Securities code: 002174 securities abbreviation: Yoozoo Interactive Co.Ltd(002174) Announcement No.: 2022-002 Yoozoo Interactive Co.Ltd(002174)
Announcement on providing guarantee for subsidiaries
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
1、 Overview of guarantee
(I) basic information of this guarantee
Recently, in order to meet the daily operation and development needs of the holding subsidiary of Yoozoo Interactive Co.Ltd(002174) (hereinafter referred to as "the company"), the company plans to provide guarantee for the comprehensive credit applied by the holding subsidiary Youzu (Singapore) PTE. Ltd (hereinafter referred to as "Youzu Singapore") to overseas Chinese Banking Corporation Limited (hereinafter referred to as "overseas Chinese bank"), The guarantee amount shall not exceed USD 5 million (corresponding to the equivalent amount of about RMB 31.842 million).
The above guarantees do not involve related party transactions and there is no counter guarantee. The guarantee matters announced in this announcement are within the external guarantee limit and authorization scope of 2021 approved by the 2020 annual general meeting of shareholders.
(II) review
On April 28, 2021 and June 29, 2021, the company held the 40th meeting of the Fifth Board of directors and the general meeting of shareholders in 2020, deliberated and adopted the proposal on the guarantee amount in 2021, and agreed that the company and its holding subsidiaries should provide a financing guarantee amount of no more than 2 million yuan for all companies within the scope of the company's consolidated statements, For details, see the announcement on the guarantee amount in 2021 and other announcements disclosed by the company. The specific guarantee matters occurred this time have been authorized by the general meeting of shareholders. The management of the company is specifically responsible for signing (or signing) relevant guarantee agreements with financial institutions one by one, and there is no need to hold another board of directors or general meeting of shareholders.
2、 Basic information of the guaranteed
Company name: Youzu (Singapore) PTE. Ltd
Date of establishment: January 13, 2015
Registered address: 29 media circle #09-01 North Tower Alice @ MEDIAPOLIS Singapore 138565
Legal representative: Xu Fenfen
Registered capital: USD 21 million
Main business: Mobile / web game R & D and distribution
Association with the company: Youzu (Singapore) PTE. Ltd. is a wholly-owned subsidiary of the company. As of September 30, 2021, Youzu Singapore had total assets of 1341827479.18 yuan, total liabilities of 807969950.56 yuan and net assets of 533857528.62 yuan. In the first three quarters of 2021, it realized operating income of 1191847307.30 yuan and total profit of 111631714.87 yuan, The net profit is 105740675.70 yuan, and the total amount involved in contingencies is 0 yuan.
As of December 31, 2020, the total assets of Youzu Singapore were 1122415547.03 yuan, the total liabilities were 694298694.11 yuan, and the net assets were 428116852.92 yuan. In 2020, the operating revenue was 2002755079.82 yuan, the total profit was 134187111.41 yuan, the net profit was 107123698.32 yuan, and the total amount involved in contingencies was 0 yuan.
Upon inquiry, Youzu (Singapore) PTE. Ltd has not conducted credit rating and is not a dishonest executee.
3、 Main contents of the guarantee agreement
Guarantor: Yoozoo Interactive Co.Ltd(002174)
Creditor: Overseas Chinese Banking Corporation Limited
Maximum amount of creditor's rights: USD 5 million (corresponding to about 31.842 million yuan)
Guarantee method: guarantee
Guarantee period: three years from the effective date of this guarantee contract.
Scope of guarantee: all or any amount of the due or unpaid balance of the principal creditor's right.
4、 Accumulated external guarantees and overdue guarantees
After this guarantee, the total amount of effective guarantee amount considered by the company and its holding subsidiaries is 2615 million yuan, accounting for 51.65% of the company's audited net assets attributable to the parent company in 2020; After the guarantee is provided, the total balance of external guarantee of the company and its holding subsidiaries is 366.842 million yuan, accounting for 7.25% of the company's audited net assets attributable to the parent company in 2020; The total balance of guarantees provided by the company and its holding subsidiaries to entities outside the consolidated statements is 0 yuan, accounting for 0% of the company's audited net assets attributable to the parent company in 2020. All external guarantees of the company are provided to wholly-owned subsidiaries. As of the announcement date, the company and its holding subsidiaries had no guarantee for other external units, no overdue guarantee amount or guarantee amount involved in litigation, and no loss amount to be borne due to the judgment of losing the guarantee.
It is hereby announced.
Yoozoo Interactive Co.Ltd(002174) board of directors January 11, 2022
