Securities code: 600703 stock abbreviation: Sanan Optoelectronics Co.Ltd(600703) No.: Lin 2022-005 San'an North Electro-Optic Co.Ltd(600184) Co., Ltd
Announcement on providing guarantee for 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 the guaranteed: Anhui Sanan Optoelectronics Co.Ltd(600703) Co., Ltd. (hereinafter referred to as "Anhui San'an")
● amount of this guarantee: Anhui San'an, a wholly-owned subsidiary of the company, applied for a comprehensive credit of 200 million yuan from China Construction Bank Corporation(601939) Wuhu Economic and Technological Development Zone sub branch
● if the guarantee is fully implemented, the company guarantees RMB 400 million for Anhui San'an
● there is no counter guarantee in this guarantee
● accumulated overdue amount of external guarantee: no overdue guarantee I. overview of guarantee
The company held the 18th meeting of the 10th board of directors on January 18, 2022. The meeting considered and approved the proposal of the company to provide guarantee for the application for comprehensive credit extension of wholly-owned subsidiaries by 8 votes in favor, 0 votes against and 0 abstentions. In order to ensure the capital demand of the company's wholly-owned subsidiary, the board of directors of the company decided to provide joint and several liability guarantee for Anhui San'an to apply for a comprehensive credit of 200 million yuan from China Construction Bank Corporation(601939) Wuhu Economic and Technological Development Zone sub branch. The guarantee scope includes but is not limited to all principal, interest (including compound interest and penalty interest), liquidated damages, compensation, etc., with a term of one year.
According to the relevant provisions of the Listing Rules of Shanghai Stock Exchange and the articles of association, this guarantee is within the authority of the board of directors of the company and does not need to be submitted to the general meeting of shareholders for deliberation. 2、 Basic information of the guaranteed
Anhui Sanan Optoelectronics Co.Ltd(600703) Co., Ltd., a wholly-owned subsidiary of the company, was established on January 7, 2010. Its registered address is No. 8, dongliangshan Road, Wuhu District, China (Anhui) pilot free trade zone. Its registered capital is 2980 million yuan. Its legal representative is Lin Kechuang. Its business scope: photoelectric technology research, consultation and service; Production and sales of electronic products; Installation, commissioning and maintenance of ultra high brightness light emitting diode (LED) application product system engineering; Wholesale of corrosive products (ammonia); Self operated and acting as an agent for the import and export of various products and technologies, except for the commodities and technologies restricted or prohibited by the state. (for projects subject to approval according to law, business activities can be carried out only after approval by relevant departments) * *.
As of December 31, 2020 (audited), its total assets are 6363005500 yuan, total liabilities are 1174954500 yuan (including 252162400 yuan of bank loans and 1168637900 yuan of current liabilities), net assets are 5188051000 yuan, sales revenue is 2104152500 yuan and net profit is 275849600 yuan in 2020.
As of September 30, 2021 (Unaudited), it had total assets of 6130816900 yuan, total liabilities of 781229700 yuan (including bank loans of 350 million yuan and current liabilities of 781113000 yuan), net assets of 5349.5872 million yuan, sales revenue of 1662.1873 million yuan and net profit of 161.9938 million yuan in the first three quarters of 2021.
At present, there are no major contingencies affecting the guaranteed's solvency. 3、 Main contents of guarantee contract
The company, a wholly-owned subsidiary Anhui San'an, applied for a comprehensive credit of 200 million yuan from China Construction Bank Corporation(601939) Wuhu Economic and Technological Development Zone sub branch to provide joint and several liability guarantee. The guarantee scope includes but is not limited to all principal, interest (including compound interest and penalty interest), liquidated damages and compensation for a period of one year. 4、 Opinions of the board of directors
Anhui San'an is a wholly-owned subsidiary of the company. It applies for comprehensive credit from the bank according to the capital demand, which is conducive to the development of production and operation. The guarantee provided by the company for its subsidiaries this time complies with the company law, the Listing Rules of Shanghai Stock Exchange and other laws and regulations and the relevant provisions of the articles of association. Agree to this guarantee. 5、 Total amount of accumulated external guarantee and overdue guarantee
As of the date of this announcement, the company's external guarantee amounted to RMB 11.604 billion (including this guarantee), accounting for 39.11% of the company's audited net assets as of December 31, 2020. Among them, the company provided guarantees for wholly-owned subsidiaries totaling 9.91 billion yuan, accounting for 33.40% of the company's audited net assets as of December 31, 2020; The company provided guarantees for Fujian San'an Group Co., Ltd. to pay the investment income of National Development Fund Co., Ltd. and Xiamen San'an Electronics Co., Ltd. to transfer the capital increase of National Development Fund Co., Ltd. by stages. As of the date of this announcement, the guarantee balance was RMB 1.694 billion, accounting for 5.71% of the company's audited net assets as of December 31, 2020. The company has no overdue external guarantee. 6、 Documents for future reference
1. Resolutions of the 18th meeting of the 10th board of directors of the company;
2. Financial statements of the guaranteed.
It is hereby announced.
Board of directors of San'an North Electro-Optic Co.Ltd(600184) Co., Ltd. January 18, 2022
