Securities code: Shanghai Geoharbour Construction Group Co.Ltd(605598) securities abbreviation: Shanghai Geoharbour Construction Group Co.Ltd(605598) Announcement No.: 2022021 Shanghai Geoharbour Construction Group Co.Ltd(605598) infrastructure (Group) Co., Ltd
About the scope of subsidiaries in 2022
Announcement of providing guarantee amount
The board of directors and all 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 note: the guaranteed party: the current guarantee amount of subsidiaries within the scope of the company’s consolidated statements: the total amount of guarantee is expected to not exceed RMB 890 million, and the cumulative amount of overdue external guarantee: none
1、 Overview of guarantee
According to the business development and daily business needs of the company and its subsidiaries, the company and its subsidiaries within the scope of consolidated statements intend to provide guarantees with a total amount of no more than RMB 890 million (or equivalent foreign currency) to subsidiaries within the scope of consolidated statements for comprehensive credit, loans, acceptance bills, letters of credit, factoring, letter of guarantee, asset pool, installment payment, etc. in the daily business activities of subsidiaries. The validity period of this guarantee is from the date when this proposal is deliberated and approved by the company’s 2021 annual general meeting to the date when the company’s 2022 annual general meeting is held. 2、 Expected main contents of this guarantee
The company and its subsidiaries within the scope of the consolidated statements are expected to provide guarantees with a total amount of no more than RMB 890 million (or equivalent foreign currency) to the subsidiaries within the scope of the consolidated statements for the subsidiaries to apply for comprehensive credit, loans, acceptance bills, letters of credit, factoring, letter of guarantee, asset pool, installment payment, etc. in their daily business activities. Among them, the amount of guarantee provided for subsidiaries with asset liability ratio of more than 70% shall not exceed RMB 490 million, and the amount of guarantee provided for subsidiaries with asset liability ratio of less than 70% shall not exceed RMB 400 million. The above guarantee amount is calculated based on the guarantee balance.
The company and its subsidiaries within the scope of consolidated statements can adjust the guarantee amount within an appropriate range according to the actual guarantee situation. Among them, subsidiaries with asset liability ratio higher than 70% can adjust their guarantee amount to subsidiaries with asset liability ratio lower than 70% within the scope of their guarantee amount; The guarantee amount of a subsidiary with an asset liability ratio of less than 70% cannot be adjusted to a subsidiary with an asset liability ratio of more than 70%.
Authorize the management of the company to decide and handle specific guarantee business within the above limit. The guarantee provided by the company includes guarantee, mortgage and pledge; The company may ask its subsidiaries to provide counter guarantee according to the actual situation. The specific guarantee amount, guarantee method and whether to provide counter guarantee shall be subject to the actually signed guarantee agreement. The guarantee period provided by the company shall not exceed 36 months. The validity period of this guarantee limit is from the date when this proposal is deliberated and approved by the company’s 2021 annual general meeting to the date when the company’s 2022 annual general meeting is held.
4、 Deliberations of the board of directors
On April 29, 2022, the company held the 10th meeting of the second board of directors, deliberated and approved the proposal on providing guarantee line for subsidiaries within the scope of consolidation in 2022, and agreed that the company and subsidiaries within the scope of consolidated statements are expected to provide guarantee with a total amount of no more than RMB 890 million (or equivalent foreign currency) to subsidiaries within the scope of consolidated statements for subsidiaries to apply for comprehensive credit in their daily business activities Loans, acceptance bills, letters of credit, factoring, letter of guarantee, asset pool, installment payment, etc. Among them, the amount of guarantee provided for subsidiaries with asset liability ratio of more than 70% shall not exceed RMB 490 million, and the amount of guarantee provided for subsidiaries with asset liability ratio of less than 70% shall not exceed RMB 400 million. The above guarantee amount is calculated based on the guarantee balance. This proposal needs to be submitted to the general meeting of shareholders of the company for deliberation.
5、 Accumulated external guarantees and overdue guarantees
Up to now, there is no external guarantee for the company and its subsidiaries within the consolidation scope; The company and its subsidiaries within the scope of merger have no overdue external guarantee. It is estimated that the total amount of guarantee in 2022 accounts for 63.36% of the company’s latest audited net assets.
It is hereby announced.
Shanghai Geoharbour Construction Group Co.Ltd(605598) infrastructure (Group) Co., Ltd. board of directors April 30, 2022
