Securities code: 002221 securities abbreviation: Oriental Energy Co.Ltd(002221) Announcement No.: 2022-002 Oriental Energy Co.Ltd(002221)
Announcement of the resolution of the 34th meeting of the 5th board of directors
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.
The notice of the 34th meeting of the 5th board of directors of Oriental Energy Co.Ltd(002221) (hereinafter referred to as “the company” or ” Oriental Energy Co.Ltd(002221) “) has been notified to all directors in writing, fax, e-mail and other forms on January 14, 2022. The 34th session of the 5th board of directors was held in the company’s conference room on January 25, 2022. There are 7 directors who should attend the meeting and 7 actually attend the meeting. The meeting was presided over by Chairman Zhou Yifeng and reached a quorum. The supervisors and senior executives of the company attended the meeting as nonvoting delegates. The meeting complied with relevant laws and regulations. After deliberation and voting, the following proposals were adopted: I. proposal on joint venture with industrial control new materials investment (Maoming) Co., Ltd. to promote the smooth implementation of Maoming acrylonitrile project and give full play to the advantages of both parties, Accelerate the transformation of the company into a manufacturer of polymer composites and synthetic materials. After deliberation by the board of directors, it is agreed that the company and industrial control new materials investment (Maoming) Co., Ltd., a holding subsidiary of Guangzhou Industrial Investment Holding Group Co., Ltd., jointly establish Maoming Nanhai new materials Co., Ltd. (tentative name), which is specially responsible for the construction of Maoming acrylonitrile industrial chain project. The construction period of the project is about 2 years, including but not limited to the following contents: invest in the construction of a 260000 T / a acrylonitrile unit, a 600000 T / a ABS unit and supporting devices, utilities and auxiliary facilities (see Announcement No. 2021-054 for details).
Agree to submit this proposal to the general meeting of shareholders for deliberation.
The above matters do not constitute related party transactions and do not involve major asset restructuring matters specified in the administrative measures for major asset restructuring of listed companies. For details, please refer to the securities times on January 26, 2022 and www.cninfo.com info. com. cn. Proposal on establishing a joint venture project company with industrial control new material investment (Maoming) Co., Ltd.
Voting result: Yes: 7 votes; Against: 0 votes; Abstention: 0 votes; Avoidance: 0 votes. The motion was passed. 2、 Proposal on the application of the company and its subsidiaries for comprehensive credit from the bank
Due to the business needs of the company, the board of directors agreed after deliberation that the company and its holding subsidiaries Oriental Energy Co.Ltd(002221) (Zhangjiagang) new materials Co., Ltd. (hereinafter referred to as “Zhangjiagang new materials”) and Oriental Energy Co.Ltd(002221) (new materials “)
Jiapo) International Trade Co., Ltd. (hereinafter referred to as “Singapore Donghua”), Taicang Oriental Energy Co.Ltd(002221) Gas Co., Ltd
Company (hereinafter referred to as “Taicang Donghua”), Oriental Energy Co.Ltd(002221) (Ningbo) new materials Co., Ltd. (hereinafter referred to as
“Ningbo new materials”), Ningbo baidinian liquefied petroleum gas Co., Ltd. (hereinafter referred to as “Ningbo baidinian”)
Apply to relevant cooperative banks for comprehensive credit with a total amount of no more than RMB 5.678 billion (the original credit line is
5.398 billion yuan), and the above amount will come into effect after being approved by relevant banks. The details are as follows:
Unit: 100 million yuan (RMB)
Order company name current credit project credit term of financial institution original signal line method credit line
1 Oriental Energy Co.Ltd(002221) Ping An Bank Co.Ltd(000001) Nanjing branch 4 comprehensive credit extension is approved by the bank 4
One year from the date of
1.5 the comprehensive credit shall be approved by the bank
2 one year from the date of Oriental Energy Co.Ltd(002221) Industrial And Commercial Bank Of China Limited(601398)
Zhangjiagang branch’s project financing guarantee is approved by the bank
Five years from the date of special credit
3 Zhangjiagang Ping An Bank Co.Ltd(000001) Nanjing branch 4 comprehensive credit guarantee approved by the bank 4
One year from the date of new materials
2. The comprehensive credit guarantee shall be approved by the bank
One year from the date of Zhangjiagang Industrial And Commercial Bank Of China Limited(601398)
4 new materials Zhangjiagang branch project financing is approved by the bank
9.38 fifteen years from the date of special credit guarantee
5.5 the comprehensive credit shall be approved by the bank
5 one year from the date of Ningbo Industrial And Commercial Bank Of China Limited(601398) Ningbo Branch
