Securities code: 300670 securities abbreviation: Jiangsu Daybright Intelligent Electric Co.Ltd(300670) Announcement No.: 2022-010 Jiangsu Daybright Intelligent Electric Co.Ltd(300670) about 2022
Announcement of the company and its subsidiaries applying for credit line and providing guarantee to the bank
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.
Special tips:
After providing the guarantee this time, Jiangsu Daybright Intelligent Electric Co.Ltd(300670) (hereinafter referred to as "the company") provided the guarantee for the holding subsidiary, the total amount of which exceeded 100% of the latest audited net assets, and drew investors' full attention to the guarantee risk.
The company held the 14th meeting of the third board of directors on January 23, 2022, and deliberated and adopted the proposal on the company and its subsidiaries applying for credit line and providing guarantee to banks in 2022 with 5 affirmative votes, 0 negative votes and 0 abstention. The relevant information is announced as follows:
1、 Overview of comprehensive credit line and guarantee of application bank
According to the company's development plan, in order to meet the demand for working capital, the company and its subsidiaries intend to apply to the bank for a comprehensive credit line of no more than RMB 550 million in 2022, which is mainly used for handling working capital loans, fixed asset loans, contract financing, M & A loans, issuing bank acceptance bills, letters of credit, letter of guarantee, bill discount, bank factoring, trade financing Supply chain financing and other business types. The above comprehensive credit term is valid within one year from the date of deliberation and approval by the general meeting of shareholders of the company. The specific business types and credit lines shall be subject to the final approval of each bank.
In 2022, the company plans to provide a guarantee with a total amount of no more than 300 million yuan for the holding subsidiary within the scope of the company's consolidated statements to apply for a comprehensive credit line from the bank.
According to the Shenzhen Stock Exchange GEM Listing Rules, the articles of association and other relevant provisions, the above matters need to be submitted to the company's first extraordinary general meeting in 2022 for deliberation and approval before they can take effect.
The board of directors of the company requests the general meeting of shareholders to authorize the management of the company to sign credit, loan, mortgage, pledge, guarantee contract, voucher and other legal documents related to credit financing on behalf of the company with relevant banks. The authorization period is valid within one year from the date of deliberation and approval by the general meeting of shareholders of the company.
2、 Main contents of credit and guarantee agreement
At present, the company has not signed relevant credit and guarantee agreements, and the total amount of the above credit and guarantee is only the credit line to be applied and the guarantee line to be provided by the company. The specific credit and guarantee amount shall be subject to the contract signed when bank lending is carried out according to the actual capital demand, and the above line can be recycled within the validity period. The company will timely perform the corresponding information disclosure obligations according to the actual situation and relevant laws and regulations.
3、 Opinions of the board of directors and independent directors
1. Opinions of the board of directors
After deliberation, the board of directors held that the company and its subsidiaries applied for comprehensive credit from the bank in order to meet the needs of production and operation and facilitate further business expansion. The guarantee objects are holding subsidiaries included in the company's consolidated statements. During the guarantee period, the company has the ability to control its operation and management risks, and the financial risks are within the company's control. The guarantee provided by the company is in line with the overall interests of the company and will not have an adverse impact on the company. There is no violation of relevant laws and regulations and the articles of association.
2. Opinions of independent directors
The company and its subsidiaries apply for comprehensive credit from the bank for the needs of the company's operation and development, which is conducive to promoting the business development of the company and its subsidiaries. The company provides guarantee for the credit of the holding subsidiaries within the scope of the company's consolidated statements within the comprehensive credit line applied this time, which can improve the bank credit of relevant companies and help them meet the capital needs of production and operation, At the same time, improve the approval efficiency and enhance its market competitiveness, which is in line with the company's development strategy. This time, the overall guarantee scope and amount of the company are clarified, which is conducive to the standardized operation of the company. The company and its subsidiaries have good reputation and operating conditions. The guarantee risk is controllable and will not adversely affect the normal operation and business development of the company and its subsidiaries. The approval of this matter complies with the provisions of relevant laws, regulations and the articles of association, and there is no situation that damages the interests of the company and all shareholders, especially the interests of minority shareholders.
5、 Accumulated external guarantees and overdue guarantees
After the guarantee is provided, the guarantee amount provided by the company to its subsidiaries is 1320 million yuan, accounting for 142.51% of the audited net assets of 926255148.10 yuan in 2020. As of the disclosure date of this announcement, the balance of guarantees actually incurred and being performed between the company and its subsidiaries is 30 million yuan, accounting for 3.24% of the audited net assets of 926255148.10 yuan in 2020. In addition to the above guarantees, the company and its subsidiaries have no other external guarantees being performed. The company has no overdue guarantee, no guarantee amount involved in litigation, and the amount of loss due to the judgment of losing the guarantee.
6、 Documents for future reference
1. Jiangsu Daybright Intelligent Electric Co.Ltd(300670) resolution of the 14th meeting of the third board of directors;
2. Jiangsu Daybright Intelligent Electric Co.Ltd(300670) independent directors' independent opinions on relevant matters of the 14th meeting of the third board of directors.
It is hereby announced.
Jiangsu Daybright Intelligent Electric Co.Ltd(300670) board of directors
January 23, 2022
