Jiangsu Daybright Intelligent Electric Co.Ltd(300670) board of directors
Explanation that the relevant entities of this transaction are not allowed to participate in any major asset restructuring of Listed Companies in accordance with Article 13 of the guidelines for the supervision of listed companies No. 7 – supervision of abnormal stock transactions related to major asset restructuring of listed companies
Jiangsu Daybright Intelligent Electric Co.Ltd(300670) (hereinafter referred to as ” Jiangsu Daybright Intelligent Electric Co.Ltd(300670) ” or “the company”) intends to pay cash from the original lessee Tianjin Huajing zero one ship leasing Co., Ltd. (hereinafter referred to as “Huajing zero one”) through the wholly-owned subsidiary Jiangsu Daye New Energy Technology Co., Ltd. (hereinafter referred to as “Daye new energy”) or other entities designated by it Tianjin Huajing zero two ship leasing Co., Ltd. (hereinafter referred to as “Huajing zero two”) undertakes the financial leasing interests related to Huajing 01 (No. cmhi181-1, Hua Jing 01) and Huajing 02 (No. cmhi181-2, Hua Jing 02). When the lease term expires, the company will obtain the ownership of Huajing 01 and Huajing 02.
The parties to the transaction are Hailong 10 (Tianjin) Leasing Co., Ltd. (hereinafter referred to as “Hailong 10”), Hailong 11 (Tianjin) Leasing Co., Ltd. (hereinafter referred to as “Hailong 11”), Gulf technology, Huajing zero one The contract prices of cmhi181-1 ship sales contract, cmhi181-2 ship sales contract and Huajing 01 ship lease contract signed by Huajing zero two and others are taken as reference. Through friendly negotiation, the total amount of this transaction is USD 133985600 (RMB 854251700; converted at the exchange rate on December 31, 2021, the same below), deducting the original lessee Huajing zero one After huajing-02 has paid 292 million yuan (US $45.7989 million) of finance lease costs as of December 31, 2021, Daye new energy or other entities designated by it subsequently payable US $81.0591 million (RMB 516.8082 million) of finance lease principal and US $7.1276 million (RMB 45.4435 million) of finance lease interest.
According to the measures for the administration of major asset restructuring of listed companies, this transaction constitutes a major asset restructuring and does not involve performance commitment and compensation, ownership of profits and losses in the transition period and arrangements for accumulated undistributed profits, impairment test and compensation of assets.
The board of directors of the company made the following explanations on whether the relevant subjects of this major asset restructuring are prohibited from participating in any major asset restructuring of listed companies under Article 13 of the guidelines for the supervision of listed companies No. 7 – supervision of abnormal stock transactions related to major asset restructuring of listed companies:
This major asset restructuring involves the relevant subjects specified in Article 7 of the guidelines for the supervision of listed companies No. 7 – supervision of abnormal trading of stocks related to major asset restructuring of listed companies, and there is no case investigation or investigation on suspicion of insider trading related to this major asset restructuring, In the last 36 months, there has been no case in which the CSRC has imposed administrative punishment or judicial organs have investigated criminal responsibility according to law for insider trading related to major asset restructuring.
Therefore, the relevant entities of this major asset restructuring are not allowed to participate in any major asset restructuring of listed companies as stipulated in Article 13 of the guidelines for the supervision of listed companies No. 7 – supervision of abnormal stock transactions related to major asset restructuring of listed companies.
Jiangsu Daybright Intelligent Electric Co.Ltd(300670) board of directors
January 23, 2022
