Stock Code: Shenyang Machine Tool Co.Ltd(000410) stock abbreviation: Shenyang Machine Tool Co.Ltd(000410) Announcement No.: 202236 Shenyang Machine Tool Co.Ltd(000410) about reporting to General Technology Group
Announcement on application for loan limit and related party transactions
The company and the members of the board of directors guarantee that the contents of the announcement are true, accurate and complete, and there are no false records, misleading statements or major omissions.
1、 Overview of related party transactions
According to the needs of the company’s production and operation, it is planned to apply to China General Technology (Group) Holding Co., Ltd. (hereinafter referred to as “General Technology Group”) for a RMB loan limit of 1.2 billion throughout the year, including but not limited to RMB loans and other forms of financing and credit support, so as to meet the company’s annual capital and business needs.
On April 14, 2022, the 27th meeting of the ninth board of directors held by the company considered and adopted the proposal on applying for loan limit and related party transactions from general technology group.
As the company is a subsidiary of China General Technology (Group) Holding Co., Ltd., this transaction constitutes a connected transaction in accordance with Article 6.3.2 of the stock listing rules of Shenzhen Stock Exchange (revised in 2022).
This connected transaction needs to be submitted to the general meeting of shareholders of the company for deliberation, and the connected persons who have an interest in the connected transaction will avoid voting.
This connected transaction does not constitute a major asset reorganization or a listing reorganization as stipulated in the administrative measures for major asset reorganization of listed companies.
2、 Introduction to related parties
Company name: China General Technology (Group) Holding Co., Ltd. registered capital: 750 million yuan
Legal representative: Yu Xubo
Company type: limited liability company (solely state-owned)
Address: No. 90, Middle West Third Ring Road, Fengtai District, Beijing
Main business scope: dispatch of labor personnel required for overseas projects; investment; Asset operation and asset management; Import and export business; Contracting overseas projects and domestic international bidding projects; Design and produce printed advertisements; Advertising business; Own houses for rent.
3、 Main contents and pricing policies of related party transactions
The company plans to apply to General Technology Group for a loan limit of 1.2 billion yuan, including an original loan of 800 million yuan, and a new loan of 400 million yuan is planned in this period according to the operation needs of the company. The newly increased loan of 400 million yuan is mainly used for the subsequent expenses of the company’s judicial reorganization. The borrowing rate of the company from general technology group shall be implemented with reference to the borrowing rate specified by general technology group and shall not be higher than the loan rate in the external financial market in the same period.
4、 Purpose of related party transactions and its impact on Listed Companies
The company’s application for loans from general technology group can provide financial support for the company’s production and operation, and play a positive role in optimizing the financial structure, improving the efficiency of capital use, reducing financing costs and financing risks.
The above daily connected transactions meet the needs of the company’s operation and development, are the market behavior of the company’s business activities, and will not affect the independence of the company. In line with the interests of the company and all shareholders, there is no damage to the interests of the company and other shareholders, especially minority shareholders.
5、 Documents for future reference
1. Resolution of the 27th meeting of the 9th board of directors of the company
2. Independent directors express independent opinions
Shenyang Machine Tool Co.Ltd(000410) board of directors
April 15, 2002
