Securities code: 002329 securities abbreviation: Royal Group Co.Ltd(002329) Announcement No.: 2022 – 009 Royal Group Co.Ltd(002329)
Progress announcement on providing guarantee for 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.
1、 Overview of guarantee
Royal Group Co.Ltd(002329) (hereinafter referred to as “the company”) held the 44th meeting of the Fifth Board of directors and the third extraordinary general meeting of shareholders in 2021 on August 23, 2021 and September 10, 2021 respectively, and deliberated and adopted the proposal on adjusting and increasing the prediction of external guarantee amount, so as to ensure the needs of project construction and normal production and operation of relevant subordinate companies of the company, The company has adjusted and added the guarantee amount to its subordinate companies, which is expected to reduce the guarantee amount approved by the previous shareholders’ meeting but not actually used, 146 million yuan, an additional 290 million yuan, and the guarantee method is a joint and several liability guarantee guarantee. The validity period of the guarantee is within twelve months from the date of the third extraordinary shareholders’ meeting on 2021. The guarantee amount can be used circularly and rollably. Within the scope of resolutions of the board of directors and the general meeting of shareholders, the above guarantee amount is expected to be adjusted among qualified subsidiaries. For details, please refer to China Securities Journal, securities times, Shanghai Securities News, securities daily and cninfo (www.cn. Info. Com. CN.) on August 25, 2021 The announcement of Royal Group Co.Ltd(002329) on adjusting and adding the estimated amount of external guarantee (Announcement No.: 2021-052) disclosed on the.
According to the authorization of the third extraordinary general meeting of shareholders in 2021, in order to meet the business development needs of the subordinate company Royal Group Co.Ltd(002329) Dejiang Deyuan animal husbandry Co., Ltd. (hereinafter referred to as “Dejiang animal husbandry”), with the total guarantee amount unchanged, The company transferred the guarantee amount of 20 million yuan released by its subsidiary Zhejiang Zhuwang Technology Co., Ltd. and Royal Group Co.Ltd(002329) Zunyi Dairy Co., Ltd. (hereinafter referred to as “Zunyi Dairy”) to Dejiang animal husbandry. The guarantee amount of this adjustment is as follows:
Unit: (RMB) ten thousand yuan
The general meeting of shareholders of the secured party deliberated and approved the guarantee transferred this time, the guarantee amount and the degree of guarantee after this transfer
Zhejiang Zhuwang Technology Co., Ltd. 2000-2000 0
Royal Group Co.Ltd(002329) Zunyi Dairy Co., Ltd. 6000-4000 2000 Division
Dejiang Deyuan animal husbandry Co., Ltd
2、 Guarantee progress
Recently, Dejiang animal husbandry, a subsidiary of Zunyi dairy, applied for a fixed asset loan of 60 million yuan from Industrial And Commercial Bank Of China Limited(601398) Dejiang County sub branch (hereinafter referred to as “Dejiang sub branch of ICBC”) and the guarantee method is to provide joint and several liability guarantee for the company, Zunyi dairy and Dejiang County poverty alleviation and Development Investment Co., Ltd. (hereinafter referred to as “Dejiang County Poverty Alleviation Office”).
Zunyi dairy and Dejiang animal husbandry have fulfilled the review procedures on this guarantee.
The above guarantees are within the guarantee limit approved by the general meeting of shareholders of the company.
3、 Basic information of the guaranteed
1. Company Name: Royal Group Co.Ltd(002329) Dejiang Deyuan animal husbandry Co., Ltd
2. Date of establishment: September 29, 2019
3. Place of registration: Lianhe village, Fuxing Town, Dejiang County
4. Legal representative: Li Rongjiu
5. Registered capital: RMB 28.57 million
6. Business scope: those prohibited by laws, regulations and decisions of the State Council shall not be operated; If the license (examination and approval) is required by laws, regulations and decisions of the State Council, the business shall be operated on the basis of the license (examination and approval) documents after being approved by the examination and approval authority; If the laws, regulations and decisions of the State Council stipulate that there is no need for permission (examination and approval), the market entities shall choose to operate independently. (breeding and sales of cattle, sheep and chickens; planting and sales of forage and forage; planting and sales of fruits and vegetables, production and sales of organic fertilizer, agricultural sightseeing. Planting, processing and sales of forage; breeding and sales of livestock and poultry (limited to branch operations); Animal husbandry machinery, processing and sales of organic fertilizer; Technical services of animal husbandry industry.)
7. Shareholder structure: Zunyi dairy accounts for 70% and Dejiang Poverty Alleviation Office 30%.
8. Total amount involved in contingencies (including guarantee, mortgage, litigation and arbitration matters): None
9. 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 4079.93 2819.15
Total liabilities 91.97 73.37
Net assets 3987.96 2745.78
January September 2021 2020
(data Unaudited) (data audited)
Operating income 0.00 0.00
Total profit -7.79 -3.62
Net profit -7.81 -3.62
10. Relationship with listed companies: Zunyi dairy is a subsidiary of Royal Group Co.Ltd(002329) Dairy Co., Ltd. (formerly known as Royal Group Co.Ltd(002329) (Guangxi) dairy Holding Co., Ltd.), a wholly-owned subsidiary of the company. Zunyi dairy holds 70% equity of Dejiang animal husbandry.
Dejiang animal husbandry is not a dishonest person.
4、 Main contents of the guarantee agreement
1. Guarantor: Royal Group Co.Ltd(002329) , Royal Group Co.Ltd(002329) Zunyi Dairy Co., Ltd., Dejiang poverty alleviation and Development Investment Co., Ltd
2. Creditor: Industrial And Commercial Bank Of China Limited(601398) Dejiang County sub branch
3. Debtor / guaranteed: Royal Group Co.Ltd(002329) Dejiang Deyuan animal husbandry Co., Ltd
4. Guarantee amount: RMB 60 million
5. Scope of guarantee: principal, interest, compound interest, default interest, liquidated damages, damages, other payments payable by the debtor to the creditor, etc. of the main debt that Dejiang animal husbandry should bear.
6. Guarantee period: 3 years from the date of expiration of the debt performance period agreed in the main contract.
7. Guarantee mode: joint and several liability guarantee.
5、 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.
6、 Documents for future reference
1. The guarantee contract signed by the company and Dejiang branch of ICBC, and the guarantee contract signed by ICBC, Zunyi dairy and Dejiang Poverty Alleviation Office.
2. Resolutions of the shareholders’ meeting of Zunyi dairy and Dejiang animal husbandry.
It is hereby announced.
Royal Group Co.Ltd(002329)
Board of directors
January 25, 2002
