Securities code: 605298 securities abbreviation: Jiangsu Bide Science And Technology Co.Ltd(605298) Announcement No.: 2022-001 Jiangsu Bide Science And Technology Co.Ltd(605298)
Announcement on foreign investment and establishment of wholly-owned subsidiaries
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
Important content tips:
Name of investment object: Hefei bide transportation equipment Co., Ltd. (industrial and commercial registration has been completed)
Investment amount: Jiangsu Bide Science And Technology Co.Ltd(605298) (hereinafter referred to as "the company") contributed RMB 10 million to Hefei bide transportation equipment Co., Ltd. with its own funds, holding 100% of its equity
Special risk tip: after the establishment of the target company, it may be subject to risks brought by various uncertain factors such as industrial policy changes, market competition and operation management, and the investment income is uncertain.
1、 Overview of foreign investment
(I) basic information of foreign investment
In order to meet the needs of the company's business development and strategic layout, help the company to explore new markets and improve its comprehensive competitiveness, the company invested 10 million yuan with its own funds to establish a wholly-owned subsidiary Hefei bide transportation equipment Co., Ltd.
(II) according to the articles of association, this foreign investment does not meet the deliberation standard of the board of directors, so it does not need to be deliberated by the board of directors. (III) this foreign investment does not belong to related party transactions and major asset restructuring.
2、 Basic information of investment object
(I) name of target company: Hefei bide transportation equipment Co., Ltd
Registered address: 2nd floor, building 28, Hefei international enterprise center, Wolonghu Road, Xinzhan District, Hefei
Registered capital: 10 million yuan only
Enterprise type: limited liability company (sole proprietorship of legal person invested or controlled by natural person)
Business scope: general items: manufacturing of high-speed railway equipment and accessories; Manufacturing of railway rolling stock accessories; Manufacturing of urban rail transit equipment; Sales of high-speed railway equipment and accessories; Sales of railway rolling stock accessories; Sales of railway rolling stock; Sales of green composite materials for rail transit; Sales of rail transit construction machinery and parts; Sales of special equipment, key systems and components for rail transit; Research and development of new material technology; Manufacturing of auto parts and accessories; Sales of new energy vehicle production and testing equipment; Sales of electric accessories of new energy vehicles; Manufacturing of new energy prime mover equipment; Sales of new energy prime mover equipment. (in addition to the licensed business, it can independently operate projects not prohibited or restricted by laws and regulations)
Mode of contribution and equity structure: the company contributes with its own funds and holds 100% equity of the target company.
Personnel arrangement of the board of directors and management of the target company: Mr. Li Huashuai is the executive director and manager (legal representative) of the target company; Ms. Zhang Xuejian is the supervisor of the target company.
3、 The impact of foreign investment on Listed Companies
The investment to establish a wholly-owned subsidiary is in line with the company's strategic development plan and the interests of the company and shareholders. The source of investment funds is the company's own funds, which has no significant adverse impact on the company's financial status, production and operation, and does not damage the interests of the company and all shareholders. The establishment of a wholly-owned subsidiary intends to explore new profit points, which has a positive impact on the company's long-term strategic layout. After the establishment of the wholly-owned subsidiary, it will be included in the scope of the company's consolidated statements. This foreign investment will not have a significant impact on the company's current main business development and operating performance.
4、 Risk analysis of foreign investment
The newly established company may be affected by macroeconomic, industrial policies, market environment, operation and management and other factors in the future operation process, and the investment income is uncertain. In this regard, the company will adopt positive development planning and business strategy, pay close attention to the development trend of the industry, and actively prevent and resolve various risks, so as to obtain a good return on investment. The company will timely perform the follow-up information disclosure obligations in strict accordance with the provisions of relevant laws and regulations. Please pay attention to the investment risks.
It is hereby announced.
Jiangsu Bide Science And Technology Co.Ltd(605298) board of directors January 17, 2022
