Securities code: Souyute Group Co.Ltd(002503) securities abbreviation: Souyute Group Co.Ltd(002503) Announcement No.: 2022049 convertible bond Code: 128100 convertible bond abbreviation: soute convertible bond
Announcement on the freezing of some new overdue debts and some assets
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、 Basic information of the company’s new overdue debts
Souyute Group Co.Ltd(002503) (hereinafter referred to as “the company”) was established on April 29, 2021, July 3, 2021, August 30, 2021, December 17, 2021, February 11, 2022 On April 23, 2022, it disclosed “2021044: Announcement on overdue debts and frozen assets of the company”, “2021057: Announcement on freezing new overdue debts and assets”, “2021085: Announcement on freezing new overdue debts and assets”, “2021104: Announcement on freezing new overdue debts and assets” 2022007: Announcement on the freezing of some new overdue debts and some assets and 2022028: Announcement on the freezing of some new overdue debts and some assets disclosed the overdue debts and the freezing of some bank accounts and assets of the company and some subsidiaries as of April 22, 2022. For details, please refer to cninfo.com（ http://www.cn.info.com.cn. ）And relevant announcements on the securities times and other media.
According to the statistics and verification of the company’s financial department, from April 23, 2022 to May 18, 2022, the company and its subsidiaries added a total of 952827 million yuan of overdue debts, accounting for 28.30% of the company’s audited net assets of 336747 million yuan in 2021. The details are as follows:
Debtor creditor overdue principal due date debt type
No. (10000 yuan)
Souyute Group Co.Ltd(002503) Group China China Construction Bank Corporation(601939) Co., Ltd
1 Co., Ltd. Dongguan Branch 2990 Shanghai Kehua Bio-Engineering Co.Ltd(002022) / 4 / 24 working capital loan department
2 1420 Shanghai Kehua Bio-Engineering Co.Ltd(002022) / 5 / 18 working capital loan 3 Dongguan Soyu 1280 Shanghai Kehua Bio-Engineering Co.Ltd(002022) / 5 / 18 working capital loan 4 special supply chain management Dongguan Rural Commercial Bank shares 2348272022 / 5 / 18 working capital loan management Co., Ltd. Daojiao sub branch
5 490. Shanghai Kehua Bio-Engineering Co.Ltd(002022) / 5 / 18 working capital loan 6 1 China Vanke Co.Ltd(000002) 022 / 5 / 18 working capital loan
Total 952827
Note: the above overdue principal penalty does not include liquidated damages, late fees and default interest caused by overdue.
As of May 18, 2022, the overdue debts of the company and its subsidiaries totaled 3226588300 yuan, accounting for 958.16% of the company’s audited net assets of 336747000 yuan in 2021.
2、 Basic information about the freezing of new bank accounts of the company
From April 23, 2022 to May 18, 2022, the freezing of new bank accounts of the company and its subsidiaries is as follows:
No. company name account no. of deposit bank account No. frozen account amount (RMB)
1 Souyute Group Co.Ltd(002503) group shares Guangdong Nanyue bank Dongguan 940 333 general account 0
Copy Co., Ltd. Branch Sales Department
Guangzhou Jiya special supply Bank Of Communications Co.Ltd(601328) Guangzhou Wuyang
2 YINGLIAN Management Co., Ltd. sub branch 441 826 general account 4230737
company
Total 4230737
3、 Basic information about the freezing and sealing up of new assets of the company
During the period from April 23, 2022 to May 18, 2022, no new assets of the company were frozen or sealed up.
4、 Impact on the company and risk tips
1. Due to overdue debts, the company may face the need to pay relevant liquidated damages, late fees and default interest, resulting in an increase in the company’s financial expenses. Overdue debts will lead to the decline of the company’s financing capacity, aggravate the company’s capital shortage and adversely affect the company’s business development. The company may face further expansion risks such as litigation and arbitration, freezing of bank accounts and sealing up of assets due to overdue debts, which may have a certain impact on the company’s production and operation activities.
2. As of May 18, 2022, the company and its wholly-owned subsidiaries, Dongguan Souyute Group Co.Ltd(002503) Supply Chain Management Co., Ltd., Dongguan Souyute Group Co.Ltd(002503) Brand Management Co., Ltd., Dongguan Souyute Group Co.Ltd(002503) medical supplies Co., Ltd., Shenzhen Qianhai soyin commercial factoring Co., Ltd. and Guangzhou Jite supply chain Management Co., Ltd., have frozen 90 bank accounts in total, Accounting for 66.18% of the total 136 accounts of the above companies (excluding general accounts in foreign currency, special accounts for margin, special accounts for raised funds and other special accounts); The total amount of the frozen fund balance is 147364 million yuan, accounting for 4.38% of the company’s audited net assets of 336747 million yuan in 2021, and 4.25% of the audited monetary fund balance of 3463597 million yuan in the latest year within the scope of the company’s consolidated statements (as of December 31, 2021).
3. The frozen accounts of the company and its holding subsidiaries are mainly general deposit accounts, which are mainly used for collection and payment of the company. At the same time, some companies have been frozen basic deposit accounts or a small number of special accounts; Although the freezing of the basic deposit account will make the company unable to withdraw cash, the company’s current capital payment mainly adopts bank transfer, remittance, cheque, promissory note and other methods, and the settlement of the company’s production and operation business can be carried out through the general deposit account; Although some accounts of the company and its holding subsidiaries are frozen, there are still many bank accounts available to replace the frozen accounts for the company’s daily business such as production, operation and settlement; The proportion of the frozen account amount of the company in the audited net assets and monetary fund balance of the company in the latest year is low. The production and operation of the company and its holding subsidiaries are still in normal operation, and there is no case that the main bank accounts are frozen.
4. At present, several bank accounts of the company are frozen. If other bank accounts of the company are frozen later, the company may touch article 9.8.1 of the stock listing rules of Shenzhen Stock Exchange (revised in 2022), and the stock trading of the company will face the risk of other risk warnings implemented by Shenzhen Stock Exchange.
5. The creditor Nanchang Taishun Garment Co., Ltd. has applied to Dongguan intermediate people’s court for bankruptcy reorganization on February 25, 2022. The company has signed the investment intention agreement with the intended reorganization investor Guangzhou high tech Zone Investment Group Co., Ltd. if the court decides that the company enters reorganization, the company will conduct in-depth research and demonstration on the feasibility of company reorganization with the company’s shareholders, creditors and intended reorganization investors, Actively discuss with all parties the solutions to the company’s debt problems and future business development problems, promote the success of the company’s reorganization, resolve the company’s debt crisis and business crisis, and promote the company to return to a healthy and sustainable development track as soon as possible.
6. The securities times and the securities times designated the securities news as the China Securities News（ http://www.cn.info.com.cn. ）, relevant information shall be subject to the announcement issued by the company in the above designated media. The company will continue to pay attention to the progress of the above matters and timely perform the obligation of information disclosure in accordance with relevant laws and regulations. Please pay attention to relevant announcements and pay attention to investment risks.
It is hereby announced.
Souyute Group Co.Ltd(002503) board of directors may 20, 2022
