Securities abbreviation: Eternal Asia Supply Chain Management Ltd(002183) securities code: 002183 Announcement No.: 2022-004 Eternal Asia Supply Chain Management Ltd(002183)
Announcement on handling non recourse factoring of accounts receivable by Shenzhen Qianhai Eternal Asia Supply Chain Management Ltd(002183) supply chain Co., Ltd., a wholly-owned subsidiary of the company
The board of directors and all directors of the company guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
Eternal Asia Supply Chain Management Ltd(002183) (hereinafter referred to as “the company”) deliberated and adopted the proposal on handling non recourse factoring business of accounts receivable by Shenzhen Qianhai Eternal Asia Supply Chain Management Ltd(002183) supply chain Co., Ltd., a wholly-owned subsidiary of the company, at the 58th meeting of the sixth board of directors held on January 17, 2022. The relevant information is hereby announced as follows:
1、 Transaction overview
1. Shenzhen Qianhai Eternal Asia Supply Chain Management Ltd(002183) supply chain Co., Ltd. (hereinafter referred to as “Shenzhen Qianhai Eternal Asia Supply Chain Management Ltd(002183) “), a wholly-owned subsidiary of the company, intends to apply to banks, securities companies, asset management companies, factoring companies and other financial institutions for non recourse factoring of accounts receivable of no more than RMB 500 million, with a term of no more than one year, which shall be subject to the contract.
2. Shenzhen Qianhai Eternal Asia Supply Chain Management Ltd(002183) has no affiliated relationship with banks, securities companies, asset management companies, factoring companies and other financial institutions. The above transactions do not constitute affiliated transactions, nor do they constitute major asset restructuring specified in the measures for the administration of major asset restructuring of listed companies.
3. The above matters have been deliberated and adopted at the 58th meeting of the 6th board of directors of the company, and the deliberation results: 7 votes in favor, 0 votes against and 0 abstentions. This matter is within the approval authority of the board of directors and does not need to be submitted to the general meeting of shareholders for deliberation.
2、 Subject matter of transaction
Subject matter of transaction: accounts receivable of Shenzhen Qianhai Eternal Asia Supply Chain Management Ltd(002183) in business operation totaling no more than RMB 500 million.
3、 Purpose of handling factoring business and its impact on the company
The purpose of applying to banks, securities companies, asset management companies, factoring companies and other financial institutions for non recourse factoring of accounts receivable is to accelerate the capital turnover of subsidiaries, improve the efficiency of capital use, reduce the balance of accounts receivable and reduce the management cost of accounts receivable, which is conducive to promoting the business development of subsidiaries and in line with the overall interests of the company There is no harm to the legitimate rights and interests of minority shareholders.
4、 Opinions of independent directors
The independent directors believe that the non recourse factoring of accounts receivable handled by the company and its wholly-owned subsidiaries is conducive to the business development of the company, in line with the development plan of the company and the overall interests of the company, in line with the requirements of relevant national laws and regulations and the needs of the enterprise. At the same time, it also complies with the regulatory requirements of listed companies and the articles of association, and the review procedures are legal and effective. The factoring business of accounts receivable without recourse does not constitute a related party transaction and does not damage the interests of the company and shareholders, especially small and medium-sized shareholders. Therefore, we unanimously agree on this matter.
5、 Documents for future reference
1. Resolution of the 58th meeting of the 6th board of directors 2. Independent opinions of Eternal Asia Supply Chain Management Ltd(002183) independent directors on matters related to the 58th meeting of the 6th board of directors
3. The Eternal Asia Supply Chain Management Ltd(002183) resolution of the 42nd meeting of the 6th board of supervisors is hereby announced.
Eternal Asia Supply Chain Management Ltd(002183) board of directors January 17, 2022
