600256: Guanghui Energy Co.Ltd(600256) announcement of external guarantee plan in 2022

Securities code: 600256 securities abbreviation: Guanghui Energy Co.Ltd(600256) Announcement No.: 2022-005

Guanghui Energy Co.Ltd(600256)

Announcement of external guarantee plan in 2022

The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.

Important content tips:

Name of the guaranteed party: Guanghui Energy Co.Ltd(600256) (hereinafter referred to as “the company”) has 13 first-class wholly-owned and holding subsidiaries and their subsidiaries, 1 company with 50% equity participation and joint control, and 1 company with equity participation not included in the scope of consolidated statements. See the attached table of this announcement for the specific information of the guaranteed object. ● estimated total guarantee amount in 2022: no more than 20 billion yuan.

Cumulative amount of external guarantee: as of September 30, 2021, the total amount of guarantee provided by the company to external (holding subsidiaries and joint-stock companies) was 15880147600 yuan, and there was no overdue guarantee.

This guarantee needs to be submitted to the general meeting of shareholders of the company for deliberation and approval.

In order to ensure the continuous and steady development of the company’s production and operation and meet the financing guarantee needs of the company, its holding subsidiaries and joint-stock companies, on the premise of standardized operation and controllable risk, combined with the guarantee implementation in 2021, the guarantee plan for 2022 is expected to be as follows:

1、 Overview of guarantee

(I) guarantee forecast in 2022

As of September 30, 2021, the total amount of guarantees provided by the company to foreign companies (holding subsidiaries and joint-stock companies) was 15880147600 yuan; It is estimated that the total amount of guarantee provided by the company will not exceed 20 billion yuan in 2022, and the net new guarantee amount is expected to be 4 billion yuan. Of which:

1. It is estimated that the guarantee of the company, its holding subsidiaries and companies with 50% equity participation will be jointly controlled

In 2022, it is expected that the company, its holding subsidiaries and companies with 50% equity participation will realize joint control, including: Guanghui Energy Co.Ltd(600256) comprehensive logistics development Co., Ltd., Xinjiang Guanghui new energy Co., Ltd. and its subsidiaries, Guanghui international natural gas Trading Co., Ltd., Xinjiang Guanghui coal clean refining Co., Ltd Xinjiang Guanghui LNG Development Co., Ltd. and its subsidiaries, Xinjiang hongnaosan Railway Co., Ltd., Guazhou Guanghui Energy Co.Ltd(600256) Logistics Co., Ltd. and its subsidiaries, Hami Guanghui Environmental Protection Technology Co., Ltd., Xinjiang Guanghui Luyou sulfur Chemical Co., Ltd., Xinjiang Guanghui Chemical Sales Co., Ltd., Xinjiang Hami Guanghui Logistics Co.Ltd(600603) Co., Ltd., Yiwu Guanghui Energy Co.Ltd(600256) Logistics Co., Ltd Xinjiang Guanghui carbon technology comprehensive utilization Co., Ltd. and Gansu Honghui energy and Chemical Co., Ltd. added a total of 3.9 billion yuan in net guarantees.

2. Guarantee estimates of joint-stock companies not included in the scope of consolidated statements

Xinjiang xinhuixia clean energy Co., Ltd. is a joint-stock company of Xinjiang Guanghui coal clean refining Co., Ltd., the holding subsidiary of the company, and subscribed 34% of its registered capital. Shandong Huidong new energy Co., Ltd. and Chongqing Sanxia Paints Co.Ltd(000565) respectively subscribed 33% of their registered capital. The company has stable financial situation, good credit standing, standardized operation and controllable risk. According to the actual needs of production, operation and development of Xinjiang xinhuixia clean energy Co., Ltd., it is expected that the company will provide 34% guarantee according to the shareholding ratio in 2022. At the same time, Xinjiang xinhuixia clean energy Co., Ltd. will provide the corresponding guarantee of the company with the mortgage of assets with the same value as the counter guarantee. It is expected that the net additional guarantee amount in 2022 will be 100 million yuan.

Note: the details of the above guarantee are detailed in the annex.

(II) the company is expected to increase the guarantee amount in 2022. The actual guarantee amount depends on the actual loan amount between the guaranteed party and financial institutions and non-financial institutions such as banks. The types of guarantee business include but are not limited to bank credit, bills, letters of credit, trade financing, trust loan, financial leasing, debt restructuring and other businesses.

The guarantee business of bank financing includes but is not limited to the existing or new financing business to be handled by the company in each bank listed in Annex 1 “expected details of guarantees of the company and its holding subsidiaries and companies with 50% shares under common control in 2022” and Annex 2 “expected details of guarantees of companies not included in the consolidated statements in 2022” (hereinafter referred to as “annex details”).

The guarantee business of financial leasing includes but is not limited to the financial leasing business of no more than 1 billion yuan to be handled by Xinjiang Guanghui new energy Co., Ltd. and Xinjiang Guanghui coal clean refining Co., Ltd. in Xinda Financial Leasing Co., Ltd., of which the first phase of Xinjiang Guanghui new energy Co., Ltd. plans to handle the financial leasing business of 300 million yuan in Xinda Financial Leasing Co., Ltd.

