Securities code: Jiangxi Selon Industrial Co.Ltd(002748) securities abbreviation: Jiangxi Selon Industrial Co.Ltd(002748) Announcement No.: 2022026 Jiangxi Selon Industrial Co.Ltd(002748)
Announcement on foreign investment in the establishment of domestic wholly-owned 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 foreign investment
Jiangxi Selon Industrial Co.Ltd(002748) (hereinafter referred to as "the company") held the third meeting of the Fifth Board of directors on April 26, 2022, deliberated and adopted the proposal on foreign investment in the establishment of domestic wholly-owned subsidiaries. In order to meet the needs of the company's business development, promote the all-round expansion and innovation of the company's business structure, ensure the smooth implementation of the company's future industrial strategy and create good economic benefits for the company, To enhance the comprehensive strength and competitiveness of the listed company, the board of directors agreed that the company would invest 20 million yuan of its own funds to establish a wholly-owned domestic subsidiary - Shanghai Fushui import and Export Co., Ltd. (subject to the approval of the Department of industry and Commerce).
This foreign investment does not constitute related party transactions and major asset restructuring stipulated in the administrative measures for major asset restructuring of listed companies. According to the relevant provisions of the articles of association, this investment will take effect after being deliberated and approved by the board of directors of the company, and it is not necessary to submit it to the general meeting of shareholders for deliberation.
2、 Basic information of investment object
1. Company name: Shanghai Fushui import and Export Co., Ltd
2. Company type: limited liability company
3. Registered capital: 20 million yuan
4. Registered address: Shanghai Free Trade Zone
5. Source of funds: the company's own funds
6. Business scope: Wholesale and retail of chemical raw materials and products (except hazardous chemicals, MCCs, civil explosives and precursor chemicals), mineral products, hardware and electrical equipment, clothing and electromechanical equipment, operation of hazardous chemicals (see license for specific projects), import and export of goods and technology, leasing of self owned equipment, design and production of various advertisements, professional construction of building decoration and construction engineering, China freight forwarder.
7. Mode and proportion of capital contribution: the company is a wholly-owned subsidiary in China and holds 100% equity.
(the above contents shall be subject to the approval and registration of the local competent department)
3、 Purpose of investment and establishment of subsidiaries and its impact on the company
The proposed investment and establishment of domestic subsidiaries is an important measure to meet the needs of the company's business development, promote the comprehensive expansion and innovation of the company's business structure, and implement the strategic layout of overseas markets. The company can make full use of the preferential policies of Shanghai free trade zone to provide strong support for developing foreign trade business. The establishment of domestic wholly-owned subsidiaries by this foreign investment is conducive to accelerating the expansion and extension of the company's business, improving the company's core competitiveness and overall profitability, and promoting the comprehensive and healthy development of the company.
All the funds required for this investment come from the company's own funds and will not have a significant impact on the company's financial status and operating results.
According to the follow-up progress of the above matters, the company will timely perform the obligation of information disclosure in accordance with the provisions of the company law, the securities law, the measures for the administration of information disclosure of listed companies and other relevant laws and regulations.
4、 Documents for future reference
1. Resolution of the 3rd meeting of the 5th board of directors of the company
It is hereby announced.
Jiangxi Selon Industrial Co.Ltd(002748) board of directors
April 26, 2002
