Securities code: 600679 900916 stock abbreviation: Shanghai Phoenix Enterprise (Group) Co.Ltd(600679) Phoenix B share No.: 2022-007 Shanghai Phoenix Enterprise (Group) Co.Ltd(600679) enterprise (Group) Co., Ltd
Announcement on providing guarantee for Phoenix Bicycle, a wholly-owned subsidiary
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 guarantor: Shanghai Phoenix Enterprise (Group) Co.Ltd(600679) Bicycle Co., Ltd
Amount of this guarantee: the total amount of this guarantee is 70 million yuan.
Accumulative total amount of external guarantee: RMB 285 million (including this guarantee)
Whether there is counter guarantee in this guarantee: None
Cumulative overdue amount of external guarantee: None
1、 Guarantee overview
Due to business needs, the wholly-owned subsidiary of Shanghai Phoenix Enterprise (Group) Co.Ltd(600679) enterprise (Group) Co., Ltd. (hereinafter referred to as the company) Shanghai Phoenix Enterprise (Group) Co.Ltd(600679) Bicycle Co., Ltd. (hereinafter referred to as Phoenix Bicycle) plans to apply for a comprehensive credit line of 70 million yuan from Bank Of Ningbo Co.Ltd(002142) Shanghai Branch (hereinafter referred to as Bank Of Ningbo Co.Ltd(002142) ), and the company plans to provide credit guarantee for it, The total guarantee amount is 70 million yuan.
2、 Basic information of the guaranteed
Name: Shanghai Phoenix Enterprise (Group) Co.Ltd(600679) Bicycle Co., Ltd
Address: No. 388, Zhongda Road, Zhujing Town, Jinshan District, Shanghai
Legal representative: Zhou Yongchao
Registered capital: RMB 62.7451 million
Date of establishment: November 16, 2006
Business scope: pedal bicycles, electric bicycles, baby carriages, fitness equipment, production of supporting products related to the above products, engaged in technical development, technical services and technical consultation in the field of bicycles, rental of self owned houses, mother and baby supplies, daily necessities, entertainment equipment and entertainment supplies, outdoor supplies, toys, sanitary ware and household supplies. (for projects subject to approval according to law, business activities can be carried out only after approval by relevant departments)
As of December 31, 2020, Phoenix Bicycle had total assets of 416.064 million yuan, total liabilities of 274.353 million yuan, net assets of 142.3011 million yuan, operating income of 1128.7258 million yuan and net profit of 95.7427 million yuan in 2020.
As of September 30, 2021, Phoenix Bicycle had total assets of 712474300 yuan, total liabilities of 518180300 yuan and net assets of 194294000 yuan. In the first three quarters of 2021, the operating revenue was 943.5097 million yuan and the net profit was 52.1055 million yuan.
3、 Main contents of the guarantee agreement
Guarantor: Shanghai Phoenix Enterprise (Group) Co.Ltd(600679) enterprise (Group) Co., Ltd
Lender: Bank Of Ningbo Co.Ltd(002142) Shanghai Branch
Trustee: Shanghai Phoenix Enterprise (Group) Co.Ltd(600679) Bicycle Co., Ltd
The scope of guarantee includes the principal of creditor’s rights, interest (including legal interest, agreed interest and default interest), compound interest, handling charges, liquidated damages, damages, expenses for realizing creditor’s rights (including but not limited to litigation expenses, lawyer’s expenses, notarization expenses, execution expenses, etc.) and all other expenses payable by the trustee to the Credit Lender under the main contract.
The guarantee period is one year from the date when the trustee’s debt performance period agreed in the specific credit business contract or agreement expires.
4、 Opinions of the board of directors
Phoenix Bicycle is a wholly-owned subsidiary of the company. After analyzing the assets and operating conditions of Phoenix Bicycle, the board of directors of the company believes that Phoenix Bicycle has the ability to repay debts, and the company provides guarantee for Phoenix Bicycle, which is conducive to meeting the financing needs of Phoenix Bicycle and reducing its financing cost, which is in line with the overall development strategy of the company.
This guarantee does not violate the spirit of the notice on regulating the external guarantee behavior of listed companies (zjf [2005] No. 120).
Since the amount of guarantee provided by the company for its subsidiaries this time does not exceed 10% of the audited owner’s equity attributable to the parent company in 2020, this guarantee does not need to be submitted to the general meeting of shareholders of the company for deliberation.
5、 Accumulated external guarantees and overdue guarantees
Up to now, the balance of guarantees provided by the company for its holding subsidiaries is 285 million yuan (including this guarantee), accounting for 14.99% of the company’s latest audited net assets.
Up to now, the company has no overdue guarantee.
It is hereby announced.
Board of directors of Shanghai Phoenix Enterprise (Group) Co.Ltd(600679) enterprise (Group) Co., Ltd. January 26, 2022