The guarantee business of debt restructuring (trust loan) includes but is not limited to the debt restructuring (trust loan) business of no more than 1 billion yuan proposed to be handled by Xinjiang Guanghui new energy Co., Ltd. and its subsidiaries and Xinjiang Guanghui coal clean refining Co., Ltd. in China Xinda Asset Management Co., Ltd.

On the premise that the annual estimated total amount does not exceed, the guarantee amount of the company listed in the annex can be adjusted internally. The specific guarantee arrangement shall be subject to the contracts signed with various financial institutions and non-financial institutions. (III) the guarantee provided by the company to foreign companies (holding subsidiaries and joint-stock companies) includes but is not limited to guarantee, pledge and mortgage.

(IV) the scope of guarantee includes the company’s guarantee to the company listed in the annex, the company’s guarantee to the company listed in the annex and the guarantee between the companies listed in the annex.

2、 Basic information of the guaranteed

Please refer to the attachment for the basic information of the guaranteed.

3、 Main contents of the guarantee agreement

At present, the relevant entities have not signed the relevant guarantee agreement. The expected guarantee limit for 2022 is the expected maximum guarantee limit. This limit will take effect after being submitted to the general meeting of shareholders of the company for deliberation and approval.

4、 Opinions of the board of directors

The board of directors of the company believes that the above guarantee matters meet the needs of the operation and development of the company and its subsidiaries, are conducive to the sound development of the company, are in line with the overall interests of the company, and the guaranteed party has stable financial status, good credit status and the ability to repay the due debts.

The independent directors of the company believe that: according to the requirements of the notice on regulating the external guarantee behavior of listed companies (Zheng Jian Fa [2005] No. 120) of China Securities Regulatory Commission and the stock listing rules of Shanghai Stock Exchange, as the independent directors of the company, we are in a serious, responsible and realistic attitude, We have carefully investigated the external guarantee of the company: as of September 30, 2021, the total amount of guarantee provided by the company (holding subsidiaries and joint-stock companies) is 15880147600 yuan, and there is no overdue guarantee. Providing guarantee for the loan of subsidiaries will help the subsidiaries raise funds efficiently and smoothly and further improve economic benefits, without damaging the interests of the company, especially the minority shareholders.

The company made an estimate of the external guarantee in 2022 and reviewed it according to relevant procedures, which not only took into account the efficient requirements of the company’s actual development and business decision-making, but also met the relevant requirements of laws and regulations. Agree to the company’s external guarantee forecast in 2022 and submit it to the company’s general meeting of shareholders for deliberation.

5、 Accumulated external guarantee amount and overdue guarantee amount

As of September 30, 2021, the total amount of guarantees provided by the company to foreign companies (holding subsidiaries and joint-stock companies) was 15880147600 yuan, accounting for 94.54% of the owner’s equity attributable to the parent company in the latest audit (2020), of which: the total amount of guarantees provided to the holding subsidiaries of the company was 15230120300 yuan, Accounting for 90.67% of the owner’s equity attributable to the parent company in the latest audit (2020). There is no overdue guarantee.

Annex 1: estimated guarantee details of the company, its holding subsidiaries and companies with 50% shares under common control in 2022.

Annex 2: expected details of guarantees of joint-stock companies not included in the scope of consolidated statements in 2022. It is hereby announced.

Guanghui Energy Co.Ltd(600256) board of directors January 25, 2002

Annex 1: estimated guarantee details of the company, its holding subsidiaries and companies with 50% shares under common control in 2022

It is estimated that in 2022, the company’s name, shareholding registered capital, registered address, legal business scope, main financial indicators, annual net newly added number proportion, representative Insured amount (unit: 100 million yuan)

Dangerous goods class 2, item 1 road transportation (limited to obtaining the road transportation operation license). As of December 31, 2020, the total assets of the company

The automobile transportation branch (operating), freight forwarding services, liquefied natural gas for 3796.2848 million yuan, with a total liability of 2785.9345 million yuan

Industry, car rental services, parking lot services, coal wholesale, liquefied natural gas, RMB yuan, total current liabilities 2525783100 yuan, net assets

Guanghui Energy Co.Ltd(600256) complex Qidong lvsigang gas equipment sales and leasing, house leasing agency services, urban energy project 1010350300 yuan, operating income 1229635200 yuan

Liu Development Co., Ltd. invested in economic development zones, provided freight port services, self operated and agent general business projects, and made a net profit of 797.0675 million yuan. (audited)

1. The company (99% of the company) is responsible for the import and export business of 58 million yuan of industrial new materials industry Tan Baishu. (projects subject to approval according to law are approved by relevant departments. As of September 30, 2021, the total assets of the company are 5

Holding subsidiary) business activities can be carried out only after the park is approved) licensed items: accommodation services; The total liabilities of food industry amounted to 2407.6689 million yuan after 3735.5078 million yuan

Battalion; Catering services (items subject to approval according to law, after being approved by relevant departments, the total current liabilities are 2004118900 yuan and the net assets are

Business activities can only be carried out. The specific business items shall be subject to the approval results) I. 1327838900 yuan, and the operating income is 978513300 yuan,

General items: Housing leasing (except for the items that must be approved according to law, the net profit held by business is 573394700 yuan. (Unaudited)

Carry out business activities independently according to law)

Licensed items: production of hazardous chemicals; Operation of hazardous chemicals; Hazardous chemistry

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