Securities abbreviation: Guangzhou Lingnan Group Holdings Company Limited(000524) securities code: 000524 Announcement No.: 2022-005
Guangzhou Lingnan Group Holding Co., Ltd
Announcement on providing financial assistance to subsidiaries
Important note: 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.
Important content tips:
1. In order to support the operation and development of the subsidiary of Guangzhou Lingnan Group Holdings Company Limited(000524) (hereinafter referred to as the "company") and reduce its financing cost, the company plans to provide financial assistance of no more than RMB 17 million to the wholly-owned subsidiary Guangzhou Garden Hotel Co., Ltd. (hereinafter referred to as the "Garden Hotel") with its own funds, Provide financial assistance of no more than RMB 300 million to China Hotel, a wholly-owned subsidiary, and no more than RMB 30 million to Guangzhou Lingnan International Hotel Management Co., Ltd. (hereinafter referred to as "Lingnan Hotel"), Provide financial assistance of no more than RMB 200 million to the holding subsidiary Guangzhou guangzhilv International Travel Agency Co., Ltd. (hereinafter referred to as "guangzhilv"), and the above financial assistance can be recycled within the limit. Among them, the term of providing financial assistance to Garden Hotel, China Hotel and Lingnan hotel is from January 17, 2022 to January 16, 2023, and no fund use fee is charged; The term of providing financial assistance to guangzhilv is from March 10, 2022 to March 9, 2023, and the fund use fee is charged according to the actual loan amount. The fund use fee is charged by 15 basis points lower than the one-year loan market quotation interest rate (LPR) published by the national interbank lending center one working day before the signing of the financial assistance agreement.
2. The 19th meeting of the 10th Session of the board of directors of the company deliberated and adopted the proposal on providing financial assistance to subsidiaries on January 14, 2022, and agreed to the company's provision of financial assistance to subsidiaries.
1、 Overview of financial assistance
In order to support the operation and development of the company's subsidiaries, the 7th Meeting of the 10th board of directors agreed on January 15, 2021 that the company would provide financial assistance of no more than 195 million yuan to the wholly-owned subsidiary garden hotel with its own funds and no more than 275 million yuan to the wholly-owned subsidiary China hotel, Provide financial assistance of no more than 30 million yuan to Lingnan Hotel, a wholly-owned subsidiary, from January 17, 2021 to January 16, 2021; On March 9, 2021, the 8th meeting of the 10th Session of the board of directors agreed that the company would provide financial assistance of no more than RMB 200 million to the holding subsidiary guangzhilv with its own funds for the period from March 10, 2021 to March 9, 2022.
Whereas the above financial support for Garden Hotel, China wine Hotel and Lingnan hotel will expire on January 16, 2022, and the financial support for guangzhilv will expire on March 9, 2022. In order to continue to support the operation and development of wholly-owned subsidiary Garden Hotel, China Hotel, Lingnan Hotel and holding subsidiary guangzhilv and reduce its financing cost, Without affecting the normal production and operation of the company, the company plans to provide financial assistance of no more than RMB 170 million to the wholly-owned subsidiary Garden Hotel, no more than RMB 300 million to the wholly-owned subsidiary China Hotel, and no more than RMB 30 million to the wholly-owned subsidiary Lingnan hotel, Provide financial assistance of no more than RMB 200 million to the holding subsidiary guangzhilv, and the above financial assistance can be recycled within the limit. Among them, the term of providing financial assistance to Garden Hotel, China Hotel and Lingnan hotel is from January 17, 2022 to January 16, 2023. Since Garden Hotel, China Hotel and Lingnan hotel are wholly-owned subsidiaries of the company, the above financial assistance will not charge fund use fee; The term of providing financial assistance to guangzhilv is from March 10, 2022 to March 9, 2023, and the fund use fee is charged according to the actual loan amount. The fund use fee is based on the one-year loan market quotation rate (LPR) published by the national interbank lending center one working day before signing the financial assistance agreement, Charged by 15 basis points lower than the benchmark interest rate.
The above-mentioned provision of financial assistance to subsidiaries does not belong to the situation that financial assistance shall not be provided as stipulated in the stock listing rules of Shenzhen Stock Exchange and the guidelines for self discipline supervision of listed companies No. 1 - standardized operation of listed companies on the main board.
