Hunan Huamin Holdings Co.Ltd(300345)
Securities code: 300345 securities abbreviation: Hunan Huamin Holdings Co.Ltd(300345) Announcement No.: (2022) No. 005 Hunan Huamin Holdings Co.Ltd(300345)
Announcement on the progress of loans by controlling shareholders
The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete without false records, misleading statements or major omissions.
Hunan Huamin Holdings Co.Ltd(300345) (hereinafter referred to as “the company”) recently received a notice from the controlling shareholder Hunan jianxianghuihong Industrial Investment Co., Ltd. (hereinafter referred to as “jianxianghuihong”), and jianxianghuihong signed a repayment agreement with China Huarong Asset Management Co., Ltd. Hunan Branch (hereinafter referred to as “Huarong Asset Hunan Branch”), Jianxianghuihong signed the agreement with Hunan jianhongda Industrial Group Co., Ltd. and Taoyuan Xianghui Agricultural Investment Co., Ltd. the specific announcement is as follows:
1、 Background of signing this Agreement
In February 2019, Zhu Hongyu, the former actual controller of the company, signed the trust loan contract with Hunan Caixin Trust Co., Ltd. (formerly Hunan Trust Co., Ltd.) (hereinafter referred to as “Caixin trust”), and Caixin trust provided Zhu Hongyu with a trust loan of 375 million yuan with a loan term of 1 + 1 year. For details, see the announcement on the signing of trust loan contract between the controlling shareholder, actual controller and Hunan Trust Co., Ltd. (Announcement No.: (2019) 003) published on cninfo.com on February 28, 2019.
In November 2019, Jianxiang Huihong, the controlling shareholder of the company, signed the supplementary agreement of debt transfer agreement and trust loan contract and the agreement on change of payment method of share transfer price with Zhu Hongyu and Caixin trust, and agreed that Jianxiang Huihong would undertake Zhu Hongyu’s debt under the trust loan contract and deduct the equity transfer money. For details, please refer to the supplementary announcement on share pledge of controlling shareholders (Announcement No.: (2020) 006) published by the company on cninfo.com on January 6, 2020.
On February 26, 2021, Jianxiang Huihong, the controlling shareholder of the company, signed the loan extension agreement with Caixin trust, which agreed that the repayment period of the original trust loan contract would be extended from February 27, 2021 to November 30, 2021. For details, please refer to the “about holding” published on cninfo.com on March 2, 2021
Hunan Huamin Holdings Co.Ltd(300345)
Announcement on the signing of loan extension agreement between shareholders and Hunan Caixin Trust Co., Ltd. (Announcement No.: (2021) 004).
On November 25, 2021, Jianxiang Huihong, the controlling shareholder of the company, signed the creditor’s rights transfer agreement with Caixin trust and Huarong assets Hunan Branch, which agreed that Caixin trust would transfer its creditor’s rights to Jianxiang Huihong to Huarong assets Hunan Branch, For details, please refer to the progress announcement on loans to controlling shareholders (Announcement No.: (2021) 065) published by the company on cninfo.com on November 30, 2021. 2、 Main contents of the agreement
(I) repayment agreement
1. Parties
Creditor (Party A): Hunan Branch of China Huarong Asset Management Co., Ltd
Debtor (Party B): Hunan Jianxiang Huihong Industrial Investment Co., Ltd
2. Main terms of the agreement
(1) Confirmation of debt amount: Party B confirms that, as of December 3, 2021, based on the creditor’s right transfer agreement No. huarongxiang 2021019-1 signed by Party A, Party B and Caixin trust, Party A’s creditor’s rights against Party B totaled RMB three hundred eighty-five million nine hundred and ninety-seven thousand and five hundred only (in figures: 385997500.00), The principal balance is RMB three hundred and seventy-five million only (in figures: RMB 375000000.00), and the interest is RMB ten million nine hundred and ninety-seven thousand and five hundred only (in figures: RMB 10997500.00); The interest after December 3, 2021 shall be calculated according to the provisions of the creditor’s rights contract until the date when the principal and interest of the debt are actually paid off.
