Securities code: Sinochem International Corporation(600500) securities abbreviation: Sinochem International Corporation(600500) No.: 2022020
Bond Code: 175781 bond abbreviation: 21 Sinochem G1
Bond Code: 188412 bond abbreviation: Sinochem gy01
Bond Code: 185229 bond abbreviation: 22 Sinochem G1
Sinochem International Corporation(600500) (holding) Co., Ltd
Announcement on the expected external guarantee amount of the company 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 this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents. Important note: Sinochem International Corporation(600500) (holding) Co., Ltd. (hereinafter referred to as " Sinochem International Corporation(600500) " or "the company") intends to provide a guarantee of no more than RMB 3.5 billion to its wholly-owned subsidiaries in 2022, and a guarantee of no more than RMB 4.4 billion to its holding subsidiaries and mutual guarantee between its holding subsidiaries. Sinochem International expects the external guarantee amount to be RMB 7.9 billion in 2022. The above guarantee amount can be adjusted between the company and its wholly-owned subsidiaries and holding subsidiaries according to the actual situation.
As of December 31, 2021, the guarantee balance of Sinochem International Corporation(600500) merger level totaled RMB 5.395 billion, accounting for 44.05% of the company's audited net assets attributable to the parent company in the previous year. Whether there is counter guarantee in this guarantee: No. cumulative overdue amount of external guarantee: none. Overview of guarantee
In accordance with the company law of the people's Republic of China, the Listing Rules of Shanghai Stock Exchange and other relevant laws and regulations, as well as the articles of association of Sinochem International Corporation(600500) (holding) Co., Ltd., in order to meet the business development needs of the company's wholly-owned subsidiaries and holding subsidiaries, it was deliberated and adopted at the 24th Meeting of the eighth board of directors of the company, It is proposed to submit to the general meeting of shareholders for approval. From the date of approval of the annual general meeting of shareholders in 2021 to the date of holding the annual general meeting of shareholders in 2022, it is authorized to provide a guarantee of no more than RMB 3.5 billion for wholly-owned subsidiaries, and a guarantee of no more than RMB 4.4 billion for holding subsidiaries and mutual guarantees between holding subsidiaries Sinochem International Corporation(600500) expects the external guarantee amount to be 7.9 billion yuan in 2022. The above guarantee amount can be adjusted between the company and its wholly-owned subsidiaries and holding subsidiaries according to the actual situation.
Within the scope of the guarantee limit and the guarantor and the guaranteed considered by the board of directors, any of the following circumstances shall also be included in the scope of the guarantee limit:
(1) The amount of a single guarantee exceeds 10% of the company's latest audited net assets;
(2) The guarantee provided for the guarantee object whose asset liability ratio exceeds 70%;
(3) Any guarantee provided after the total external guarantee of the company and its holding subsidiaries exceeds 50% of the company's latest audited net assets.
Other guarantees can be implemented only after the board of directors or the general meeting of shareholders deliberates and makes a resolution in accordance with relevant regulations.
On the premise that the above-mentioned external guarantee amount is approved by the general meeting of shareholders, the management of the company is further authorized to decide the mode and amount of external guarantee and other specific matters within the scope approved by the general meeting of shareholders, and the general manager is authorized to sign relevant agreements and documents. 2、 Basic information of the guaranteed (I) guarantee for wholly-owned subsidiaries
The company plans to provide a guarantee of no more than RMB 3.5 billion to its wholly-owned subsidiaries, mainly including Sinochem Plastics Co., Ltd., Sinochem Health Industry Development Co., Ltd., Sinochem Jiangsu Lianyungang Port Co.Ltd(601008) Industrial Park Management Co., Ltd., Sinochem International (Overseas) Pte.Ltd. and its wholly-owned / holding subsidiaries. The basic information of the aforesaid guaranteed is as follows:
1. Sinochem Plastics Co., Ltd
The registered capital of the company is 4928311 million yuan. The company is mainly engaged in the sales, import and export of hazardous chemicals and plastics. At the end of 2021, the total consolidated assets of the company were Shenzhen Honor Electronic Co.Ltd(300870) 61 million yuan and the consolidated net assets were 8598713 million yuan; In 2021, the consolidated income was 18422718400 yuan and the consolidated net profit was 118163300 yuan.
2. Sinochem Health Industry Development Co., Ltd
With a registered capital of 296 million yuan, the company is mainly engaged in the trade of medical devices, nutritional raw materials, food additives, medicine and other products. At the end of 2021, the total consolidated assets of the company were 16615898 million yuan,
The consolidated net assets are 6137508 million yuan; In 2021, the consolidated income was 43290631 million yuan and the consolidated net profit was 1057586 million yuan.
