Securities code: 603678 securities abbreviation: Fujian Torch Electron Technology Co.Ltd(603678) Announcement No.: 2022-002
Bond Code: 113582 bond abbreviation: torch convertible bond
Fujian Torch Electron Technology Co.Ltd(603678)
Progress announcement on the provision of guarantee
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:
Guaranteed: Shenzhen leidu Electronics Co., Ltd. and Suzhou leidu Electronics Co., Ltd
Amount of this guarantee: 138 million yuan
There is no counter guarantee in this guarantee
The company has no overdue external guarantee
Fujian Torch Electron Technology Co.Ltd(603678) (hereinafter referred to as “the company”), the 2020 annual general meeting of shareholders and the second extraordinary general meeting of shareholders in 2021 respectively considered and adopted the proposal on the application for credit extension and provision of guarantee by the company and its subsidiaries in 2021 and the proposal on adding new guarantee line for wholly-owned subsidiaries, In 2021, the company plans to provide joint and several liability guarantee with a total amount of no more than RMB 2.2 billion for the loans within the comprehensive bank credit line of its subsidiaries, and provide joint and several liability guarantee with a total amount of no more than RMB 250 million for the business transactions between wholly-owned subsidiaries and secondary wholly-owned subsidiaries and their suppliers. For details, please refer to the announcements “2021-030” and “2021-071” disclosed by the company on the website of Shanghai Stock Exchange.
1、 Progress of guarantee
In order to meet the daily operating capital needs of Shenzhen redu Electronics Co., Ltd. (hereinafter referred to as “Shenzhen redu”), a wholly-owned subsidiary of the company, the company signed the maximum irrevocable guarantee with China Merchants Bank Co.Ltd(600036) Shenzhen Branch on January 17, 2022 to provide Shenzhen redu with a joint and several liability guarantee of up to RMB 18 million, The guarantee period is mainly three years after the expiration of the period of creditor’s rights.
Meanwhile, since the guarantee of 80 million yuan provided by the company for Suzhou leidu Electronics Co., Ltd. (hereinafter referred to as “Suzhou leidu”) has expired, the Company re signed the maximum guarantee contract with Bank Of Ningbo Co.Ltd(002142) Suzhou Branch to provide joint and several liability guarantee of 120 million yuan for Suzhou leidu, The guarantee period is two years from the date of expiration of the debt performance period under the autonomous contract.
2、 Accumulated external guarantees and overdue guarantees
As of the date of this announcement, the total amount of guarantees provided by the company for its holding subsidiaries was RMB 1440 million, accounting for 36.92% of the net assets of the audited company as of December 31, 2020, and there was no overdue guarantee. In addition, the company and its holding subsidiaries have no other external guarantees.
It is hereby announced.
Fujian Torch Electron Technology Co.Ltd(603678) board of directors January 19, 2002
