Announcement on providing guarantee for Xinjiang Vanke financing
Securities code: 00000 2, 299903 securities abbreviation: Vanke A, Vanke H
Announcement No.: (10000) 2022-007
The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete without false records, misleading statements or major omissions.
1、 Overview of guarantee
In order to meet the needs of project development, Vanke (Xinjiang) Enterprise Co., Ltd. (hereinafter referred to as "Xinjiang Vanke"), a direct wholly-owned subsidiary of China Vanke Co.Ltd(000002) (hereinafter referred to as "the company" or "Vanke"), plans to apply for financing from financial institutions through the insurance fund real estate creditor's rights investment plan, with the financing principal amount not exceeding RMB 700 million and the maximum financing period of 15 years. The company has signed a guarantee contract with financial institutions on January 10, 2022 to provide full guarantee for the above financing matters.
According to the proposal on requesting the general meeting of shareholders to authorize the company to provide guarantee for its holding subsidiaries, which has been deliberated and approved by the company's 2020 general meeting of shareholders, the general meeting of shareholders authorizes the board of directors of the company and sub authorizes the president of the company to make a decision on the company to provide guarantee for its holding subsidiaries. The president of the company has made a decision and agreed to the above guarantee within the scope of the above authorization.
2、 Basic information of the guaranteed
Company name: Vanke (Xinjiang) Enterprise Co., Ltd
Date of establishment: March 31, 2010
Registered address: Urumqi, Xinjiang
Legal representative: Pan Yansong
Registered capital: RMB 100 million
Equity structure: the company holds 100% equity of Xinjiang Vanke in total
Business scope: enterprise management services; Real estate brokerage services; Real estate operation and development; Business information consulting services. (for projects subject to approval according to law, business activities can be carried out only after approval by relevant departments)
As of December 31, 2020, Xinjiang Vanke had total assets of RMB 7169.9968 million, total liabilities of RMB 6887.8366 million and net assets of RMB 28216.02 million; The operating income is RMB 155.027 million, the total profit is RMB 434387900, the net profit is RMB 424013100, and the asset liability ratio is 96%.
As of December 31, 2021, Xinjiang Vanke has total assets of 6197.1231 million yuan, total liabilities of 5942.7864 million yuan and net assets of 254.3367 million yuan; From January to December 2021, the operating revenue was 208353300 yuan, the total profit was 256139700 yuan, the net profit was 240182000 yuan, and the asset liability ratio was 96%. Up to now, Xinjiang Vanke has not provided external guarantees and mortgages, and there are no litigation matters. Xinjiang Vanke is not a dishonest person.
3、 Main contents of the guarantee agreement
Under the guarantee contract, the company provides unconditional and irrevocable joint and several liability guarantee for the full amount of the principal and interest of the above financing matters (subject to the amount actually allocated to Xinjiang Vanke by the financial institution). If Xinjiang Vanke fails to repay any due debts under the above financing, or the financial institution declares that Xinjiang Vanke needs to accelerate the due repayment, If Xinjiang Vanke cannot accelerate the repayment of debts due, the financial institution has the right to require the company to perform the guarantee liability. The guarantee period is 3 years from the date of expiration of the debt performance period.
4、 Opinions of the board of directors
The company provides guarantee for the financing of Xinjiang Vanke, which helps to support the business development of Xinjiang Vanke. As a direct wholly-owned subsidiary of the company, Xinjiang Vanke is able to repay the relevant financing. The relevant guarantees comply with the company law, the articles of association and the notice on regulating the external guarantees of listed companies (zjf [2005] No. 120).
5、 Accumulated external guarantees and overdue guarantees
As of December 31, 2021, the company's guarantee balance was RMB 38.822 billion, accounting for 17.29% of the company's audited net assets attributable to shareholders of listed companies at the end of 2020. Among them, the balance of guarantees provided by the company and its holding subsidiaries to other holding subsidiaries is RMB 24.884 billion, and the balance of guarantees provided by the company and its holding subsidiaries to associated companies and joint ventures is RMB 13.938 billion. The company and its holding subsidiaries have no external guarantee. The company also has no overdue guarantee or guarantee involving litigation.
After the guarantee, the total amount of external guarantee of the company will be about RMB 39.522 billion, accounting for 17.60% of the company's audited net assets attributable to shareholders of listed companies by the end of 2020.
It is hereby announced.
China Vanke Co.Ltd(000002) board of directors
January 12, 2002
