Jinke Property Group Co.Ltd(000656) : progress announcement on guarantee provided by holding subsidiaries to joint-stock companies

Jinke Property Group Co.Ltd(000656)

Announcement on progress of guarantee provided by holding subsidiaries to participating companies

Securities abbreviation: Jinke Property Group Co.Ltd(000656) securities code: 000656 Announcement No.: 2022-015

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. Special tips:

1. Jinke Property Group Co.Ltd(000656) (hereinafter referred to as “the company”) and its holding subsidiaries (hereinafter referred to as “the holding subsidiaries”) within the scope of consolidated statements, the total amount of external guarantee exceeds 100% of the latest net assets, and the amount of guarantee to the holding subsidiaries with asset liability ratio exceeding 70% exceeds 50% of the latest net assets of the company, As well as the guarantee amount approved for the participating companies outside the consolidated statements exceeds 30% of the net assets of the latest period, and investors are reminded to pay full attention to the guarantee risk.

2. In principle, the company and its holding subsidiaries and other shareholders provide guarantee for the financing of participating real estate project companies according to the shareholding ratio of the company in accordance with the joint venture and cooperation agreement. If, according to the requirements of financial institutions, the company and its holding subsidiaries provide guarantees in excess of the company’s shareholding ratio, in order to further prevent guarantee risks, other shareholders or joint-stock real estate project companies will be required to provide counter guarantees after providing guarantees.

1、 Guarantee overview

Changsha Hangli Industrial Co., Ltd. (hereinafter referred to as “Changsha Hangli”), a 49% equity company of the company, accepted a loan of China Construction Bank Corporation(601939) 190 million yuan from Changsha Hexi sub branch for a period of 10 years. Chongqing Jinke Real Estate Development Co., Ltd. (hereinafter referred to as “Chongqing Jinke”) provided it with a joint and several liability guarantee of 93.1 million yuan according to the shareholding ratio of the company.

The company held the 7th Meeting of the 11th board of directors on May 31, 2021, at which the proposal on increasing the guarantee amount for some joint-stock real estate project companies was deliberated and approved, and the proposal was deliberated and approved by the fifth extraordinary general meeting of shareholders in 2021. The available guarantee amount of Changsha Airlines was 93.1 million yuan.

The guarantee amount provided to Changsha Hangli this time is within the limit approved by the above proposal, and there is no need to submit shares again

According to the deliberation of the East Conference, the guarantee balance and available guarantee amount to Changsha Hangli before and after this guarantee are shown in the table below.

The review of relevant guarantee amount and guarantee balance of the guaranteed company are as follows:

Table of guaranteed amount review and guaranteed balance of the guaranteed party

Unit: 10000 yuan

The guarantor and the guaranteed party can guarantee the guarantee balance before and after the guarantee after the approval. The remaining available guarantee amount is the guarantee balance (note) guarantee amount

Chongqing Jinke Changsha Hangli 9310.00 – 9310.00-

Total 9310.00 – 9310.00-

Note: after this guarantee, the guaranteed balance of the guaranteed party shall be subject to the actual capital arrival.

2、 Basic information of the guaranteed

Company name: Changsha Hangli Industrial Co., Ltd

Date of establishment: October 11, 2018

Registered address: airport business center of Changsha Huanghua International Airport, No. 1, Linkong South Road, Huanghua Town, Changsha County, Hunan Province

Cardiac 101

Legal representative: Wang Xinpeng

Registered capital: 98.0392 million yuan

Main business: house decoration; Interior decoration and design; Decoration, decoration and cleaning in the later stage of construction project.

Relationship with the company: the company holds 49% of its equity, and Beijing Huayuan Real Estate Co., Ltd. holds its equity

51% equity. The company has no relationship with other shareholders.

Ownership structure:

Jinke Property Group Co.Ltd(000656)

(the company)

Chongqing Jinke Real Estate Development Co., Ltd

Huay Uan Property Co.Ltd(600743) Jinke real estate group Hubei Co., Ltd

(600743.SH)

Beijing Huayuan Real Estate Co., Ltd. Changsha Jinke Real Estate Development Co., Ltd

51% 49%

Changsha Hangli Industrial Co., Ltd

By the end of 2020, the company had total assets of 562.7638 million yuan, total liabilities of 596.6663 million yuan and net assets of -33.9025 million yuan. In 2020, the company realized operating revenue of 14.9374 million yuan, total profit of -17.5002 million yuan and net profit of -17.5002 million yuan.

By the end of September 2021, the company had total assets of 546.7026 million yuan, total liabilities of 279.7377 million yuan and net assets of 266.9649 million yuan. From January to September 2021, the company realized operating revenue of 16.9564 million yuan, total profit of -27.1718 million yuan and net profit of -27.1718 million yuan.

The company is not a dishonest person.

3、 Main contents of the guarantee agreement

Chongqing Jinke provides guarantee for Changsha Hangli

1. Guarantee amount: 93.1 million yuan.

2. Guarantee period: 10 years.

3. Guarantee method: joint and several liability guarantee.

4. Guarantee period: three years from the date of expiration of the debt performance period under the main contract.

4、 Opinions of the board of directors

The guaranteed object is the company’s joint-stock company. The guarantee provided by the company for the joint-stock company is to meet the requirements of financial institutions and support the operation and development of the joint-stock company, which is conducive to the development and construction of the joint-stock company and in line with the overall interests of the company. The guarantee of the holding subsidiary of the company to Changsha Hangli is provided according to the shareholding ratio of the company. Changsha Hangli development project has good prospects, excellent assets and strong solvency. The above guarantee risks of the company are controllable, and there is no situation damaging the interests of the listed company. The company has dispatched financial personnel to participate in the financial management of the project company, which can effectively control and prevent relevant risks. 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 issued by the CSRC and the notice on regulating the external guarantee behavior of listed companies.

5、 Accumulated external guarantees and overdue guarantees

By the end of November 2021, the company and its holding subsidiaries had no overdue guarantee or guarantee involving litigation. The guarantee balance provided by the company to participating companies is 15.435 billion yuan, and the guarantee balance provided to subsidiaries, subsidiaries and subsidiaries to each other is 57.797 billion yuan, with a total guarantee balance of 73.232 billion yuan, accounting for 198.34% of the latest audited net assets of the company and 19.21% of the total assets. With the repayment of the loan by the company, its holding subsidiaries and joint-stock companies, the guarantee liability provided by the company or its holding subsidiaries will be automatically relieved. At present, the company, its holding subsidiaries and joint-stock companies operate normally and have sufficient funds. There is no risk of undertaking guarantee liability due to failure to pay the loan on schedule.

6、 Documents for future reference

1. The 7th Meeting of the 11th board of directors of the company;

2. Resolutions of the fifth extraordinary general meeting of shareholders in 2021;

3. Relevant contract text.

It is hereby announced

Jinke Property Group Co.Ltd(000656) board of directors

January 20, 2002

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