Securities code: 002723 securities abbreviation: Kennede Electronics Mfg.Co.Ltd(002723) announcement Code: 2022-013 Kennede Electronics Mfg.Co.Ltd(002723)
Announcement on the progress of wholly owned subsidiaries in carrying out financial leasing business
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、 Business Overview
Kennede Electronics Mfg.Co.Ltd(002723) (hereinafter referred to as ” Kennede Electronics Mfg.Co.Ltd(002723) ” or “the company”) held the 10th meeting of the 5th board of directors and the 9th meeting of the 5th board of supervisors on January 8, 2021, and deliberated and adopted the proposal on the proposed financial leasing business of wholly-owned subsidiaries and the proposal on providing guarantee for the financial leasing business of wholly-owned subsidiaries, The subsidiary Guangdong Kennede Electronics Mfg.Co.Ltd(002723) Intelligent Technology Co., Ltd. (hereinafter referred to as ” Kennede Electronics Mfg.Co.Ltd(002723) intelligent”) carries out financing leasing business with Jiangxi Poyang Lake Financial Leasing Co., Ltd. (hereinafter referred to as “Jiangxi Poyang Lake leasing” or “lessor”) in order to revitalize the stock assets and meet the needs of business development, The Kennede Electronics Mfg.Co.Ltd(002723) intelligent production machinery and equipment are leased with Poyang Lake in Jiangxi in the form of “sale and leaseback”. The total principal of the financial lease does not exceed RMB 165000000, which is paid in installments, and the financial leaseback period is three years. During the lease term, the company will continue to use the equipment included in the “sale and leaseback” by means of leaseback, and pay the rent and expenses to the lessor on schedule. After the lease expires, the Lessor will transfer the machinery and equipment involved in the financial lease to Kennede Electronics Mfg.Co.Ltd(002723) intelligent for a total of no more than 200 yuan. The above financial leasing business is guaranteed by the company, Mr. Jiang Xu, the director of the company, Pingxiang xurong Real Estate Co., Ltd. and Nanchang Baoxu Real Estate Co., Ltd.
This transaction does not constitute a connected transaction, nor does it constitute a major asset reorganization as stipulated in the administrative measures for major asset reorganization of listed companies. According to the Listing Rules of Shenzhen Stock Exchange and the articles of association and other relevant systems, the amount of financial lease is within the decision-making scope of the board of directors and does not need to be submitted to the general meeting of shareholders for deliberation. The company is a wholly-owned subsidiary Kennede Electronics Mfg.Co.Ltd(002723) intelligent guarantee, which has been deliberated and approved at the first extraordinary general meeting of shareholders in 2021 held by the company on January 26, 2021. For details, please refer to cninfo.com, the designated information disclosure media, published by the company on January 9, 2021 and January 27, 2021（ http://cninfo.com.cn. ）Announcement on the proposed financial leasing business of the wholly-owned subsidiary (Announcement No.: 2021-004), announcement on providing guarantee for the financial leasing business of the wholly-owned subsidiary (Announcement No.: 2021-005), announcement on the resolution of the first extraordinary general meeting of shareholders in 2021 (Announcement No.: 2021-013) and relevant announcements.
2、 Business progress
Recently, the company and its wholly-owned subsidiary Kennede Electronics Mfg.Co.Ltd(002723) smart have signed the guarantee contract, sales contract and financial lease contract with Jiangxi Poyang Lake leasing respectively. Jiangxi Poyang Lake leasing will pay Kennede Electronics Mfg.Co.Ltd(002723) smart 45 million yuan of financial lease within 20 working days after the signing of the above agreement, The joint liability guarantee of 45 million yuan provided by the company for Kennede Electronics Mfg.Co.Ltd(002723) intelligence is within the amount of 165 million yuan deliberated and approved by the above general meeting of shareholders. As of the date of this announcement, a total of 165 million yuan of financial leasing funds had been issued for this financial leasing business, and the company’s cumulative guarantee amount for this financial leasing business was 165 million yuan. As of the date of this announcement, the company’s guarantee balance for Kennede Electronics Mfg.Co.Ltd(002723) intelligence was RMB 270 million, accounting for 42.32% of the company’s latest audited net assets.
3、 Documents for future reference
1. Sales contract;
2. Financial lease contract;
3. Guarantee contract.
It is hereby announced.
Kennede Electronics Mfg.Co.Ltd(002723) board of directors January 14, 2022
