Securities code: Shanxi Huayang New Materialco.Ltd(600281) stock abbreviation: Shanxi Huayang New Materialco.Ltd(600281) No.: Lin 2022015 Shanxi Huayang New Materialco.Ltd(600281)
Announcement on the amount of guarantee expected to be provided for subsidiaries in 2022
The board of directors and all members of the board of 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 the guaranteed: Taiyuan huashengfeng precious metal materials Co., Ltd. (hereinafter referred to as “huashengfeng company”)
Shanxi Huayang biodegradable new materials Co., Ltd. (hereinafter referred to as “biodegradable company”) is expected to guarantee the amount of no more than RMB 200 million.
There is no overdue guarantee.
Shanxi Huayang New Materialco.Ltd(600281) (hereinafter referred to as “the company”) held the third meeting of the seventh board of directors in 2022 on April 18, 2022, deliberated and adopted the proposal on the expected guarantee amount for subsidiaries in 2022. The details are hereby announced as follows:
1、 Overview of the company’s expected guarantee for subsidiaries in 2022
In order to ensure the normal production and operation of the company and its subsidiaries, combined with the financing needs in 2022, the company hereby estimates the guarantee amount provided to its subsidiaries in 2022.
In 2022, the company expects to provide guarantee for its subsidiaries of no more than 200 million yuan, including no more than 150 million yuan for huashengfeng and no more than 50 million yuan for biodegradable companies.
2、 Basic information of the guaranteed
(I) Name: Taiyuan huashengfeng precious metal materials Co., Ltd
Registered capital: 100 million yuan only
Legal representative: Bai Xiaoyu
Registered address: South Zone of Taiyuan Chemical New Material Company Park of Yangmei group, Qingxu County, Taiyuan City, Shanxi Province
Date of establishment: April 11, 2017
Business term: April 11, 2017 to April 10, 2037
Business scope: recovery, purification and precious metal processing of platinum, palladium and other catalysts and wastes containing precious metals, research, development, processing, production and sales of precious metal basic compounds and their series products.
Operation: by the end of 2021, huashengfeng had total assets of 377444400 yuan, total liabilities of 296961600 yuan and asset liability ratio of 78.68%; In 2021, the operating revenue was 261134400 yuan, and the total profit was -230489 million yuan. (II) Name: Shanxi Huayang biodegradable new materials Co., Ltd
Registered capital: one hundred and fifty-five million yuan only
Date of establishment: December 20, 2002
Legal representative: Li Weibin
Registered address: room 409, Pingding chemical complex building, Longchuan Industrial Park, Pingding economic and Technological Development Zone, Yangquan City, Shanxi Province
Business scope: manufacturing and sales of bio based materials, research and development of bio based materials technology, production and sales of chemical materials, etc.
Operation: at the end of 2021, the total assets were 158097700 yuan, the total liabilities were 796679 million yuan, and the asset liability ratio was 50.39%; 2021 is the construction period of the project, with an operating income of RMB 0 million and a total profit of RMB -2.557 million. 3、 The main content of the guarantee agreement is that the company has not signed a specific guarantee agreement with financial institutions. The above guarantee amount is the guarantee amount expected by the company according to the business needs of its subsidiaries. After the amount is deliberated and approved by the board of directors, it needs to be submitted to the general meeting of shareholders for deliberation and approval.
Before the specific guarantee matters occur, the company can sign the guarantee contract with the financial institution only after it is approved by the board of directors again. The signing time, guarantee amount, guarantee period and other matters shall be subject to the actually signed contract.
4、 Opinions of the board of directors
The board of Directors believes that the guarantee provided by the company for the wholly-owned subsidiary is conducive to the sustainable development of the subsidiary and in line with the interests of the company and all shareholders. The guarantee amount meets the actual needs of the wholly-owned subsidiary, and the subsequent cash flow and profitability of the relevant subsidiary are sufficient to cover the proposed financing amount, and the risk of future debt default is controllable. Therefore, it is agreed that the company will provide guarantee for the wholly-owned subsidiary within the above guarantee amount.
5、 Opinions of independent directors
The independent directors believe that the amount of guarantee provided by the company for the wholly-owned subsidiary is estimated according to the actual situation of the company’s business, which belongs to the needs of normal production and operation. The guaranteed subsidiary is in good financial condition and has solvency. The guarantee complies with relevant laws, regulations, normative documents and the articles of association, and has performed the decision-making and approval procedures in strict accordance with the Listing Supervision Regulations. There is no situation that damages the interests of the company and all shareholders, especially small and medium-sized shareholders. We agree that the company will provide guarantee for its subsidiaries according to the expected guarantee amount of this proposal, and agree to submit it to the general meeting of shareholders of the company for deliberation.
6、 Accumulated external guarantee and overdue guarantee
As of March 31, 2021, the total amount of external guarantee of the company and its holding subsidiaries was RMB 10000; The company actually guaranteed 188 million yuan to its wholly-owned subsidiary, accounting for 39.01% of the company’s audited net assets in 2021; There is no overdue guarantee. It is hereby announced
Shanxi Huayang New Materialco.Ltd(600281) board of directors April 20, 2022
