Securities code: 300657 securities abbreviation: Xiamen Hongxin Electronics Technology Group Inc(300657) Announcement No.: 2022-009 Xiamen Hongxin Electronics Technology Group Inc(300657)
Announcement on providing guarantee for subsidiary's application for financing credit
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 guarantee
Xiamen Hongxin Electronics Technology Group Inc(300657) (hereinafter referred to as "the company") held the 36th meeting of the third board of directors on January 19, 2022. The meeting deliberated and adopted the proposal on providing guarantee for subsidiaries' application for financing credit. The proposal allows the company to provide a guarantee of no more than 30 million yuan to Bank Of China Limited(601988) Jingmen Branch for the holding subsidiary Jingmen Hongyi Electronic Technology Co., Ltd. (hereinafter referred to as "Jingmen Hongyi"), as follows:
Guarantee amount of the secured creditor
Jingmen Hongyi Bank Of China Limited(601988) Jingmen Branch no more than RMB 30 million
Total no more than RMB 30 million
No agreement or relevant documents have been signed for this guarantee, and the chairman of the company is authorized to sign relevant contracts and documents within the approved guarantee limit on behalf of the company.
The guarantee matters need to be submitted to the general meeting of shareholders for deliberation and voting. The validity period of the authorized guarantee limit is 1 year from the date of deliberation and approval by the general meeting of shareholders. The specific guarantee amount and guarantee period within the authorized limit shall be implemented in accordance with the specific contract.
2、 Basic information of the guaranteed
Jingmen Hongyi Electronic Technology Co., Ltd
1. Basic information of the guaranteed
Company name: Jingmen Hongyi Electronic Technology Co., Ltd
Unified social credit Code: 91420802ma491anr2w
Type: other limited liability companies
Address: No. 12, Changxing Avenue, industrial park, Dongbao District, Jingmen City
Legal representative: Li Kui
Registered capital: 150 million yuan
Date of establishment: September 15, 2017
Term of operation: long term
Main business: design, production, import, export and wholesale of new instrument components and materials (flexible electronics) and other electronic products (for projects subject to approval according to law, business activities can be carried out only with the approval of relevant departments). 2. Relationship with the company
It is the holding subsidiary of the company. The company holds 66% in total and Zhongjing Investment Holding Group Co., Ltd. holds 34%.
3. Main financial indicators of Jingmen Hony in recent years
Unit: RMB 10000
Project / statistical interval December 31, 2020 September 30, 2021
(audited) (Unaudited)
Total assets 55054 76942
Total liabilities 41973 65642
Including: total financing loans 12084 18724
Total current liabilities 29211 52160
Net assets 13080 11300
Project / statistical range January December 2020 January September 2021
(audited) (Unaudited)
Operating income 15089 39428
Operating profit - 1891 - 2539
Total profit - 1987 - 2554
Net profit - 1495 - 1780
3、 Main contents of the guarantee agreement
For this guarantee, no relevant guarantee agreement or document has been signed.
4、 Opinions of the board of directors and its impact on the company
1. Reasons for providing guarantee
The guarantee provided by the company to the above subsidiaries is to meet their business development needs, meet their capital needs, improve their comprehensive competitiveness, help support the operation and development of the above subsidiaries, and also comply with the company's overall development strategy.
2. Opinions of the board of directors
Based on the comprehensive assessment of the asset quality, operation, industry prospect and solvency of the guaranteed party, the board of Directors believes that the above guaranteed party is a subsidiary within the scope of the company's consolidated statements, the company has control over it, can effectively supervise and manage it, has good business prospect and controllable guarantee risk. As the controlling shareholder, the company provides financing guarantee to support its business development, which is in line with the overall interests of the company and will not damage the interests of the company and shareholders.
3. Provision of counter guarantee
Zhongjing Investment Holding Group Co., Ltd. (hereinafter referred to as "Zhongjing investment"), another shareholder of Jingmen Hony, is an enterprise 100% owned by the state owned assets supervision and Administration Commission of Jingmen Municipal People's government. Zhongjing investment holds 34% of the equity of Jingmen Hony. Due to the cumbersome approval process of state-owned enterprises providing guarantees, in order to facilitate and quickly handle financing, Jingmen Hony's financing credit line applied for this time is guaranteed by the company, China Jingtou does not provide the same proportion of guarantee, and there is no counter guarantee in this guarantee.
5、 Opinions of independent directors
In order to alleviate the financial pressure of subsidiaries and provide guarantees for subsidiaries to financial institutions, the starting point is to solve the capital needs of subsidiaries, and there is no damage to the interests of the company and shareholders. The deliberation and voting procedures of the board of directors on the proposal comply with the relevant provisions of the Xiamen Hongxin Electronics Technology Group Inc(300657) articles of association, There is no violation of the notice on regulating the capital exchanges between listed companies and related parties and the external guarantee of listed companies (zjf [2003] No. 56) and the notice on regulating the external guarantee behavior of listed companies (zjf [2005] No. 120) of the CSRC. Therefore, we agree to the proposal on providing guarantee for subsidiaries to apply for financing credit.
6、 Accumulated external guarantee amount and overdue guarantee amount
As of the date of disclosure of this announcement, the total amount of external guarantee for the company's guarantee liability is RMB 1279.7 million, accounting for 81.33% of the company's audited net assets in 2020, which are all guarantees provided by the company for its subsidiaries. The company has no overdue and litigation related external guarantee.
7、 Other
After the disclosure of this guarantee, the company will timely disclose the corresponding progress announcement.
8、 Documents for future reference
1. Resolutions of the 36th meeting of the third board of directors of the company;
2. Independent opinions of independent directors of the company on the 36th meeting of the third board of directors.
It is hereby announced.
Xiamen Hongxin Electronics Technology Group Inc(300657) board of directors January 19, 2022
