Securities code: Jiangsu Alcha Aluminium Group Co.Ltd(002160) securities abbreviation: Jiangsu Alcha Aluminium Group Co.Ltd(002160) Announcement No.: 2022032 Jiangsu Alcha Aluminium Group Co.Ltd(002160)
Announcement on the use of accounts receivable pledge to provide guarantee for corporate financing
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、 Transaction overview
In order to broaden financing channels and promote the business development of the company, Jiangsu Alcha Aluminium Group Co.Ltd(002160) (hereinafter referred to as “the company”) and its subsidiaries intend to apply to China’s commercial banks and other financial institutions with relevant business qualifications for accounts receivable pledge guarantee financing of no more than 200 million yuan. The use period of the above quota is valid within 12 months from the date of deliberation and approval by the general meeting of shareholders of the company. Within the above quota and validity period, it can be recycled and rolled.
The pledge and guarantee business of accounts receivable does not constitute a connected transaction, nor does it constitute a major asset reorganization stipulated in the administrative measures for major asset reorganization of listed companies.
2、 Review procedure
Jiangsu Alcha Aluminium Group Co.Ltd(002160) (hereinafter referred to as “the company”) held the 20th meeting of the 6th board of directors on April 25, 2022, deliberated and adopted the proposal on using accounts receivable pledge to provide guarantee for the financing of the company, which needs to be submitted to the 2021 annual general meeting of shareholders of the company for deliberation and approval.
3、 Counterparty
Commercial banks and other financial institutions with relevant business qualifications in China.
There is no relationship between the counterparty and the company and the shareholders holding more than 5% of the company in terms of property rights, business, assets, creditor’s rights, debts and personnel that may or has caused the listed company to tilt its interests.
4、 Impact on the company
The company’s pledge assets with low liquidity can be transformed into receivables with high cash liquidity. At the same time, it can broaden financing channels and reduce the adverse impact of changes in bank credit policies on the company. This accounts receivable pledge guarantee business can make a beneficial supplement to the company’s existing capital acquisition methods and is conducive to the development of the company’s business.
5、 Opinions of the board of directors
The board of directors of the company believes that the company’s accounts receivable pledge financing activities this year are the planning required by the company according to the actual business situation, which is conducive to the expansion of the company’s financing channels and the company’s business development, and in line with the interests of the company and all shareholders.
6、 Documents for future reference
1. Resolution of the 20th meeting of the 6th board of directors of the company
It is hereby announced.
Jiangsu Alcha Aluminium Group Co.Ltd(002160) board of directors may 5, 2002