8.5 project financing guarantee of new materials is approved by the bank
Ten years from the date of special credit
6 Ningbo Beilun Rural Commercial Bank Co., Ltd. 1 comprehensive credit guarantee since the approval of the bank 0
One year from the date of new material Daxie sub branch
7 Singapore Ping An Bank Co.Ltd(000001) Nanjing branch 4 comprehensive credit guarantee approved by the bank 2
One year from the date of Donghua
US $100 million US $100 million 8 Singapore Industrial And Commercial Bank Of China Limited(601398) (about 640 million yuan) comprehensive credit guarantee approved by the bank (about RMB of Donghua Singapore Branch) (RMB 640 million a year from the date of)
4. The comprehensive credit shall be approved by the bank
9 one year from the date of Ningbo Industrial And Commercial Bank Of China Limited(601398) Ningbo Branch
The financing guarantee of the project is approved by the bank
Ten years from the date of special credit
10 Taicang Donghua Industrial And Commercial Bank Of China Limited(601398) Taicang sub branch 0.3 comprehensive credit extension credit from bank approval 0.5
One year from the date of
Total 56.78 53.98
As of the effective date of the resolution of the board of directors, in addition to the above-mentioned new comprehensive credit lines, various comprehensive credit lines of the company and its holding subsidiaries approved by the resolution of the board of directors and still in effect are 29.126 billion yuan, including Oriental Energy Co.Ltd(002221) 6.402 billion yuan and 22.724 billion yuan for its holding subsidiaries.
The actually used amount is 19.547 billion yuan, including Oriental Energy Co.Ltd(002221) 3.216 billion yuan and 16.331 billion yuan for holding subsidiaries (excluding the amount considered by the board of directors). Voting result: Yes: 7 votes; Against: 0 votes; Abstention: 0 votes. The motion was passed.
3、 Proposal on granting bank credit guarantee to Oriental Energy Co.Ltd(002221) (Zhangjiagang) new materials Co., Ltd. in order to meet the business development needs of the subsidiary, the board of directors agreed after deliberation to provide guarantee for the comprehensive credit of RMB 600 million applied by the subsidiary Oriental Energy Co.Ltd(002221) (Zhangjiagang) new materials Co., Ltd. to relevant banks, and the guarantee period shall be subject to the actually signed guarantee contract.
The fourth extraordinary general meeting of shareholders in 2021 has deliberated and approved the proposal on granting comprehensive credit guarantee line to subsidiaries and authorizing the approval of the board of directors, which authorizes the board of directors to approve the provision of guarantee to subsidiaries according to the approval of bank credit within the guarantee line (foreign currency is converted according to the exchange rate of the same period) and validity period of this year. This proposal will come into force after being deliberated and approved by the board of directors.
For details, please refer to the securities times on January 26, 2022 and www.cninfo.com info. com. cn. Announcement on granting bank credit guarantee to subsidiaries.
Voting result: Yes: 7 votes; Against: 0 votes; Abstention: 0 votes. The motion was passed.
4、 Proposal on granting bank credit guarantee to Oriental Energy Co.Ltd(002221) (Ningbo) new materials Co., Ltd. in order to meet the needs of business development of the subsidiary, the board of directors agreed after deliberation to provide guarantee for the 650 million yuan comprehensive credit applied by the subsidiary Oriental Energy Co.Ltd(002221) (Ningbo) new materials Co., Ltd. to relevant banks, and the guarantee period shall be subject to the actually signed guarantee contract.
The fourth extraordinary general meeting of shareholders in 2021 has deliberated and approved the proposal on granting comprehensive credit guarantee line to subsidiaries and authorizing the approval of the board of directors, which authorizes the board of directors to approve the provision of guarantee to subsidiaries according to the approval of bank credit within the guarantee line (foreign currency is converted according to the exchange rate of the same period) and validity period of this year. This proposal will come into force after being deliberated and approved by the board of directors.
For details, please refer to the securities times on January 26, 2022 and www.cninfo.com info. com. cn. Announcement on granting bank credit guarantee to subsidiaries.
Voting result: Yes: 7 votes; Against: 0 votes; Abstention: 0 votes. The motion was passed.
5、 Proposal on granting bank credit guarantee to Oriental Energy Co.Ltd(002221) (Singapore) International Trade Co., Ltd
In order to meet the business development needs of the subsidiary, the board of directors agreed after deliberation: 1. Apply to relevant banks for the subsidiary Oriental Energy Co.Ltd(002221) (Singapore) International Trade Co., Ltd