(2) Grace period for repayment: upon Party B’s application, Party A agrees to grant Party B a grace period for repayment of 6 months. The repayment grace period starts from the effective date of this Agreement (i.e. the starting date of the repayment grace period), and starts from January 12, 2022 to July 11, 2022. Upon the written application of Party B and the consent of Party A, the repayment grace period can be extended for the remaining debts of Party B, that is, enter the preset grace period. The extended actual repayment grace period starts from January 12, 2022 to January 11, 2023.
3. Repayment of restructured debt and debt forgiveness:
(1) Party B shall repay the debt principal of RMB two hundred and three million only (in figures: RMB 203000000.00) to party a six months before the commencement date of the repayment grace period (including the current day). If Party B pays RMB 203000000.00 in full within the time limit agreed in this article, Party A shall repay all the remaining debt principal to Party B
Hunan Huamin Holdings Co.Ltd(300345)
The amount of RMB one hundred and seventy-two million only (in figures: RMB 172000000.00) and all the interests agreed in Article 1 of this Agreement shall be exempted.
(2) If the restructured debt enters the preset grace period, Party B shall repay the debt principal of RMB 212 million (in figures: RMB 212000000.00) to Party A 12 months (including the day) from the commencement date of repayment grace. If Party B pays RMB 212000000.00 in full within the time limit agreed in this article, Party A shall exempt Party B from all the remaining debt principal of RMB 163 million (in figures: RMB 163 million.00) and all the interest agreed in Article 1 of this agreement.
(II) agreement
1. Parties
Party A: Hunan jianxianghuihong Industrial Investment Co., Ltd
Party B: Hunan jianhongda Industrial Group Co., Ltd
Party C: Taoyuan Xianghui Agricultural Investment Co., Ltd
2. Main terms of the agreement
(1) The exemption of the debt principal and agreed interest obtained by Party A from Huarong assets Hunan branch in accordance with the creditor’s right transfer agreement and the repayment agreement shall be used to honor the investment rights and interests enjoyed by Party B and Party C as inferior creditors of the trust plan.
Among them,
The rights and interests that Party B can obtain for cashing are:
A. The investment principal is RMB 76.530612 million;
B. Interest: calculated in accordance with the relevant provisions of the creditor’s right transfer agreement.
The rights and interests that Party C can obtain for cashing are:
A. The investment principal is RMB 114795918;
B. Interest: calculated in accordance with the relevant provisions of the creditor’s right transfer agreement.
If the debt principal and interest exempted by Party A from Huarong assets Hunan branch cannot fully repay the investment rights and interests of Party B and Party C, Party B and Party C shall distribute it according to the principle of repayment of principal before interest according to the proportion of their respective investment principal.
Party B and Party C agree to grant Party A a a grace period for cashing the investment rights and interests of Party B and Party C. The grace period for cashing shall be 12 months before (including) the date when Huarong assets Hunan branch determines the exemption.
Hunan Huamin Holdings Co.Ltd(300345)
(2) If Party A fails to obtain debt principal and interest exemption from Huarong assets Hunan Branch, Party B and Party C voluntarily give up the investment rights and interests and no longer recover from Party A.
3、 Impact on the company
The signing of the above agreement is conducive to alleviating the capital pressure of the company’s controlling shareholders and the healthy and stable development of the company.
4、 Risk tips
The controlling shareholder has good credit and is actively planning to repay the loan to eliminate the risk, but it does not rule out the possibility that the loan cannot be repaid in time in the future due to the significant deterioration of the controlling shareholder’s credit status and performance ability, severe market fluctuations or other uncontrollable events.
The company will continue to pay attention to repayment matters and urge relevant parties to timely perform information disclosure obligations as required. Please make careful decisions and pay attention to investment risks.
5、 Documents for future reference
1. Repayment agreement;
2. Agreement.
It is hereby announced.
Hunan Huamin Holdings Co.Ltd(300345) board of directors
January 15, 2002
