Securities code: 000671 securities abbreviation: Yango Group Co.Ltd(000671) Announcement No.: 2022-011
Progress announcement on providing guarantee for subsidiary Changsha zhongpan real estate
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.
Special risk tips
Up to now, the actual amount of guarantee provided by the company and its holding subsidiaries to participating companies is 18.63 billion yuan, accounting for 60.70% of the net assets attributable to the parent company in the latest audited consolidated statements. The actual amount of guarantee provided by the company and its holding subsidiaries for other holding subsidiaries with asset liability ratio of more than 70% was 69.533 billion yuan, and the actual amount of guarantee provided by the company and its holding subsidiaries for other holding subsidiaries with asset liability ratio of less than 70% was 6.014 billion yuan. The actual amount of the above three types of guarantees is 94.177 billion yuan, which exceeds 100% of the net assets attributable to the parent company in the latest audited consolidated statements, and the amount of guarantees to units with an asset liability ratio of more than 70% exceeds 50% of the company’s latest audited net assets. In addition to the above three types of guarantees, the company has no other external guarantees. Please pay full attention to it.
Yango Group Co.Ltd(000671) (hereinafter referred to as “the company”) disclosed the announcement of Yango Group Co.Ltd(000671) on providing guarantee for the subsidiary Changsha zhongpan real estate (Announcement No.: 2021-203) on the designated information disclosure media on November 11, 2021, Changsha zhongpan Real Estate Co., Ltd. (hereinafter referred to as “Changsha zhongpan real estate”), a subsidiary of the company with 100% equity, receives no more than 1.61 billion yuan of financing provided by Minmetals International Trust Co., Ltd. (hereinafter referred to as “Minmetals trust”), of which the first amount does not exceed 400 million yuan. The specific amount shall be subject to the actual offering, and the total term shall not exceed 24 months, As a guarantee condition: Wuhan xintairan Real Estate Development Co., Ltd. (hereinafter referred to as “Wuhan xintairan”), a wholly-owned subsidiary of the company, provides mortgage for some properties under its name; Sunan Yango Group Co.Ltd(000671) real estate (Suzhou) Co., Ltd. (hereinafter referred to as “Sunan Yango Group Co.Ltd(000671) “), a wholly-owned subsidiary of the company, provides transfer guarantee with its 94% equity of Hunan Zhongzheng Real Estate Development Co., Ltd. (hereinafter referred to as “Hunan Zhongzheng”); Pledge of 100% equity of Wuhan xintairan; The company provides 100% joint and several liability guarantee for the financing of Changsha zhongpan real estate; Hunan Zhongzheng, as the co debtor of the financing of Changsha zhongpan real estate, jointly and severally undertakes all debts. Within the above guarantee limit, the financial institutions and specific guarantee conditions involved in this guarantee shall be subject to the actually signed contract. According to the actual situation of this guarantee, Fujian Zhenyang Real Estate Development Co., Ltd. (hereinafter referred to as “Fujian Zhenyang real estate”), a wholly-owned subsidiary of the company, is added as the co debtor to provide mortgage for the accounts receivable of Fujian Zhenyang real estate and its commercial and underground garages, pledge 100% equity of Fujian Zhenyang real estate, and other financing amounts, terms The guarantee conditions remain unchanged.
It is hereby announced.
Yango Group Co.Ltd(000671) board of directors
January 14, 2002
