Wuxi Lead Intelligent Equipment Co.Ltd(300450)
Announcement on providing guarantee for wholly-owned subsidiaries to apply for bank credit
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.
On January 26, 2022, the 10th meeting of the 4th board of directors and the 10th meeting of the 4th board of supervisors of Wuxi Lead Intelligent Equipment Co.Ltd(300450) (hereinafter referred to as “the company” or ” Wuxi Lead Intelligent Equipment Co.Ltd(300450) “) deliberated and adopted the proposal on providing guarantee for wholly-owned subsidiaries to apply for bank credit extension, It is agreed that the company will provide joint and several liability guarantee for the bank credit application of the wholly-owned subsidiary Zhuhai Titan New Power Electronics Co., Ltd. (hereinafter referred to as “Titan new power”), with a total amount of no more than 4 billion yuan. They are: apply to Agricultural Bank Of China Limited(601288) Zhuhai Gongbei sub branch for a comprehensive credit line of no more than (including) 300 million yuan and provide joint and several liability guarantee for a period of one year; Apply to China Ping An Bank Co.Ltd(000001) Zhuhai Qianshan sub branch for a comprehensive credit line of no more than (including) 300 million yuan and provide joint and several liability guarantee for a period of one year; Apply to Zhuhai Xiangzhou sub branch of Zhuhai China Resources Bank Co., Ltd. for a comprehensive credit line of no more than (including) 300 million yuan and provide joint and several liability guarantee for a period of one year; Apply to China Construction Bank Corporation(601939) KANGYI sub branch for a comprehensive credit line of no more than (including) 300 million yuan and provide joint and several liability guarantee for a period of one year; Apply to Industrial And Commercial Bank Of China Limited(601398) Zhuhai HUAFA sub branch for a comprehensive credit line of no more than (including) 300 million yuan and provide joint and several liability guarantee for a period of one year; Apply to Bank Of China Limited(601988) Zhuhai Wanchai sub branch for a comprehensive credit line of no more than (including) 300 million yuan and provide joint and several liability guarantee for a period of one year; Apply to China Minsheng Banking Corp.Ltd(600016) Zhuhai branch for a comprehensive credit line of no more than (including) 300 million yuan and provide joint and several liability guarantee for a period of one year; Apply to Bank Of Communications Co.Ltd(601328) Zhuhai Xincheng sub branch for a comprehensive credit line of no more than (including) 300 million yuan and provide joint and several liability guarantee for a period of one year; Apply to China Citic Bank Corporation Limited(601998) Zhuhai Lianhua Road sub branch for a comprehensive credit line of no more than (including) 300 million yuan and provide joint and several liability guarantee for a period of one year; Apply to China Merchants Bank Co.Ltd(600036) Zhuhai Qianshan sub branch for a comprehensive credit line of no more than (including) 300 million yuan and provide joint and several liability guarantee for a period of one year; Apply to Industrial Bank Co.Ltd(601166) Zhuhai branch business department for a comprehensive credit line of no more than (including) 300 million yuan and provide joint and several liability guarantee for a period of one year; Apply to Shanghai Pudong Development Bank Co.Ltd(600000) Zhuhai Jida sub branch for a comprehensive credit line of no more than (including) 300 million yuan and provide joint and several liability guarantee for a period of one year; Apply to Zhuhai Jida sub branch of Guangdong Development Bank Co., Ltd. for a comprehensive credit line of no more than (including) 300 million yuan and provide joint and several liability guarantee for a period of one year; Apply to Bank Of China Limited(601988) Zhuhai Sanzao sub branch for a comprehensive credit line of no more than (including) 100 million yuan, and provide joint and several liability guarantee for a period of one year. At the same time, the company authorizes the chairman or the authorized agent designated by the chairman to handle relevant business, handle relevant procedures and sign relevant legal documents on behalf of the company.
According to the Shenzhen Stock Exchange GEM Listing Rules, the articles of association and other relevant provisions, the external guarantee needs to be submitted to the general meeting of shareholders of the company for deliberation.
Relevant matters are hereby announced as follows:
1、 Basic information of the guaranteed
1. Basic information
Company name: Zhuhai Titan New Power Electronics Co., Ltd
Date of establishment: February 24, 2014
Address: the first and second floors of Workshop 11, Pingxi fifth road, Nanping Science and Technology Industrial Park, Zhuhai
Legal representative: Wang Yanqing
Registered capital: 20 million yuan
Paid in capital: 20 million yuan
Company type: limited liability company (sole proprietorship of legal person)
Registration No.: 91440400092380062l
Business scope: R & D, manufacturing and sales: lithium battery formation, capacity division and whole line equipment; Fieldbus control system, instrument and complete set of equipment installation services; Computer software development, system integration, application services and other corresponding technical services, consultation and technology transfer; Import and export of self-produced products and technologies. 2. Relationship with the company: Titan new power is a wholly-owned subsidiary of the company
3. Main financial data of the guaranteed
Unit: Yuan
End of 2020 / end of the third quarter of 2021 in 2020 / third quarter of projects before 2021 (audited)
(Unaudited)
