Securities code: Infovision Optoelectronics (Kunshan) Co.Ltd(688055) securities abbreviation: Infovision Optoelectronics (Kunshan) Co.Ltd(688055) Announcement No.: 2022019 Kunshan Longteng North Electro-Optic Co.Ltd(600184) Co., Ltd
Announcement on providing guarantee for subsidiaries to apply for bank credit
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 legal responsibility for the authenticity, accuracy and integrity of its contents according to law.
Important content tips:
Guaranteed: Kunshan Longteng Electronics Co., Ltd. (hereinafter referred to as "Longteng Electronics" or "subsidiary"), a wholly-owned subsidiary
The amount of this guarantee and the guarantee balance actually provided for it: the company plans to provide Longteng electronics with a guarantee limit of no more than RMB 943 million. As of the disclosure date of the announcement, the guarantee balance actually provided by the company for Longteng Electronics was 347133800 yuan.
There is no counter guarantee in this guarantee.
This guarantee does not need to be submitted to the general meeting of shareholders for deliberation.
1、 Overview of guarantee
According to the development plan and business expansion needs in 2022, in order to ensure the production, operation and future development needs of Kunshan Longteng North Electro-Optic Co.Ltd(600184) Co., Ltd. (hereinafter referred to as " Infovision Optoelectronics (Kunshan) Co.Ltd(688055) " or "the company") and its wholly-owned subsidiary Longteng electronics, the company plans to provide joint and several liability guarantee of no more than RMB 943 million for the subsidiary's application for bank credit, and the specific guarantee amount and term shall be subject to the actually signed guarantee contract.
At the 18th meeting of the first board of directors and the 13th meeting of the first board of supervisors held on April 15, 2022, the company unanimously deliberated and approved the proposal on the company's application for bank credit guarantee for subsidiaries, agreed that the company should provide joint and several liability guarantee for subsidiaries' application for comprehensive credit to banks, and the independent directors of the company expressed their independent opinions. The validity period of this guarantee is 12 months from the date of approval of the 18th meeting of the first board of directors of the company. The board of directors authorizes the chairman or his authorized person to exercise the decision-making power and sign relevant legal documents within the above guarantee limit, and the specific matters shall be organized and implemented by the financial department of the company. According to the relevant provisions of the Listing Rules of science and Innovation Board of Shanghai Stock Exchange and the articles of association, this guarantee does not need to be submitted to the general meeting of shareholders for deliberation, and takes effect after being deliberated and approved by the board of directors of the company.
2、 Basic information of the guaranteed
1. Name of the guaranteed: Kunshan Longteng Electronics Co., Ltd
2. Date of establishment: October 8, 2002
3. Registered address: No. 68, Xinxiang Road, Kunshan comprehensive free trade zone, Jiangsu Province
4. Legal representative: Lin Shihong
5. Business scope: develop and produce new flat panel display devices (liquid crystal display, liquid crystal display (LCM module), liquid crystal TV, special precision light guide sector for flat panel display, backlight module and lamp tube) and computer peripheral products, sell self-produced products and provide after-sales services; Self support and agency of import and export business of various commodities and technologies; Testing and maintenance of new flat panel display devices and computer peripheral products; Sales of key raw materials, electronic components and electronic digital products of new flat panel display devices, new flat panel display devices and supporting products; Development, consultation, inspection and testing services and technology transfer of new display technology; Development of new flat panel display devices and computer peripheral products, leasing of production equipment and supporting equipment; Lease of self owned plant; Road general cargo transportation. (among the above-mentioned business projects, except those with pre license, restricted operation and prohibited operation as stipulated by laws and administrative regulations) (for projects that need to be approved according to law, business activities can be carried out only with the approval of relevant departments)
6. Equity structure: Infovision Optoelectronics (Kunshan) Co.Ltd(688055) holds 100% of its shares
7. Key financial data (audited):
Unit: 10000 yuan
December 31, 2021 / December 31, 2020 / January December 1, 2020
Total assets 139036189099468
Total liabilities 92533394740321
Net assets 46502794359147
Operating income 2233346915131188
Net profit 291133206850
Deducting non recurring profit and loss 288474205451
Net profit after
The audit was audited by Daxin Certified Public Accountants (special audit by Daxin Certified Public Accountants (special general partnership) (general partnership)
8. Major contingencies affecting the guaranteed's solvency: None
9. The information of the executor of Longteng: the information of the executor is not disclosed by the executor of Longteng
10. Relationship with the company: Longteng electronics is a wholly-owned subsidiary of the company
3、 Main contents of the guarantee agreement
As of the disclosure date of the announcement, the company has not signed the relevant guarantee agreement (except for the previous agreements that are still valid). The above planned guarantee limit is only the guarantee limit that the company plans to provide for the bank comprehensive credit line to be applied by the wholly-owned subsidiary. The specific guarantee amount and guarantee period shall be subject to the actually signed agreement.
4、 Reasons and necessity of guarantee
This guarantee is to meet the needs of Longteng Electronics' daily operation and business development, help support its sound development and meet the overall interests of the company. The guarantee object is the wholly-owned subsidiary within the scope of the company's consolidated statements. The company has absolute control, its operation and financial status are stable, it is able to repay the due debts, the guarantee risk is generally controllable, and there is no damage to the interests of the company and shareholders.
5、 Opinions of the board of directors
The company held the 18th meeting of the first board of directors on April 15, 2022, deliberated and passed the proposal on the company providing guarantee for the subsidiary's application for bank credit by unanimous vote, and agreed to provide joint and several liability guarantee of no more than RMB 943 million for the subsidiary's application for bank credit within the above period.
The independent directors expressed the following independent opinions on this guarantee: the guarantee provided by the company for the wholly-owned subsidiary to apply for comprehensive credit from the bank is made in comprehensive consideration of the daily operation and business development needs of the subsidiary, which is in line with the actual operation situation and overall development strategy of the subsidiary, conducive to the sustainable development of the subsidiary and in line with the overall interests of the company. The guarantee object is the wholly-owned subsidiary within the scope of the company's consolidated statements. The company has absolute control, its operation and financial status are stable, it is able to repay the due debts, the guarantee risk is generally controllable, the decision-making and approval procedures comply with the provisions of relevant laws and regulations and the articles of association, and there is no situation that damages the interests of the company and shareholders, especially small and medium-sized shareholders. We agree that the company will provide joint and several liability guarantee for the subsidiary's application for comprehensive credit from the bank.
6、 Accumulated external guarantee amount and overdue guarantee amount
As of the disclosure date of the announcement and the date of the meeting of the board of directors, in addition to this guarantee, the total amount of external guarantee of the company was RMB 507 million (the total amount of guarantee refers to the sum of the unused amount within the approved guarantee limit and the actual guarantee balance), of which the approved but unused amount of the company was RMB 159866200 and the actual guarantee balance was RMB 347133800, They are joint and several liability guarantees provided to wholly-owned subsidiaries. The company's total external guarantee accounts for 10.95% of the company's latest audited net assets and 7.01% of its total assets. Up to now, the company has no overdue external guarantee.
7、 Online announcement attachment
1. Infovision Optoelectronics (Kunshan) Co.Ltd(688055) independent directors' independent opinions on matters related to the 18th meeting of the first board of directors of the company;
2. Basic information of the guaranteed and the latest financial statements.
It is hereby announced.
Board of directors of Kunshan Longteng North Electro-Optic Co.Ltd(600184) Co., Ltd
April 18, 2022
