Securities code: 300670 securities abbreviation: Jiangsu Daybright Intelligent Electric Co.Ltd(300670) Announcement No.: 2022-008 Jiangsu Daybright Intelligent Electric Co.Ltd(300670) about to wholly-owned subsidiaries
Announcement on capital increase of Jiangsu Daye New Energy Technology Co., Ltd
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 omissions.
1、 Overview of this capital increase
In order to meet the needs of the future operation and development of Jiangsu Daye New Energy Technology Co., Ltd. (hereinafter referred to as “Daye new energy”), a wholly-owned subsidiary of Jiangsu Daybright Intelligent Electric Co.Ltd(300670) (hereinafter referred to as “the company”), enhance its capital strength, improve its capital structure, support its business development, and improve its financing ability and anti risk ability, On January 23, 2022, the company held the 14th meeting of the third board of directors. With 5 affirmative votes, 0 negative votes and 0 abstention votes, the company deliberated and adopted the proposal on capital increase of the company to Jiangsu Daye New Energy Technology Co., Ltd., a wholly-owned subsidiary, and agreed to increase the capital of Jiangsu Daye new energy. After the capital increase is completed, The registered capital of Daye new energy will increase from 50 million yuan to 300 million yuan, and it is still a wholly-owned subsidiary of the company.
The capital increase of the company to Daye new energy does not involve related party transactions, nor does it constitute a major asset reorganization as stipulated in the administrative measures for major asset reorganization of listed companies. This capital increase is within the scope of the deliberation authority of the board of directors of the company and does not need to be submitted to the general meeting of shareholders of the company for deliberation.
2、 Basic information of the subject matter of this capital increase
1. Contribution method: whereas the company signed the equity transfer agreement with Ningbo Baoshan bonded port area Baozhou equity investment partnership (hereinafter referred to as “Ningbo Baozhou”), Ningbo Baozhou triggered the equity return clause, resulting in a repurchase amount of RMB 127.5 million from Ningbo Baozhou; According to the creditor’s right and debt transfer agreement signed by the company, Daye new energy, Ningbo Baozhou and relevant parties, the company will transfer the creditor’s right of Ningbo Baozhou of 127.5 million yuan to Daye new energy.
The company plans to contribute to Daye new energy through the creditor’s rights of Ningbo Baozhou of 127.5 million yuan and its own funds of 122.5 million yuan.
2. Basic information:
Company name: Jiangsu Daye New Energy Technology Co., Ltd
Unified social credit Code: 91320115ma1xr20794
Date of establishment: January 9, 2019
Registered capital: 50 million yuan
Legal representative: Wang Dongxiang
Registered address: No. 33, Dongqi Road, Dongshan street, Jiangning District, Nanjing
Business scope: development of energy technology and equipment and technical services; Investment, development, transfer, construction, operation and management services of energy storage and new energy power generation projects; Energy storage and new energy system design, consultation, construction, integration and sales of new energy related equipment and materials; Energy management information system technology development and technical consulting services; Cecep Solar Energy Co.Ltd(000591) technical research, development and technical services; Lithium ion battery manufacturing; Ni MH battery manufacturing; Zinc nickel battery manufacturing; Other battery manufacturing (excluding photovoltaic cells); Battery sales; Sales of electrical and mechanical equipment; Charging pile sales; Provide battery charging service for electric vehicles; EPC services; Energy management services; Energy technology consulting services; Engineering and technical consulting services; Technical consultation and technical services in the field of renewable energy; Information system integration service; Manufacturing of power electronic components; Power electronics technology services; Computer application and electronic equipment manufacturing; Self operated and acting as an agent for the import and export of various commodities and technologies (except for the commodities and technologies limited or prohibited by the state); Power supply; Electricity sales business; Sales, development and technical services of mobile energy storage vehicles and mobile power vehicles. (for projects subject to approval according to law, business activities can be carried out only after being approved by relevant departments) licensed projects: Construction Engineering Design (for projects subject to approval according to law, business activities can be carried out only after being approved by relevant departments, and the specific business projects shall be subject to the approval results). General projects: Engineering and technical research and test development; Repair of special equipment; R & D of energy recovery system; Biomass energy technology services; Research and development of emerging energy technologies; Sales of intelligent power transmission and distribution and control equipment (except for projects subject to approval according to law, carry out business activities independently according to law with business license)
3. Ownership structure:
Before and after this capital increase
Name of shareholder
Subscribed capital contribution proportion subscribed capital contribution proportion
Jiangsu Jiangsu Daybright Intelligent Electric Co.Ltd(300670) Electric Co., Ltd. 5000 100% 300000 100%
limited company
Affiliated relationship and credit status: Jiangsu Daye New Energy Technology Co., Ltd. is a wholly-owned subsidiary of the company, is not a dishonest executee, and has a good credit status.
4. Main financial data of the latest year:
Unit: Yuan
Main financial data September 30, 2021 December 31, 2020
Total assets 12945923.86 10835208.96
Net assets 6720143.47 8396255.68
Total liabilities 6225780.39 2438953.28
Including: total bank loans —
Total current liabilities 6225780.39 2438772.46
Total amount of contingencies (guarantee, litigation, arbitration) —
Main financial data September 30, 2021 December 31, 2020
Operating income —
Total profit -2106434.48 -998402.65
Net profit -1659174.71 -757016.98
Asset liability ratio 48.09% 22.51%
3、 Purpose of this capital increase, impact on the company and existing risks
1. Purpose of this capital increase
In order to meet the needs of the future operation and development of the wholly-owned subsidiary Daye new energy, enhance its capital strength, improve its capital structure, and enhance its financing ability and anti risk ability, so as to promote the smooth implementation of the company’s overall strategic development plan.
2. Impact of this capital increase on the company
This capital increase is a capital increase for a wholly-owned subsidiary. After the capital increase is completed, the company still holds 100% equity of Daye new energy. This capital increase will not change the scope of the company’s consolidated statements, adversely affect the company’s financial and operating conditions, and will not damage the interests of the company and all shareholders.
3. Risks of this capital increase
This capital increase may face the risk of uncertainty in investment income due to policy changes, market competition, operation and management and other factors. After the implementation of the company’s major asset restructuring, the company will fully support Daye new energy in the transformation plan and subsequent business planning of Huajing 01 and Huajing 02 ships, establish and implement effective internal control and risk prevention mechanisms, strengthen internal cooperation, and actively prevent and respond to the business risks faced by the enterprise. Please make careful decisions and pay attention to investment risks.
4、 Documents for future reference
1. Jiangsu Daybright Intelligent Electric Co.Ltd(300670) resolution of the 14th meeting of the third board of directors;
2. Agreement on equity transfer between Baozhou equity investment partnership (limited partnership) of Ningbo Meishan free trade port area and Jiangsu Daybright Intelligent Electric Co.Ltd(300670) Jiangsu Bay Electric Technology Co., Ltd;
3. Credit and debt transfer agreement.
It is hereby announced.
Jiangsu Daybright Intelligent Electric Co.Ltd(300670) board of directors
January 23, 2022