Total assets 1513767302.81 3484307369.29
Total liabilities 735848278.29 2920763706.80
Including: total bank loans —
Total current liabilities 735848278.29 2920763706.80
Net assets 777919024.52 563543662.49
Operating income 584649228.98 821285941.89
Total profit -98775294.83 -18733824.07
Net profit -78292357.15 -14375362.03
2、 Main contents of guarantee
1. Guarantee method: joint and several liability guarantee.
2. Guarantee period: one year from the date of bank credit approval.
3. Guarantee matters: apply to Agricultural Bank Of China Limited(601288) Zhuhai Gongbei sub branch for a comprehensive credit line of no more than (including) 300 million yuan, and provide joint and several liability guarantee for a period of one year; Apply to China Ping An Bank Co.Ltd(000001) Zhuhai Qianshan sub branch for a comprehensive credit line of no more than (including) 300 million yuan and provide joint and several liability guarantee for a period of one year; Apply to Zhuhai Xiangzhou sub branch of Zhuhai China Resources Bank Co., Ltd. for a comprehensive credit line of no more than (including) 300 million yuan and provide joint and several liability guarantee for a period of one year; Apply to China Construction Bank Corporation(601939) KANGYI sub branch for a comprehensive credit line of no more than (including) 300 million yuan and provide joint and several liability guarantee for a period of one year; Apply to Industrial And Commercial Bank Of China Limited(601398) Zhuhai HUAFA sub branch for a comprehensive credit line of no more than (including) 300 million yuan and provide joint and several liability guarantee for a period of one year; Apply to Bank Of China Limited(601988) Zhuhai Wanchai sub branch for a comprehensive credit line of no more than (including) 300 million yuan and provide joint and several liability guarantee for a period of one year; Apply to China Minsheng Banking Corp.Ltd(600016) Zhuhai branch for a comprehensive credit line of no more than (including) 300 million yuan and provide joint and several liability guarantee for a period of one year; Apply to Bank Of Communications Co.Ltd(601328) Zhuhai Xincheng sub branch for a comprehensive credit line of no more than (including) 300 million yuan and provide joint and several liability guarantee for a period of one year; Apply to China Citic Bank Corporation Limited(601998) Zhuhai Lianhua Road sub branch for a comprehensive credit line of no more than (including) 300 million yuan and provide joint and several liability guarantee for a period of one year; Apply to China Merchants Bank Co.Ltd(600036) Zhuhai Qianshan sub branch for a comprehensive credit line of no more than (including) 300 million yuan and provide joint and several liability guarantee for a period of one year; Apply to Industrial Bank Co.Ltd(601166) Zhuhai branch business department for a comprehensive credit line of no more than (including) 300 million yuan and provide joint and several liability guarantee for a period of one year; Apply to Shanghai Pudong Development Bank Co.Ltd(600000) Zhuhai Jida sub branch for a comprehensive credit line of no more than (including) 300 million yuan and provide joint and several liability guarantee for a period of one year; Apply to Zhuhai Jida sub branch of Guangdong Development Bank Co., Ltd. for a comprehensive credit line of no more than (including) 300 million yuan and provide joint and several liability guarantee for a period of one year; Apply to Bank Of China Limited(601988) Zhuhai Sanzao sub branch for a comprehensive credit line of no more than (including) 100 million yuan, and provide joint and several liability guarantee for a period of one year.
3、 Accumulated external guarantees and overdue guarantees
As of the date of this announcement, the company’s accumulated external guarantee amount (excluding this external guarantee, that is, the guarantee amount for Titan new power credit considered last year) was 2.3 billion yuan, accounting for 40.96% of the company’s latest audited net assets.
As of the date of this announcement, the company and its subsidiaries have no overdue external guarantee, no external guarantee involving litigation, and no loss due to the judgment of losing the guarantee.
4、 Relevant review and approval procedures and special opinions
1. Deliberations of the board of directors
On January 26, 2022, the 10th meeting of the Fourth Board of directors of the company deliberated and adopted the proposal on providing guarantee for wholly-owned subsidiaries to apply for bank credit. In order to better carry out the company’s business and meet the needs of operation and development, the company, according to its daily operation and capital needs, It is agreed that the company will provide joint and several liability guarantee for Titan new power to apply for comprehensive credit from the bank for a total of 4 billion yuan. The company’s guarantee for Titan new power is conducive to promoting its business development and improving its business efficiency and profitability. The board of Directors believes that the guaranteed object Titan new power is a wholly-owned subsidiary of the company, and the company has absolute control over it. The financial risk is within the scope of effective control, and the guarantee provided by the company will not damage the interests of the company and shareholders. According to relevant regulations, the guarantee for Titan new power’s application for bank credit must be submitted to the general meeting of shareholders for review.
2. Deliberation of the board of supervisors
On January 26, 2022, the 10th meeting of the 4th board of supervisors of the company deliberated and approved the proposal on providing guarantee for wholly-owned subsidiary’s application for bank credit. The board of supervisors held that providing guarantee for wholly-owned subsidiary Titan new power is conducive to promoting its business development, improving its business efficiency and profitability, which is in line with the interests of the company and all shareholders, The board of supervisors unanimously agreed that the company would provide guarantee for Titan new power’s application for bank credit.
3. Opinions of independent directors
Independent directors expressed independent opinions that: the guaranteed object is the wholly-owned subsidiary of the company, the company has absolute control over it, the financial risk is within the scope of effective control, and the guarantee provided by the company will not damage the interests of the company and shareholders. This guarantee is in line with the actual business needs of the company and will not have an adverse impact on the normal operation and business development of the company; The guarantee content and decision-making procedures comply with the requirements of relevant laws and regulations such as the guidelines for the standardized operation of companies listed on the gem of Shenzhen Stock Exchange and the Listing Rules of shares on the gem of Shenzhen Stock Exchange. The company has fulfilled the obligation of information disclosure according to law and safeguarded the interests of all shareholders. We unanimously agree that the company will provide guarantee for the wholly-owned subsidiary’s application for bank credit.
5、 Documents for future reference
1. Resolutions of the 10th meeting of the 4th board of directors of the company;
2. Resolutions of the 10th meeting of the 4th board of supervisors of the company;
3. Independent opinions of independent directors on matters related to the 10th meeting of the Fourth Board of directors of the company.
It is hereby announced.
Wuxi Lead Intelligent Equipment Co.Ltd(300450) board of directors January 27, 2022