The company held the 19th meeting of the 10th Session of the board of directors on January 14, 2022 and adopted the proposal on providing financial assistance to subsidiaries with 8 affirmative votes, 0 negative votes and 0 abstention votes. According to the above resolutions of the board of directors, the company signed the financial assistance agreement with Garden Hotel, China Hotel, Lingnan Hotel and guangzhilv at No. 120, Liuhua Road, Guangzhou on January 14, 2022.
According to the provisions of relevant laws and regulations such as the stock listing rules of Shenzhen Stock Exchange, the self regulatory guidelines for listed companies No. 1 - standardized operation of listed companies on the main board and the articles of association, the above matters of providing financial assistance to Garden Hotel, China Hotel, Lingnan Hotel and guangzhilv, a wholly-owned subsidiary of the company, do not constitute related party transactions, Moreover, the above amount of financial assistance is within the decision-making authority of the board of directors of the company and does not need to be submitted to the general meeting of shareholders of the company for deliberation.
2、 Basic information of financial aid recipients
(I) Guangzhou Garden Hotel Co., Ltd
1. Company name: Guangzhou Garden Hotel Co., Ltd
2. Date of establishment: September 10, 1984
3. Enterprise type: limited liability company (sole proprietorship of legal person)
4. Registration place: No. 368, Huanshi East Road, Yuexiu District, Guangzhou
5. Legal representative: Li Feng
6. Registered capital: RMB 290 million
7. Unified social credit Code: 9144010161842841u
8. Business scope: hotel accommodation services (Tourism); natatorium; Entertainment activities in song and dance halls; Chinese food service; Professional parking service; Copy services; Health massage; Sauna, sweat steaming; Bar service; Western food service; Barber Service; Personal local and foreign currency exchange; Production and sale of hot and cold drinks; Cafe services; Retail of books and newspapers; Alcohol retail; Retail of tobacco products; Commodity wholesale trade (except for licensed and approved commodities); Site leasing (excluding warehousing); Conference and exhibition services; Passenger ticket agent; Domestic cleaning and disinfection services; Retail trade of commodities (excluding licensed commodities).
9. Ownership structure: the company holds 100% of the equity of garden hotel.
10. Operating and financial status:
Guangzhou Garden Hotel Co., Ltd. was established in 1984. Its main business is hotel operation and management, mainly providing comprehensive services such as hotel accommodation, catering, conference and commercial property. In 2020, the audited total assets of garden hotel were 665876184.89 yuan, the total liabilities were 290707118.11 yuan, the owner's equity attributable to the parent company was 375169066.78 yuan, the operating income was 279914484.50 yuan, and the net profit attributable to the owner of the parent company was -35265951.65 yuan. Garden Hotel is in good credit condition, and its tax credit rating in 2020 is a.
11. Description of association relationship: the company holds 100% equity of Garden Hotel, which is a wholly-owned subsidiary of the company and does not belong to the association relationship with the company as stipulated in the stock listing rules of Shenzhen Stock Exchange and other regulations.
12. Financial assistance provided to the object in the previous fiscal year: on January 15, 2021, the 7th Meeting of the 10th board of directors of the company deliberated and adopted the proposal on providing financial assistance to the wholly-owned subsidiary, and agreed to provide financial assistance of no more than 195 million yuan to the wholly-owned subsidiary garden hotel with its own funds. The above financial assistance can be recycled within the limit, and the period is from January 17, 2021 to January 16, 2022. The company does not fail to pay off the financial assistance in time after the expiration.
13. Performance ability: Guangzhou Garden Hotel is one of the first three hotels in China selected by the National Tourism Administration and the only platinum five-star hotel in South China. Garden Hotel is not a dishonest person and has good performance ability.
(II) China Hotel
1. Company name: China Hotel
2. Date of establishment: September 5, 1983
3. Enterprise type: limited liability company (sole proprietorship of legal person)
4. Registration place: No. 122, Liuhua Road, Yuexiu District, Guangzhou
5. Legal representative: Chen Ruiming
6. Registered capital: RMB 80 million
7. Unified social credit Code: 91440101618404883g
8. Business scope: hotel accommodation services (Tourism); Bowling services; Business printing service; House leasing; Site leasing (excluding warehousing); Sports venue services (except natatorium); Conference and exhibition services; laundry service; Ticket Service; Fitness services; Self owned real estate business activities; Translation services; Parking lot operation; Bar service; Retail of tobacco products; natatorium; Electronic entertainment hall entertainment activities; Bulk food retail; Retail of prepackaged food; Retail of dairy products; Western food service; Retail of books and newspapers; Production and sale of hot and cold drinks; Health massage; Sauna, sweat steaming; Entertainment activities in song and dance halls; Alcohol retail; Chinese food service; Cafe services; Catering and distribution services.
