Securities code: 002329 securities abbreviation: Royal Group Co.Ltd(002329) Announcement No.: 2022 – 010 Royal Group Co.Ltd(002329)
Announcement on subsidiary companies providing guarantees for listed companies
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
According to the needs of the company’s operation and development, Guangxi Huangshi Dairy Co., Ltd. (hereinafter referred to as “Guangxi Huangshi”, formerly known as Royal Group Co.Ltd(002329) South China Dairy Co., Ltd.), a subsidiary of Royal Group Co.Ltd(002329) (hereinafter referred to as “the company”), intends to provide joint and several liability guarantee for the company to apply for a working capital loan of 60 million yuan from Postal Savings Bank Of China Co.Ltd(601658) Nanning Branch of Guangxi Zhuang Autonomous Region (hereinafter referred to as ” Postal Savings Bank Of China Co.Ltd(601658) Nanning Branch”), The guarantee period is two years from the expiration of the debt performance period under the main contract. In accordance with the guidelines for self-regulation of listed companies of Shenzhen Stock Exchange No. 1 – standardized operation of listed companies on the main board, the articles of association and other relevant provisions, this guarantee has fulfilled the internal decision-making procedures of Guangxi Huangshi and does not need to be submitted to the board of directors or the general meeting of shareholders for deliberation.
2、 Basic information of the guaranteed
1. Company Name: Royal Group Co.Ltd(002329)
2. Date of establishment: May 31, 2001
3. Place of registration: No. 65, Fengda Road, high tech Zone, Nanning
4. Legal representative: Huang Jiadi
5. Registered capital: RMB 837640035
6. Business scope: licensed items: Condiment production; Food production; Dairy production; Beverage production; Purchase of raw and fresh milk; Food sales; Food Internet sales; Road transportation of raw and fresh milk; Road cargo transportation (excluding dangerous goods); Livestock breeding (for items that must be approved according to law, business activities can be carried out only after being approved by relevant departments, and the specific business items shall be subject to the approval documents or licenses of relevant departments) general items: Shenzhen Agricultural Products Group Co.Ltd(000061) production, sales, processing, transportation, storage and other related services; Livestock sales; Grass planting; Animal husbandry and fishery feed sales; Food sales (only pre packaged food); Wholesale of hardware products; Sales of metal products; Sales of non-metallic minerals and products; Sales of metal materials; Metal ore sales; Retail of hardware products; China trade agency; Engaging in investment activities with its own funds; Asset management services invested by self owned funds; Enterprise headquarters management; Corporate image planning; Marketing planning; Socio economic advisory services; Project planning and public relations services; Import and export of goods; Import and export agency; Technology import and export; Internet sales of food (only pre packaged food is sold) (except for items subject to approval according to law, business activities shall be carried out independently according to law with business license)
7. Financial data of the latest year and period:
Unit: (RMB) ten thousand yuan
Project September 30, 2021 December 31, 2020 (data Unaudited) (data audited)
Total assets 585827.73 605874.85
Total liabilities 354435.70 373507.64
Net assets 231392.03 232367.21
January September 2021 2020
(data Unaudited) (data audited)
Operating income 193304.72 249016.87
Total profit 4685.20 -9445.61
Net profit 4496.11 -11325.48
8. Guangxi Huangshi is a subsidiary of Huangshi Dairy Group Co., Ltd., a wholly-owned subsidiary of the company. The company indirectly holds 100% equity of Guangxi Huangshi.
9. The company is not a dishonest person.
3、 Main contents of the guarantee agreement
1. Guarantor: Guangxi Huangshi Dairy Co., Ltd
2. Creditor: Postal Savings Bank Of China Co.Ltd(601658) Nanning Branch of Guangxi Zhuang Autonomous Region
3. Debtor / guaranteed: Royal Group Co.Ltd(002329)
4. Guarantee amount: RMB 60 million
5. Scope of guarantee: the principal, interest (including but not limited to interest, overdue interest and default interest), handling charges and other expenses, taxes, liquidated damages, damages Expenses incurred by the lender to realize its creditor’s rights (including but not limited to legal fees, preservation fees, execution fees, arbitration fees, attorney’s fees, auction fees, travel expenses, etc., except those required to be borne by the lender by laws, regulations, administrative rules, etc.).
6. Guarantee period: two years from the date of expiration of the debt performance period under the main contract.
7. Guarantee mode: joint and several liability guarantee.
4、 Accumulated external guarantees and overdue guarantees
As of the disclosure date of this announcement, the total amount of guarantee of the company and its holding subsidiaries is 1934.66 million yuan. After this guarantee is provided, the balance of external guarantee of the company and its holding subsidiaries is 1506.31 million yuan, accounting for 73.99% of the company’s latest audited net assets; The company and its holding subsidiaries have not provided guarantees to entities outside the consolidated statements, overdue external guarantees, external guarantees involving litigation and losses due to the judgment of losing the guarantee.
5、 Documents for future reference
1. Joint and several liability guarantee contract signed by Guangxi Huangshi and Postal Savings Bank Of China Co.Ltd(601658) Nanning Branch.
2. Guangxi Huangshi shareholders’ decision.
It is hereby announced.
Royal Group Co.Ltd(002329) board of directors
January 25, 2002
