Securities code: 000517 securities abbreviation: Rongan Property Co.Ltd(000517) Announcement No.: 2022-006 Rongan Property Co.Ltd(000517)
Progress announcement on providing guarantee for holding subsidiaries
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. Special tips:
Rongan Property Co.Ltd(000517) (hereinafter referred to as "the company" and "the company") and its holding subsidiaries have provided external guarantees with a total amount exceeding 100% of the latest audited net assets and 50% of the latest audited net assets of the company for units with an asset liability ratio exceeding 70% The total amount of guarantee provided to units outside the scope of the consolidated statements accounts for 5.65% of the company's latest audited net assets. Please pay attention to the relevant risks.
1、 Overview of guarantee matters
(I) guarantee item I
Due to the financing needs of real estate project development, the company provides joint and several liability guarantee with a total amount of no more than RMB 671.7 million for the holding subsidiary Ningbo Kanghai Real Estate Co., Ltd. (hereinafter referred to as "Kanghai real estate") to accept the project development loan of Ping An Bank Co.Ltd(000001) Ningbo branch, and the guarantee period is three years from the beginning of the debt performance period to the expiration of the performance period, Other guarantee conditions include but are not limited to the pledge of equity of subsidiaries held by the company, land use right or mortgage of projects under construction, etc., which shall be subject to the actually signed relevant contracts.
(II) guarantee II
Due to the financing needs of real estate project development, the company provides joint and several liability guarantee with a total amount of no more than RMB 500 million for the loans accepted by financial institutions by the holding subsidiary Ningbo Rongyou Real Estate Co., Ltd. (hereinafter referred to as "Rongyou real estate"), and the guarantee period is three years from the beginning of the debt performance period to the expiration of the performance period, Other guarantee conditions include but are not limited to the pledge of equity of subsidiaries held by the company, land use right or mortgage of projects under construction, etc., which shall be subject to the actually signed relevant contracts.
(III) guarantee matters III
Due to the financing needs of real estate project development, the company provides joint and several liability guarantee with a total amount of no more than RMB 800 million for the holding subsidiary Wenzhou Rongjin Real Estate Co., Ltd. (hereinafter referred to as "Rongjin real estate") to accept the project development loan of China Zheshang Bank Co.Ltd(601916) Wenzhou Ouhai sub branch, and the guarantee period is three years from the beginning of the debt performance period to the expiration of the performance period, Other guarantee conditions include but are not limited to the pledge of equity of subsidiaries held by the company, land use right or mortgage of projects under construction, etc., which shall be subject to the actually signed relevant contracts.
The company held the 18th extraordinary meeting of the 11th board of directors and the first extraordinary general meeting of shareholders in 2022 on December 24, 2021 and January 10, 2022 respectively, and deliberated and adopted the proposal on the prediction of external guarantee. For details, please refer to securities times, Securities Daily, China Securities News, Shanghai Securities News and www.cn on December 25, 2021 and January 11, 2022 info. com. cn. The announcement of Rongan Property Co.Ltd(000517) on the prediction of external guarantee (Announcement No.: 2021-081) and the announcement of the resolution of the first extraordinary general meeting of shareholders in 2022 (Announcement No.: 2022-004).
According to the above resolutions of the general meeting of shareholders, in 2022, the company will provide a guarantee with a total amount of no more than 10 billion yuan for holding subsidiaries with an asset liability ratio of more than 70%, and a guarantee with a total amount of no more than 5 billion yuan for holding subsidiaries with an asset liability ratio of less than 70%. Within the expected object and amount of guarantee, the general meeting of shareholders authorizes the board of directors to decide the specific matters of each guarantee. While obtaining the authorization of the general meeting of shareholders, the board of directors further authorizes the chairman of the company to decide the specific matters of each guarantee. According to the expected guarantee situation and relevant authorization, the guarantee provided by the company for "Kanghai real estate", "Rongyou real estate" and "Rongjin real estate" belongs to the guarantee provided by the company to the holding subsidiaries with asset liability ratio higher than 70%, which shall be approved and decided by the chairman within the authorized amount of RMB 10 billion.
