Securities code: 002129 securities abbreviation: Tianjin Zhonghuan Semiconductor Co.Ltd(002129) Announcement No.: 2022-011 Tianjin Zhonghuan Semiconductor Co.Ltd(002129)
Announcement on providing guarantee for subsidiaries to apply for bank loans
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.
1、 Overview of guarantee
1. Brief information of guarantee matters
According to the capital requirements for the construction and operation of the project of Ningxia Zhonghuan photovoltaic materials Co., Ltd. (hereinafter referred to as “Ningxia Zhonghuan”), a wholly-owned subsidiary of Tianjin Zhonghuan Semiconductor Co.Ltd(002129) (hereinafter referred to as “the company”), Ningxia Zhonghuan plans to apply to the bank for a loan of no more than RMB 7.48 billion with a term of no more than 7 years for the construction of 50gw (G12) Cecep Solar Energy Co.Ltd(000591) monocrystalline silicon material smart factory project, etc. The company shall provide relevant guarantee for the loan and be jointly and severally liable for its due repayment.
The above guarantee amount shall be subject to the guarantee contract. With the repayment of financing debt year by year, the guarantee amount will decrease year by year. 2. Consideration of external guarantee disclosed this time
The proposal on providing guarantee for subsidiaries to apply for bank loans has been deliberated and adopted at the 23rd Meeting of the 6th board of directors of the company and needs to be approved by the first extraordinary general meeting of shareholders of the company in 2022.
2、 Basic information of the guaranteed
1. Ningxia central, a wholly-owned subsidiary of the company, was incorporated in February 2021.
(1) Name: Ningxia Zhonghuan photovoltaic material Co., Ltd
(2) Registered address: No. 58, innovation park, Yinchuan economic and Technological Development Zone, Jinfeng District, Yinchuan City, Ningxia Hui Autonomous Region
(3) Legal representative: Jiang Yun
(4) Registered capital: 100 million yuan
(5) Business scope: general items: self support and agency of import and export of various commodities and technologies; Cecep Solar Energy Co.Ltd(000591) manufacturing, sales, technical R & D and technical services of silicon rod (ingot), silicon wafer, semiconductor materials and related products; Processing of monocrystalline silicon and polycrystalline silicon materials; House leasing; Cecep Solar Energy Co.Ltd(000591) photovoltaic project technology development, technical consultation, technical service and operation management (except for licensed business, it can independently operate projects not prohibited or restricted by laws and regulations)
(6) Equity structure: Tianjin Zhonghuan Semiconductor Co.Ltd(002129) holds 100% equity of Ningxia central
(7) Financial data: since Ningxia central was established in February 2021 and has not yet carried out actual operation, the main financial data are not provided yet.
(8) Relationship with the company: Ningxia central is a wholly-owned subsidiary of the company, and the company holds 100% of its equity.
Upon inquiry, Ningxia central does not belong to the dishonest executee.
3、 Opinions of the board of directors
This guarantee complies with the relevant provisions of the regulatory authorities on the external guarantee of listed companies and the relevant requirements of the company’s external guarantee management system. The loan business applied by the subsidiary is mainly used for the needs of the company’s development, which is determined according to the investment planning and capital demand, which is conducive to its long-term and orderly development. The risk of this guarantee is controllable, and the company guarantees that it will not harm the interests of the company and shareholders.
4、 Accumulated external guarantee quantity and overdue guarantee quantity
As of the date of this announcement, the total amount of guarantee of the company and its holding subsidiaries was 8.843 billion yuan. After this guarantee, the total balance of external guarantee of the company and its holding subsidiaries was 16.323 billion yuan, accounting for 84.98% of the latest audited net assets of the listed company. The total balance of guarantees provided by the company and its holding subsidiaries to entities outside the consolidated statements is RMB 10000, accounting for 0% of the latest audited net assets of the listed company.
The company and its holding subsidiaries have no guarantee balance corresponding to overdue debts, the guarantee amount involved in litigation and the guarantee amount to be borne due to the judgment of losing the lawsuit.
5、 Documents for future reference
Resolution of the 23rd Meeting of the 6th board of directors.
It is hereby announced
Tianjin Zhonghuan Semiconductor Co.Ltd(002129) board of directors
January 23, 2022
