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Notice on the Accreditation of Connected Transactions in 2016
- Categories:Disclosure
- Author:Board of Directors
- Origin: Jiangsu Ruiyang Chemical Co., Ltd
- Time of issue:2017-03-22 10:20
- Views:
(Summary description)A.Related transaction overview (1).The related transaction is to suspend the 2016 annual incidental transaction Details are as follows:
Notice on the Accreditation of Connected Transactions in 2016
(Summary description)A.Related transaction overview (1).The related transaction is to suspend the 2016 annual incidental transaction Details are as follows:
- Categories:Disclosure
- Author:Board of Directors
- Origin: Jiangsu Ruiyang Chemical Co., Ltd
- Time of issue:2017-03-22 10:20
- Views:
A.Related transaction overview
(1).The related transaction is to suspend the 2016 annual incidental transaction
Details are as follows:
1、Related party procurement, sales
2016 The company and Guizhou Kailin diureum synthetic ammonia limited liability company related procurement, mainly the second subsidiary of Guizhou Kailin Ruiyang New Materials Co., Ltd. leased Guizhou Kailin lee Feng synthetic ammonia limited liability company pentaerythritol plant production pentaerythritol series of products from Guizhou Kailin diuretic synthetic ammonia limited liability company procurement of methanol, catalytic silver, to pay utilities and other expenses, according to the market price pricing.
In 2016, the company and Guizhou Kailin International Trade Co., Ltd. related procurement, mainly for the company subsidiary Caparui Chemical (Shanghai) Co., Ltd. from Guizhou Kailin International Trade Co., Ltd. procurement of pure MDI, PURE MD and other trade products, according to market prices Pricing, and the other company subsidiary Guizhou Kailin Ruiyang New Materials Co., Ltd. from the Kailin international trading company procurement of liquid alkali products, the price according to the market price.
Company in 2016 and Guiyang Kailin Fertilizer Co., Ltd. related to the procurement, mainly for the company's subsidiary Guizhou Kailin Ruiyang New Materials Co., Ltd. sales Guiyang Kailin Fertilizer Co., Ltd. liquid alkali, the sales price in accordance with market prices. Company in 2016 and Guizhou Zhaoyan Zunyi Soybean plant related procurement, mainly for the company subsidiary Guizhou Kailin Ruiyang New Materials Co., Ltd. from Guizhou Kailin Zunyi alkali plant raw materials such as raw materials, raw materials, according to market price pricing.
Company in 2016 and Chifeng Kai Rui Technology Co., Ltd. related sales, mainly for the company subsidiary Chifeng Ruiyang Chemical Co., Ltd. sold to Chifeng Kai Rui Technology Co., Ltd. production and operation of the hardware materials, steam, electricity, sales prices in accordance with market prices. Company in 2016 with the Guizhou Kailin Agricultural Development Co., Ltd. related procurement, mainly for the company subsidiary Chifeng Ruiyang Chemical Co., Ltd. Guizhou Guizhou Kailin Agricultural Development Co., Ltd. procurement of raw materials corn, urea, according to market price pricing.
2, Related party rental
Lease Description:
Party A: Guizhou Kailin diuretic synthetic ammonia limited liability company B: Guizhou Kailin Ruiyang New Materials Co., Ltd.
The subject matter: Party's pentaerythritol plant
Lease Term: The installation leased from January 1, 2016 to Party B to terminate the lease contract only, the latest no more than December 31, 2017.
Rental payments: The rent is calculated on the basis of the actual production of pentaerythritol (the sum of bis-pentaerythritol and monopentaerythritol) at 1,000 yuan per ton.
Rent = 1000 yuan × actual output.
The rental pricing is based on the company's net profit margin, the reference to the company's related taxes and fees, based on strategic layout, as soon as possible to open up the Southwest market and other factors to consider.
3, Interest payments
The interest rate of interest is raised by 5% or 10% of the interest rate of bank borrowing loans in the same period, and the pricing is fair.
4、Related party guarantee The Company has no guarantee as the guarantor; the Company as the guarantor, the specific situation is as follows:
5、Payables payable by related parties
Guizhou Kailang Holding Group (Group) Co., Ltd. is the controlling shareholder of the Company; Xifeng Kailin chemical equipment engineering limited liability company, interest rate Kailin forest services limited liability company, Guizhou Kailin Group Co., Ltd., Synthetic Kailin limited liability company, Guiyang Kailin Fertilizer Co., Ltd., Xifeng Kailin plastic packaging limited liability company, Guizhou Kailin Zunyi Soda Plant, Guizhou Kailin International Trade Co., Ltd., Guizhou Kailin logistics management limited liability company, Guizhou Kailin quality Guizhou Kai Kailin Agriculture Development Co., Ltd. and Guizhou Kailin Group Mineral Fertilizer Co., Ltd. are all holding or participating subsidiaries of Guizhou Kai-Kailin Holding (Group) Co., Ltd. Guizhou Guizhou Chemical Co., Ltd. (Shanghai) Co., Ltd. is a subsidiary of the Company; Chifeng Kai Rui Technology Co., Ltd. for the Chifeng Ruiyang Chemical Co., Ltd. shares of the company (Chifeng Ruiyang Chemical Co., Ltd.) is a subsidiary of Chifeng Ruiyang Chemical Co., Mr. Liu Quan is a director of the Company and Mr. Liu Xingju is the wife of Mr. Liu Quan.
(2).An Overview of Related Party Relationships
(3).Voting and deliberations
On March 20, 2017, the 8th meeting of the 2nd Board of Directors of the Company examined and approved the Proposal on Accelerating the Connected Transactions of the Company in 2016. Voting results: Consent vote 6 votes; 0 votes against; 0 votes abstained; vote 1 vote, the director Mr. Liu Quan as an associated director to avoid the vote. Proposal to be submitted to the Shareholders 'General Meeting: This motion is still subject to consideration by the Shareholders' General Meeting.
(4).The existence of the related party transactions need to be approved by the relevant departments: no
B.Related party introduction
Related party basic situation
C.Pricing basis and fairness
The above related transactions are true, necessary, fair price, there is no damage to the interests of small and medium shareholders.
D.The necessity of the related party transactions and the impact on the company
(一)Necessity and True Intent The above related transactions are the daily transaction of the Company, which is the normal requirement of the business development and production and operation of the Company and is reasonable and necessary according to the normal market rules.
(二)The impact of the related transaction on the company The above-mentioned 2016 annual routine transactions in accordance with the principle of fair implementation, the transaction price in line with market pricing, transparent trading process, the company and related parties are mutually beneficial win-win relationship, will not cause any risk to the company , There is no damage to the company and shareholders of the situation, the company's independence has not been affected.
E.Documents for reference "Jiangsu open phosphorus Ruiyang Chemical Co., Ltd. The second board of directors of the eighth meeting of the resolution"
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