3. Sinochem Jiangsu Lianyungang Port Co.Ltd(601008) Industrial Park Management Co., Ltd
The registered capital of the company is 1 billion yuan, mainly providing industrial park management, warehousing and transportation services. At the end of 2021, the total consolidated assets of the company were 1662383300 yuan and the consolidated net assets were 1049260800 yuan; In 2021, the consolidated income was 1655400 yuan and the consolidated net profit was 237300 yuan. 4、SINOCHEM INTERNATIONAL (OVERSEAS) PTE.LTD.
With a registered capital of 211 million US dollars, the company is mainly engaged in the trade of chemical, rubber, metallurgy and other products. At the end of 2021, the total assets of the company were 96297444 million yuan and the net assets were 28592704 million yuan; In 2021, the revenue will be 16322573800 yuan and the net profit will be 80507500 yuan.
(II) guarantee for holding subsidiaries and mutual guarantee between holding subsidiaries
The total amount of guarantees the company intends to provide to its holding subsidiaries and mutual guarantees between its holding subsidiaries shall not exceed RMB 4.4 billion, mainly including Jiangsu Jiangsu Yangnong Chemical Co.Ltd(600486) Group Co., Ltd., Shengao Chemical Technology Co., Ltd., halcyon agri Corporation Limited and its wholly-owned / holding subsidiaries. The basic information of the aforesaid guaranteed is as follows:
1. Jiangsu Jiangsu Yangnong Chemical Co.Ltd(600486) Group Co., Ltd
With a registered capital of 2502691 million yuan, the company is a large pesticide and chemical enterprise producing pesticides, chlor alkali and fine chemical products. At the end of 2021, the total consolidated assets of the company were 27745606300 yuan, and the consolidated net assets were 17142565300 yuan; In 2021, the consolidated income was 15634217900 yuan and the consolidated net profit was 6812916800 yuan.
2. Shengao Chemical Technology Co., Ltd
With a registered capital of 585 million yuan, the company is mainly engaged in the production and sales of rubber additives and chemical synthetic drugs. At the end of 2021, the total consolidated assets of the company were 5321771400 yuan, and the consolidated net assets were 3775834700 yuan; In 2021, the consolidated income was 41972345 million yuan and the consolidated net profit was 6575303 million yuan.
3、Halcyon Agri Corporation Limited
With a registered capital of S $953 million, the company is mainly engaged in planting, processing, marketing and exporting natural rubber. At the end of 2021, the total consolidated assets of the company were 12878072500 yuan, and the consolidated net capital was
The output is 44522193 million yuan; In 2021, the consolidated income was 158862539 million yuan and the consolidated net profit was 295577 million yuan. 3、 Main contents of the guarantee agreement
At present, the relevant entities have not signed the relevant guarantee agreement, and the above guarantee amount is only the expected amount. The above guarantee needs to be reviewed and approved by the bank or relevant institutions. The guarantee amount and signing time shall be subject to the actually signed agreement. The company will make timely disclosure according to the signing and specific implementation of the guarantee agreement and the provisions of relevant laws and regulations.
If the authorization is approved by the general meeting of shareholders, the company will select the best financing method according to the operating capacity and capital demand of its subsidiaries, combined with market conditions and financing business arrangements, perform relevant guarantee matters in strict accordance with the authorization of the general meeting of shareholders, and control the financial risk of the company. 4、 Opinions of independent directors
The independent directors believe that the external guarantee amount expected by the company in 2022 is conducive to meeting the operation and business development needs of the company and its subsidiaries in 2022. The contingent risks of the guarantee will not affect the company's sustainable operation ability, and there is no situation that damages the interests of the company and shareholders, especially small and medium-sized shareholders.
Therefore, the independent directors unanimously agreed on the expected matters of the company's guarantee and submitted them to the general meeting of shareholders of the company for deliberation. 5、 Accumulated external guarantees and overdue guarantees
As of December 31, 2021, the guarantee balance of Sinochem International Corporation(600500) merger level totaled 5.395 billion yuan, accounting for 44.05% of the company's audited net assets attributable to the parent company in the previous year. The company and its subsidiaries had no overdue external guarantee.
It is hereby announced.
Board of directors of Sinochem International Corporation(600500) (holding) Co., Ltd. April 16, 2022
