Hunan Huamin Holdings Co.Ltd(300345)
Securities code: 300345 securities abbreviation: Hunan Huamin Holdings Co.Ltd(300345) Announcement No.: (2022) 006 Hunan Huamin Holdings Co.Ltd(300345)
About providing financial assistance and related party transactions to holding subsidiaries
Progress announcement
The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete without false records, misleading statements or major omissions.
1、 Overview of financial assistance
Hunan Huamin Holdings Co.Ltd(300345) (hereinafter referred to as “the company”) held the 25th meeting of the Fourth Board of directors and the 20th meeting of the Fourth Board of supervisors on January 14, 2022, deliberated and adopted the proposal on providing financial assistance and related party transactions to holding subsidiaries, and agreed that the company, without affecting its normal production and operation, Hunan Hongyu Intelligent Manufacturing Co., Ltd. (hereinafter referred to as “Hongyu intelligent”), a holding subsidiary, is provided with financial assistance with a total amount of no more than 25 million yuan. For details, see the relevant announcement disclosed by the company on cninfo.com on January 15, 2022. (Announcement No. (2022) 003). The company signed the loan contract with Hongyu intelligent on January 21, 2022 , the contract is hereby announced as follows:
2、 Specific contents of loan contract
Party A: Hunan Huamin Holdings Co.Ltd(300345)
Party B: Hunan Hongyu Intelligent Manufacturing Co., Ltd
1. Loan amount: the loan amount applied by Party B to Party A shall not exceed 15 million yuan only (￥ 15000000), which shall be paid in installments according to the capital plan within the limit.
2. Loan term: 12 months from the date when each fund is actually paid from Party A’s account. After the expiration of each fund, Party B shall return the lent principal and interest to Party A in full and on time.
3. Loan interest: the loan interest is 4.35% based on the benchmark interest rate of one-year loan in the same period.
4. Purpose of loan: the loan is only used for Party B’s daily production and operation to supplement working capital. Party B shall not use it for other purposes without the consent of Party A.
Hunan Huamin Holdings Co.Ltd(300345)
5. Liability for breach of contract:
(1) If Party B does not use the loan for the purpose agreed in this contract, Party A has the right to recover all the loan in advance, and for the loan used in breach of contract, in addition to the interest payable to Party A during the loan period, Party A shall compensate Party A for liquidated damages at 3% of the total amount of funds used in violation of regulations.
(2) Party B shall actively and timely repay the loan principal and interest in strict accordance with the contract.
(3) In case of overdue repayment by Party B, Party B shall pay liquidated damages to Party A according to the standard of 4 times of the bank’s one-year loan interest rate from the date of expiration of the loan term. The liquidated damages shall be settled at the end of each month and calculated into the base of the next month, which shall be calculated continuously until all losses of Party A are made up. Party B promises to waive the right to require the dispute jurisdiction court to reduce the liquidated damages.
(4) If part or all of the loan provided by Party A on the account designated by Party B is sealed up or frozen by justice or administration, Party B constitutes a fundamental breach of contract, first pays liquidated damages to Party A, and undertakes other responsibilities for returning the loan principal and breach of contract agreed in this contract.
(5) If Party A’s creditor’s rights are not paid off in whole or in part at the expiration of the performance period of the main debt agreed in this contract, Party B shall earnestly provide other guarantee measures satisfactory to Party A (Party B shall be responsible for all expenses arising from handling guarantee procedures).
(6) For the above loans, liquidated damages and losses, Party A has the right to investigate the responsibility of Party B by taking any measures, and Party B must cooperate; Party B shall be responsible for the losses such as lawyer’s fees, litigation expenses, entertainment expenses, expenses actually incurred in the disposal of collateral, etc. paid by Party A for the realization of its rights and interests.
(7) If Party B returns the principal to Party A in installments, the funds confirmed by all parties shall be first recognized as liquidated damages and loss damages, and the balance shall be included in the loan principal of Party A; Until Party B pays all the loan principal, liquidated damages and losses to Party A.
3、 Risk prevention measures
1. The amount of the loan contract signed between the company and Hongyu intelligent does not exceed the scope of the review limit, and will be paid in installments according to the capital plan, which will not affect the normal operation of the company;
2. Hongyu intelligence is a holding subsidiary with 77.5% of the company’s shares, and the chairman of the company also serves as the chairman of Hongyu intelligence. The company has established a good risk control system, which can effectively control its business, finance, fund management and other aspects;
3. The company will actively track the operation of Hongyu intelligence and pay close attention to its assets and liabilities and external guarantee
Hunan Huamin Holdings Co.Ltd(300345)
And other changes, control the use of its funds, actively prevent risks and ensure the safety of funds.
4、 Documents for future reference
1. Loan contract.
It is hereby announced.
Hunan Huamin Holdings Co.Ltd(300345) board of directors
January 22, 2002