2、 Basic information of guarantee matters (unit: 10000 yuan)
Guarantee amount
The guaranteed party
Authorize the current approved share of the remaining listed company to be used in the latest period whether to guarantee the shareholding
The total amount of guarantee can be guaranteed by the assets and liabilities of the most recent guarantee related party of the company
Target guarantor guarantee limit period net asset limit guarantee rate limit
proportion
Kanghai 67.1
Assets > 70% 67170 8.18% no real estate 7%
Real estate debt ratio of Rong'an ≥
Rong you
Shares 70% 100% ＞ 70% 1000000 50000 6.09% 802830 no real estate
Limited holding company
Rong Jin of the company
100% ＞ 70% 80000 9.74% no real estate
3、 Basic information of the guaranteed
(I) guarantee object I
1. Company Name: Ningbo Kanghai Real Estate Co., Ltd
2. Date of establishment: June 9, 2021
3. Place of registration: No. 18, Huijin Road, camel street, Zhenhai District, Ningbo City, Zhejiang Province
4. Legal representative: Xu Xiaofeng
5. Registered capital: five hundred and fifty million yuan only
6. Business scope: real estate development and operation; Residential interior decoration
7. Equity structure: Rongan Property Co.Ltd(000517) indirectly holds 67.17% equity of the company, and Ningbo Merchants hi tech Real Estate Co., Ltd. holds 32.83% equity of the company.
8. Related information: "Kanghai real estate" is a holding subsidiary of the company and is not a related party. It has no other relationship with the top ten shareholders of the company in terms of property rights, business, assets, creditor's rights and debts, personnel, etc., which may or has caused the company to favor its interests.
9. Financial data of "Kanghai real estate" in the latest year (unit: yuan)
As of December 31, 2020 and November 30, 2021 (Unaudited)
Total assets - 1917978213.10
Total liabilities - 1919771596.95
Net assets -- 1793383.85
January December 2020 January November 2021 (Unaudited)
Operating income --
Total profit -- 1773452.03
Net profit -- 1793383.85
10. Credit status: good credit status.
11. The guaranteed party is not a dishonest executee.
12. Project overview: plot zh07-03-56, Zhenhai District, Ningbo, developed by "Kanghai real estate", covers an area of 64871 square meters. It is located in Luotuo street, Zhenhai District, east of Dongyi North Road, south of Zhenluo Road, west of Jinhua North Road and north of zhongdahe. The project has convenient transportation and is expected to obtain good investment income.
(II) guarantee object II
1. Company Name: Ningbo Rongyou Real Estate Co., Ltd
2. Date of establishment: August 5, 2020
3. Place of registration: room 171, No. 5, Changhe South Road, Fangqiao street, Fenghua District, Ningbo City, Zhejiang Province
4. Legal representative: Xu Xiaofeng
5. Registered capital: twenty million yuan only
6. Business scope: real estate development and operation
7. Equity structure: Rongan Property Co.Ltd(000517) indirectly holds 100% equity of "Rongyou real estate".
8. Related information: "Rongyou real estate" is an indirect wholly-owned subsidiary of the company and is not a related party. It has no other relationship with the top ten shareholders of the company in terms of property rights, business, assets, creditor's rights and debts, personnel, etc., which may or has caused the company to favor its interests.
9. Financial data of "Rongyou real estate" in the latest year (unit: yuan)
As of December 31, 2020 and November 30, 2021 (Unaudited)
Total assets 2316551194.43 2959132529.97
Total liabilities 2302243977.00 2976310526.00
Net assets 14307217.43 -17177996.03
January December 2020 January November 2021 (Unaudited)
Operating income --
Total profit -1678529.56 -39898251.82
Net profit -1674770.58 -31485213.46
10. Credit status: good credit status.
11. The guaranteed party is not a dishonest executee.
12. Project overview: plot jk05-01-03i, Ningbo Southern New Town, Fenghua District, developed by "Rongyou real estate", covers an area of 73669 square meters, with a plot ratio ≤ 2.3. The plot is located in Fangqiao street, Fenghua district. The plot extends to planned Shanhuang road in the East, planned Branch Road in the south, land scope line in the West and planned Shunpu road in the north. It has a good geographical location, complete surrounding supporting facilities and convenient transportation, It is expected to obtain better investment income.
(III) guarantee object III
1. Company Name: Wenzhou Rongjin Real Estate Co., Ltd
2. Establishment date: May 19, 2021
3. Registered address: room 110-10, building 15, Haipai Jiayuan, Xinqiao street, Ouhai District, Wenzhou City, Zhejiang Province
4. Legal representative: Qian Jinyi
5. Registered capital: four hundred and fifty million yuan only
6. Business scope: real estate development and operation
7. Equity structure: Rongan Property Co.Ltd(000517) indirectly holds 100% equity of "Rongjin real estate".
8. Related information: "Rongjin real estate" is an indirect wholly-owned subsidiary of the company and is not a related party. It has no other relationship with the top ten shareholders of the company in terms of property rights, business, assets, creditor's rights and debts, personnel, etc., which may or has caused the company to favor its interests.
9. Another financial data of "Rongjin real estate" in the latest year (unit: yuan)
As of December 31, 2020 and November 30, 2021 (Unaudited)
Total assets
