Xinjiang Zhundong Petroleum Technology Co.Ltd(002207)
XINJIANGZHUNDONGPETROTECHCO., LTD
Securities code: Xinjiang Zhundong Petroleum Technology Co.Ltd(002207) securities abbreviation: Xinjiang Zhundong Petroleum Technology Co.Ltd(002207) Announcement No.: 2022040 Xinjiang Zhundong Petroleum Technology Co.Ltd(002207)
Announcement on the progress of receiving funds borrowed by controlling shareholders and related party transactions
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.
On April 27, 2020, Xinjiang Zhundong Petroleum Technology Co.Ltd(002207) (hereinafter referred to as "the company") issued the announcement on new loans and related party transactions from controlling shareholders (Announcement No.: 2020031) on the designated information disclosure media. After deliberation and approval at the 19th (Interim) meeting of the sixth board of directors, the company agreed to borrow no more than 30 million yuan from the controlling shareholder Huzhou Yanrun investment management partnership (limited partnership) (hereinafter referred to as "Yanrun investment"). The company will handle it in batches according to the actual capital demand. The term of each loan shall not exceed 12 months, and the annualized loan interest rate shall not exceed 13.50%. The interest shall be calculated according to the actual use date.
In actual operation, the company tries to obtain low-cost financial support by disposing the asset group of construction in progress and strengthening communication with banks and other financial institutions. Affected by the repeated epidemic situation and the adjustment of customer settlement methods, the company's business collection time is prolonged and the capital return is slow, resulting in a large increase in the balance of accounts receivable; At the same time, due to the repayment of bank loans and new loans, the procedures can only be started after the disclosure of the company's annual report, which is currently in the process of handling; Recently, various businesses of the company have started one after another and the advance payment has increased, resulting in the tight turnover of working capital and a short-term "green and yellow" situation.
In order to meet the needs of the company's production and operation funds, the company and Yanrun investment have recently gone through relevant procedures for the use of funds. On May 18, 2022, the company received the first capital borrowed of 6.5 million yuan and the interest rate of funds used was 11% / year. As of the disclosure date of this announcement, the total amount of various related party transactions between the company and Yanrun investment in recent 12 months is 6.5 million yuan.
It is hereby announced. This announcement does not constitute any investment proposal, and investors should not substitute such information for their independent judgment or make decisions only based on such information. The information disclosure media designated by the company are securities times, China Securities News and cninfo (www.cn. Info. Com. CN), All information shall be subject to the announcements and information disclosure documents published in the above designated information disclosure media. Please pay attention to relevant announcements and pay attention to investment risks.
Xinjiang Zhundong Petroleum Technology Co.Ltd(002207)
Board of directors
May 20, 2022
