinafter referred to as “CSCEC” or “the company”) issued the regulations on the administration of China State Construction Engineering Corporation Limited(601668) external guarantee (for Trial Implementation). Based on the contents of the regulations and the management requirements of the company’s guarantee business, the company further strengthened the control of external guarantee. The 15th meeting of the third board of directors deliberated and adopted the proposal on the guarantee amount of China State Construction Engineering Corporation Limited(601668) 2022. The details are as follows.
(I) the company’s newly increased external guarantee amount for wholly-owned and holding subsidiaries
The company plans to provide 14.8 billion yuan of new external guarantee for wholly-owned and holding subsidiaries. Of which, 7.4 billion yuan of financing guarantee and 7.4 billion yuan of operation guarantee were added; The new quota for the guaranteed with asset liability ratio higher than 70% (inclusive) is 9.9 billion yuan, and the new quota for the guaranteed with asset liability ratio lower than 70% is 4.9 billion yuan, as detailed below.
Unit: RMB 100 million
Guarantee category guaranteed entity type guaranteed entity newly added external guarantee limit
The assets of the guaranteed units are China Construction International Construction Co., Ltd. and China construction infrastructure
The debt ratio of financing guarantee is higher than 70% of that of Construction Co., Ltd. and China State Construction Engineering Corporation Limited(601668) First Bureau (Group) Co., Ltd. by 50%
(including) company, China State Construction Engineering Corporation Limited(601668) Second Engineering Bureau Co., Ltd., China
Guarantee category guaranteed entity type guaranteed entity newly added external guarantee limit
State Construction Third Engineering Bureau Co., Ltd. China State Construction Engineering Corporation Limited(601668) No
No.4 Engineering Bureau Co., Ltd. China State Construction Engineering Corporation Limited(601668) 5 Engineering Bureau
Ltd. China State Construction Engineering Corporation Limited(601668) Sixth Engineering Bureau Co., Ltd
China State Construction Engineering Corporation Limited(601668) the seventh Engineering Bureau Co., Ltd. China State Construction Engineering Corporation Limited(601668)
Eighth Engineering Bureau Co., Ltd., CSCEC Xinjiang Construction Engineering (Group)
Group) Co., Ltd. and other wholly-owned and holding subsidiaries
CSCEC USA Co., Ltd. 17
Negative assets of the guaranteed unit China State Construction Engineering Corporation Limited(601668) Algeria company
Debt ratio below 70% 7
Total 74
Negative assets of the guaranteed entity
The debt ratio is higher than 70%, and 32 wholly-owned and holding subsidiaries such as CSCEC America Co., Ltd
(including)
Negative assets of the guaranteed entity under operation guarantee
Debt ratio less than 70% China State Construction Engineering Corporation Limited(601668) Algerian company 42
Total 74
(II) newly increased external guarantee amount of wholly-owned and holding subsidiaries to their subsidiaries
The wholly-owned and holding subsidiaries of the company plan to provide 152 billion yuan of new external guarantee for their subsidiaries, including 101.7 billion yuan of new financing guarantee and 50.3 billion yuan of new operation guarantee; The newly increased amount of guarantee for wholly-owned and holding subsidiaries is 137.9 billion yuan, and the newly increased amount of guarantee for participating subsidiaries is 14.1 billion yuan. The details are as follows.
1. Newly increased financing guarantee amount of wholly-owned and holding subsidiaries to their subsidiaries
Unit: RMB 100 million
No. guarantee unit’s new financing guarantee amount for wholly-owned and holding subsidiaries and joint-stock companies note
1 China Overseas Group Co., Ltd. 500100
Zhongjian International Construction Co., Ltd. 10 7
3 China State Construction Engineering Corporation Limited(601668) First Bureau (Group) Co., Ltd. 23 0
4 China State Construction Engineering Corporation Limited(601668) Second Engineering Bureau Co., Ltd. 17 0
5 China State Construction Engineering Corporation Limited(601668) Third Engineering Bureau Co., Ltd. 14 13
6 China State Construction Engineering Corporation Limited(601668) the Fourth Engineering Bureau Co., Ltd. 45 0
7 China State Construction Engineering Corporation Limited(601668) Fifth Engineering Bureau Co., Ltd. 20 4
8 China State Construction Engineering Corporation Limited(601668) Sixth Engineering Bureau Co., Ltd. 27 0
9 China State Construction Engineering Corporation Limited(601668) seventh Engineering Bureau Co., Ltd. 30 15
No. guarantee unit’s new financing guarantee amount for wholly-owned and holding subsidiaries and joint-stock companies note
10 China State Construction Engineering Corporation Limited(601668) the eighth Engineering Bureau Co., Ltd. 41 0
11 CSCEC Xinjiang Construction Engineering (Group) Co., Ltd. 7 0
12 China State Construction Engineering Corporation Limited(601668) (Nanyang) Development Co., Ltd. 6 2
13 China State Construction Engineering Corporation Limited(601668) Development Co., Ltd. 3 0
14 China Construction Investment Development Group Co., Ltd. 4 0
15 China construction Communications Construction Group Co., Ltd. 50
16 China State Construction Engineering Corporation Limited(601668) Decoration Group Co., Ltd. 5 0
17 China Construction Science and Engineering Group Co., Ltd. 4 0
18 China Construction Installation Group Co., Ltd. 4 0
19 China West Construction Group Co.Ltd(002302) 28 0
20 China Construction Technology Group Co., Ltd. 3 0
21 China Construction Capital Holding Co., Ltd. 30 0
22 mobile quota 50 0
Total 876141
Note: in principle, the wholly-owned and holding subsidiaries of the company provide financing guarantee to the participating companies according to the proportion of equity held.
2. The newly increased operation guarantee amount of wholly-owned and holding subsidiaries to their wholly-owned and holding subsidiaries
Unit: RMB 100 million
S / N guarantee unit’s new operation guarantee amount for wholly-owned and holding subsidiaries
1 China Overseas Group Co., Ltd. 315
2 China State Construction Engineering Corporation Limited(601668) First Bureau (Group) Co., Ltd. 10
3 China State Construction Engineering Corporation Limited(601668) Third Engineering Bureau Co., Ltd. 47
4 China State Construction Engineering Corporation Limited(601668) the Fourth Engineering Bureau Co., Ltd. 79
5 China State Construction Engineering Corporation Limited(601668) the Fifth Engineering Bureau Co., Ltd. 5
6 China State Construction Engineering Corporation Limited(601668) Sixth Engineering Bureau Co., Ltd. 5
7 China State Construction Engineering Corporation Limited(601668) seventh Engineering Bureau Co., Ltd. 12
8 China State Construction Engineering Corporation Limited(601668) the eighth Engineering Bureau Co., Ltd. 11
9 China Construction Design and Research Institute Co., Ltd. 1
10 China State Construction Engineering Corporation Limited(601668) southwest design and Research Institute Co., Ltd
S / N guarantee unit’s new operation guarantee amount for wholly-owned and holding subsidiaries
11 China State Construction Engineering Corporation Limited(601668) Development Co., Ltd. 2
12 China State Construction Engineering Corporation Limited(601668) Decoration Group Co., Ltd. 10
13 China Construction Installation Group Co., Ltd. 1
14 China Construction Technology Group Co., Ltd. 3
Total 503
