Xing Securities Co., Ltd
About Hitevision Co.Ltd(002955) and its subsidiaries
Provide customers with verification opinions on buyer's credit guarantee
Dongxing Securities Corporation Limited(601198) (hereinafter referred to as " Dongxing Securities Corporation Limited(601198) " or "recommendation institution") is a recommendation institution for initial public offering, listing and continuous supervision of Hitevision Co.Ltd(002955) (hereinafter referred to as " Hitevision Co.Ltd(002955) " or "company"), In accordance with relevant laws and regulations and normative documents such as the administrative measures for securities issuance and listing recommendation business, the stock listing rules of Shenzhen Stock Exchange, the guidelines for self discipline supervision of listed companies of Shenzhen Stock Exchange No. 1 - standardized operation of listed companies on the main board, the relevant matters of Hitevision Co.Ltd(002955) and its holding subsidiaries providing buyer's credit guarantee for customers have been verified. The verification results and verification opinions are as follows:
1、 Overview of guarantee
The company and its subsidiaries (hereinafter referred to as "the seller") intend to carry out buyer's credit business with the cooperative bank, that is, to sell products to some reputable customers (hereinafter referred to as "the buyer") by means of "seller guarantees buyer's financing". Based on the purchase and sales contract signed by the buyer and the seller, and under the condition that the company and its subsidiaries provide joint and several liability guarantee, the bank provides the buyer with financing business for purchasing goods from the seller. According to the business development, on the premise that the buyer provides counter guarantee measures to the company and its subsidiaries, the company and its subsidiaries intend to provide the buyer with a buyer's credit guarantee with an accumulated amount of no more than 200 million yuan, which can be used on a rolling basis within the above limit, and the guarantee is valid from the date of deliberation and approval of the company's 2021 annual general meeting to the date of holding the company's 2022 annual general meeting.
For the specific guarantee matters occurring within the above period and within the quota, on the premise of the approval of the above guarantee matters by the general meeting of shareholders, the general meeting of shareholders shall be requested to authorize the management of the company to handle and implement relevant matters and sign relevant documents, and no separate board of directors or general meeting of shareholders shall be held. The guarantee beyond the above limit and circumstances can be implemented only after the board of directors or the general meeting of shareholders deliberates and makes a resolution in accordance with relevant regulations.
2、 Basic information of the guaranteed
The buyer and its subsidiaries purchase the products with good credit. The guarantor of buyer's credit shall be subject to the actual occurrence of specific business. Customers who intend to implement buyer's credit are customers with good reputation and bank loan conditions, and must also meet all the following conditions:
1. Core dealers that meet the company's classification standards;
2. In principle, the asset liability ratio of customers in the last three years shall not be higher than 70%; The establishment time of the customer shall not be less than one year; The customer is not an affiliated enterprise of the company; The customer shall provide corresponding counter guarantee measures.
3、 Main contents of guarantee matters
According to the needs of business development, the company and its subsidiaries provide qualified customers with buyer's credit guarantee with an accumulated amount of no more than 200 million yuan, which can be used in a rolling manner within the above limit. The guarantee is valid from the date of deliberation and approval at the 2021 annual general meeting to the date of holding the 2022 annual general meeting of the company. The specific contents of the buyer's credit guarantee agreement shall be subject to the actual occurrence of specific business. When the buyer's credit business actually occurs, the company and its subsidiaries, cooperative banks and customers will sign cooperation agreements or guarantee contracts and other relevant documents.
4、 Impact, risk and risk control measures of the matter
The company's buyer's credit guarantee business helps the company to explore the market, develop customers, improve the contract performance ability of target customers and improve the recovery efficiency of payment for goods. However, at the same time, there are also risks of customer repayment and overdue guarantee. In order to strengthen the risk control of buyer's credit business, the company will take the following risk control measures:
1. Before providing guarantee for customers' sales loans, the company will carefully select customers according to the screening criteria and conduct strict review within the company. If the customer has any of the following circumstances, the buyer's credit business will not be considered: (1) there have been losses in the last three consecutive years; (2) Contingent liabilities are expected to have a significant impact on its operation and financial status; (3) Other situations identified as causing significant risks.
2. After the loan of the buyer's credit business, the project manager and the finance department will be jointly responsible for the tracking and monitoring after the loan, including regular on-site return visits to customers, continuous attention to the situation of guaranteed customers, collection of the latest financial data and audit reports of guaranteed customers, regular analysis of their financial status and solvency, and attention to their production and operation, assets and liabilities, external guarantee, division and merger Establish relevant accounts and report to the board of directors regularly on the change of legal representative.
3. The company will require the customer to provide counter guarantee measures.
5、 Verification opinions of the recommendation institution
After verification, the recommendation institution believes that the above matters have been deliberated and adopted at the 12th meeting of the second board of directors, and the independent directors of the company have issued clear consent opinions, which meet the requirements of laws, regulations and normative documents such as the company law of the people's Republic of China, the Listing Rules of Shenzhen Stock Exchange and the provisions of the articles of association. This matter needs to be submitted to the general meeting of shareholders of the company for deliberation, There is no behavior damaging the interests of the company and shareholders Dongxing Securities Corporation Limited(601198) April 27, 2022
