Securities code: 002941 securities abbreviation: Xinjiang Communications Construction Group Co.Ltd(002941) Announcement No.: 2022-006 Xinjiang Communications Construction Group Co.Ltd(002941)
Announcement on investment and establishment of wholly owned subsidiaries
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、 Overview of foreign investment
1. According to the national requirements of “new development stage, new development concept and new development pattern”, on the one hand, we should deeply tap the existing demand of China’s large economic cycle, on the other hand, we should gradually deepen the potential demand of China’s international double cycle, promote the in-depth layout of the international market, effectively deal with external “uncertainty” with our own “certainty”, and make better use of China’s international markets and resources, To achieve stronger and sustainable development, Xinjiang Communications Construction Group Co.Ltd(002941) (hereinafter referred to as “the company”) plans to set up a new wholly-owned subsidiary Hainan International Cooperation Industry Development Co., Ltd. (temporarily named) in Yangpu Free Trade Zone, Hainan Province with its own funds, with a registered capital of RMB 10 million, all funded by the company.
2. The above-mentioned investment in the establishment of a wholly-owned subsidiary was deliberated and approved by the ninth interim meeting of the third board of directors of the company, and the proposal on investment in the establishment of Hainan International Cooperation Industry Development Co., Ltd. The voting result was 9 in favor, 0 against and 0 abstention.
3. This foreign investment does not involve related party transactions, nor does it constitute a major asset reorganization specified in the administrative measures for major asset reorganization of listed companies.
2、 Basic information of investment object
(I) Company Name: Hainan International Cooperation Industry Development Co., Ltd. (temporarily named).
(II) nature of enterprise: limited liability company. The company operates independently, accounts independently and is responsible for its own profits and losses. (III) registered address: Yangpu Free Trade Zone, Hainan Province
(IV) equity structure proportion
No. contribution amount of contributor (10000 yuan) share of equity
1 Xinjiang Communications Construction Group Co.Ltd(002941) 1000 100%
(V) registered capital and contribution method of the company:
The registered capital of the company is 10 million yuan, which is contributed in cash.
(VI) business scope of the company
Engineering consulting, engineering materials, consulting services, technical services, technology development, technical exchange, import and export trade of mechanical equipment and parts, international trade, logistics services, tourism and supporting services, etc.
(VII) profit and loss bearing
The profits and losses from the operation shall be borne by the investor.
3、 Main contents of foreign investment contract
Hainan International Cooperation Industry Development Co., Ltd. (temporarily named) to be established by the company is a wholly-owned subsidiary and does not need to sign a foreign investment contract.
4、 Purpose of foreign investment, existing risks and impact on the company
It can bring vitality to the company and enhance the synergy between various business segments within the company, so as to obtain new competitive advantages. Improve enterprise resource utilization efficiency, optimize resource allocation, improve profitability, provide integrated services for customers, and effectively control risks.
The establishment of a wholly-owned subsidiary by this foreign investment still needs the approval of the Administration for Industry and commerce, which is uncertain; In the actual operation and management process in the future, it may be affected by uncertain factors such as policy, market, operation and management. There are uncertainties in subsequent operation, management and risk control of this investment.
5、 Other
The company will pay close attention to the progress of relevant investment and timely perform the obligation of information disclosure in accordance with relevant regulations. Please invest rationally and pay attention to investment risks.
6、 Documents for future reference
1. Resolution of the 9th interim meeting of the 3rd board of directors
2. Independent opinions of independent directors on matters related to the ninth extraordinary meeting of the third board of directors
Xinjiang Communications Construction Group Co.Ltd(002941) board of directors January 14, 2022