9. Ownership structure: the company holds 100% equity of China hotel.
10. Operating and financial status:
China hotel was established in 1983. Its main business is hotel operation and management, mainly providing comprehensive services such as hotel accommodation, catering, conference and commercial property. In 2020, the audited total assets of China hotel were 439481609.77 yuan, the total liabilities were 327221592.56 yuan, the owner's equity attributable to the parent company was 112260017.21 yuan, the operating income was 168802986.82 yuan, and the net profit attributable to the owner of the parent company was -29505274.37 yuan. The credit status of China hotel is good, and the tax credit rating in 2020 is a.
11. Description of association relationship: the company holds 100% equity of China hotel. China hotel is a wholly-owned subsidiary of the company and does not belong to the association relationship with the company as stipulated in the stock listing rules of Shenzhen Stock Exchange and other regulations.
12. Financial assistance provided to the target in the previous fiscal year: on January 15, 2021, the 7th Meeting of the 10th board of directors of the company considered and adopted the proposal on providing financial assistance to the wholly-owned subsidiary, and agreed to provide financial assistance of no more than RMB 275 million to the wholly-owned subsidiary China hotel with its own funds. The above financial assistance can be recycled within the limit, and the period is from January 17, 2021 to January 16, 2022. The company does not fail to pay off the financial assistance in time after the expiration. 13. Performance capability: China hotel is a wholly-owned subsidiary of the company. It is one of the first five-star hotels in China. It is an important place for high-end business government meetings and banquet reception in Guangzhou. China hotel is not a dishonest person and has good performance ability.
(III) Guangzhou Lingnan International Hotel Management Co., Ltd
1. Company name: Guangzhou Lingnan International Hotel Management Co., Ltd
2. Date of establishment: December 15, 1998
3. Enterprise type: limited liability company (solely state-owned)
4. Registered address: room 1262-64, China hotel commercial building, No. 122, Liuhua Road, Yuexiu District, Guangzhou
5. Legal representative: Li Feng
6. Registered capital: RMB 10 million
7. Unified social credit Code: 91440101712468437j
8. Business scope: Catering Management; hotel management; estate management; Enterprise management services (except those involving licensed business projects); Commodity wholesale trade (except for licensed and approved commodities); Retail trade of commodities (excluding licensed commodities); Ticket Service; Dried seafood retail; Audio and video equipment leasing; Retail chilled meat (pork, beef and mutton only); Chess and card services; Cleaning, cleaning and retail of daily necessities; Business card printing service; Postal agency business; Office equipment leasing services; Site leasing (excluding warehousing); Computer spray painting and printing services; Frozen meat retail; advertising; Training for hotel employees; Self owned real estate business activities; Language training; Stationery retail; Retail of potted plants; Retail of gifts and flowers; Flower rental service; Entertainment retail; Retail of aquatic products; Retail of cosmetics and sanitary products; Computer typing, input, proofreading and printing services; Business printing service; Vegetable retail; Fitness services; Translation services; Sports venue services (except natatorium); Provide tourism, transportation, accommodation, catering and other agency services to tourists (not involving travel agency business); Parking lot operation; House leasing; Fruit retail; Retail of dried fruits and nuts; Sanitary ware retail; Domestic cleaning and disinfection services; Fax and telephone services; Recharge card sales; Indoor non shooting, non ball games and non chess and card competitive entertainment activities (excluding electronic entertainment, rock climbing and trampoline); laundry service; Comprehensive retail of daily necessities; Passenger ticket agent; Department store retail (excluding food retail); Baggage handling services; Car Rental; Conference and exhibition services; Lighting equipment leasing; Vocational skill training (excluding vocational skill training projects that can be operated only after obtaining permission and approval); Office services; Egg retail; Retail of trinkets and gifts; Retail of prepackaged food; Prepackaged food
