Announcement of Henan Xinda New Materials Co., Ltd. on Providing Guarantee for Bank Credit of Kaifeng Wansheng New Materials Co., Ltd., a wholly-owned subsidiary
The company and all board members guarantee the truthfulness, accuracy and completeness of the information disclosure, and there are no false records, misleading statements or major omissions.
I. Overview of guarantees
Kaifeng Wansheng New Materials Co., Ltd. (hereinafter referred to as “Wanshengxinâ€), a wholly-owned subsidiary of Henan Xinda New Materials Co., Ltd. (hereinafter referred to as “Companyâ€), intends to apply for 40 million yuan from Pingdingshan Bank Zhengzhou Branch for production and operation needs. For the comprehensive credit granting of RMB banks, the company is required to provide a joint liability guarantee of up to RMB 40 million for the above-mentioned bank credits. The guarantee period is 12 months.
On February 19, 2014, the company held the 33rd meeting of the second board of directors. The meeting voted in favor of 11 votes, against 0 votes, and abstained from voting. The company reviewed and approved the company’s wholly-owned subsidiary Kaifeng Wanshengxin. According to the relevant requirements of the company's "External Guarantee Management System", the external guarantees of this company need not be submitted to the shareholders' meeting for consideration.
Second, the basic situation of the guarantor
(1) Basic situation
Name of the sponsor: Kaifeng Wansheng New Materials Co., Ltd.;
Date of establishment: March 15, 2011;
Place of registration: Kaifeng Fine Chemical Industry Park;
Legal representative: Fan Jianzeng;
Registered capital: RMB 10,000 yuan;
Business scope: processing and sales of crystalline silicon wafer cutting waste mortar; production and sales of crystalline silicon wafer cutting fluid, refractory materials, engineering ceramics, silicon carbide powder and its products, abrasives and abrasives; chemical products (flammable and explosive) Sales of mechanical and electrical equipment except for precursor chemicals; engaged in the import and export of goods and technology. (The above-mentioned scope of national laws and regulations prohibits the operation of the business, the state has special provisions from its provisions, subject to licensing or approval, with the approval of valid licenses or approvals);
Relationship with the company: Wanshengxin is a wholly-owned subsidiary of the company.
(II) Main financial indicators
Audited by Guofu Haohua Certified Public Accountants, the company's operating income in 2012 was 306,847,565.90 yuan (of which 46,145,615.69 yuan was the sales of products to the parent company at market price), the operating cost was 270,542,428.43 yuan, and the net profit was 11,727,523.01 yuan. As of December 31, 2012, the company's total assets were 526,559,156.07 yuan, and net assets were 207,039,367.09 yuan.
Third, the main content of the guarantee agreement
For this guarantee, the company as the guarantor provided the joint guarantee liability for the guaranteed party Wanshengxin to Pingdingshan Bank Zhengzhou Branch with a maximum amount of RMB 40 million. The guarantee period is 12 months from the effective date of the guarantee agreement.
Fourth, the board of directors
Wanshengxin is a wholly-owned subsidiary of the company. The company has absolute control over it and its financial risks are within the scope of effective control. The company's guarantee will not harm the interests of the company and its shareholders. Therefore, this guarantee is fair and reasonable. This proposal has been reviewed and approved at the 33rd meeting of the second board of directors of the company.
V. Independent directors' opinions
After careful review, we believe that this guarantee is a wholly-owned subsidiary of the company. It is currently in good operating condition and has strong solvency. The company will not affect the company's interests. The guarantee is to meet the liquidity needs of the subsidiary's daily production and operation, which is conducive to the long-term development of the company. At present, the company has established strict approval authority and procedures for external guarantees, which can effectively prevent external guarantee risks. The decision on the above guarantees is in compliance with the relevant laws and regulations, and there is no behavior that harms the interests of the company and shareholders.
In summary, we agree that the company will provide a joint liability guarantee of up to RMB 40 million for the credit of Wansheng New Bank, a wholly-owned subsidiary, with a guarantee period of 12 months.
6. The cumulative amount of external guarantees and the number of overdue guarantees
As of February 19, 2014, neither the company nor its subsidiaries had any external guarantees for other external companies. After the guarantee came into effect, the actual external guarantees of the company to the subsidiaries amounted to 1,64,856,359,200 yuan, accounting for 8.63% of the company's latest audited net assets. The company and its subsidiaries have no overdue external guarantees, no external guarantees involving litigation, and circumstances in which losses should be incurred as a result of the defendant being defeated.
VII. Documents for reference
1. Resolution of the 33rd Meeting of the Second Board of Directors of Henan Xinda New Materials Co., Ltd.;
2. “Independent Opinions on the Guarantee Provided by the Independent Director of Henan Xinda New Materials Co., Ltd. for the Bank Credit of Kaifeng Wansheng New Materials Co., Ltd.â€.
Special announcement.
February 20, 2014
1. Correct selection of teeth
1) Before use, confirm whether the mechanical properties of the product meet the customer's requirements (such as the tensile strength of the Bolt and the safe load of the nut).
2) The length of the bolt should be selected properly, with 1-2 pitch exposed after tightening.
3) Before use, the thread should be kept clean.
2. How to use dental strips correctly
1) When tightening the teeth, pay attention to that the direction of force applied by the wrench should coincide with the axis of the screw, and do not tilt.
2) In the process of tightening, the force should not exceed the safety torque, and should be uniform. Try to use the torque wrench or socket.
3) Locking too fast will lead to locking, it is recommended not to use electric or pneumatic wrench.
4) Keep the thread clean. In order to ensure the smooth fit of screw and nut, it is recommended to put the product in a clean container and do not place it at will.
3. Standard of tooth bar maintenance
1) If there is slight damage to the removed tooth, screw and nut, the die and tap shall be used for repair.
2) The removed and repaired teeth, Screws and Nuts shall be maintained by means of oil bubble or lubricating oil, and shall be placed in order according to specifications, models and purposes.
4. Scrap standard
The bolts with obvious crack, broken thread, sliding, disorderly thread, screw tensile deformation, shear trace, etc. which can not be repaired by the on-site leader can be scrapped.
5. Specification parameters of tooth strips
Texture of material:
304/316
Product standard:
DIN975
Surface treatment:
turn into a good guy
Threaded Rods,Full Thread Rod Bolt,Hexagon Socketthread Rod Bolt,Stainless Steel Thread Rod Bolt
Suzhou Gubao Screws Co.,Ltd. , https://www.gbscrewes.com