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Notice of authorization to provide guarantee for subsidiaries
- Categories:Disclosure
- Author:Board of Directors
- Origin: Jiangsu Ruiyang Chemical Co., Ltd
- Time of issue:2017-06-26 16:22
- Views:
(Summary description)To support the company's wholly-owned or holding subsidiaries of the sustained and healthy business development, simplify the company's internal approval process, improve work efficiency,
Notice of authorization to provide guarantee for subsidiaries
(Summary description)To support the company's wholly-owned or holding subsidiaries of the sustained and healthy business development, simplify the company's internal approval process, improve work efficiency,
- Categories:Disclosure
- Author:Board of Directors
- Origin: Jiangsu Ruiyang Chemical Co., Ltd
- Time of issue:2017-06-26 16:22
- Views:
To support the company's wholly-owned or holding subsidiaries of the sustained and healthy business development, simplify the company's internal approval process, improve work efficiency, make full use of financial credit resources to support and ensure the normal production and operation of subsidiary capital needs, according to the wholly- The Proposal on Authorization for the Subsidy of Subsidiaries was approved by the 11th meeting of the second session of the Board of Directors (provisional meeting) and the sixth meeting of the second session of the Supervisory Committee. The proposal is subject to consideration by the shareholders' meeting. The Company intends to provide the external guarantee amount for the wholly-owned or holding subsidiaries (including its controlling subsidiaries and the same below), as follows:
1.Expected amount of guarantee
The Company provides guarantees to wholly or other subsidiaries of a bank or non-financial institution (including but not limited to funds, trusts or capital management plans) with a total amount not exceeding RMB480 million (capitalized) Million yuan) for the wholly or holding subsidiaries of the project development and additional working capital.
2.Guaranteed company
The guaranteed companies include subsidiaries that are wholly or wholly owned by the company and are included in the scope of the consolidated statement of the company.
Up to now, the basic situation of subsidiaries with financing requirements in 2017 is expected as follows:
3.It is expected that the guarantee amount of the guaranteed subsidiary will be reduced
Note: For the scientific and reasonable scheduling guarantee amount, the company can be guaranteed subsidiary of the project to carry out the situation and the specific needs of the financing needs of the above-mentioned breakdown of the amount of security to adjust.
4.Authorization
In order to optimize the procedures for the guarantee procedures, the shareholders' meeting is authorized by the chairman of the board of directors of the company, or Ms. Li Hui, or its authorized representative, to approve the guarantee of the subsidiaries at all levels within the above quota. Sign the various documents relating to the guarantee.
5.Information disclosure
The above amount of guarantee provided by the Company is the amount of non-actual guarantee that the guarantee amount is to be provided. The actual guarantee amount will be based on the actual guarantee contract or agreement and the announcement of the guarantee progress according to the amount of the actual guarantee.
6.The impact of this guarantee on the company
This is expected to provide guarantees for the company's wholly-owned or holding subsidiaries, which will help to simplify the daily operation decision-making process of the Company's management and management, improve the efficiency and make full use of the financial credit resources to support and ensure the normal production and operation of the subsidiaries Capital needs, in line with the interests of all shareholders.
7.Documents for reference
(1.)"Jiangsu Kailin Ruiyang Chemical Co., Ltd.Resolution of the 11th Meeting of the Second Board of Directors (Temporary Meeting)"
(2.)"iangsu Kailin Ruiyang Chemical Co., Ltd.Resolution of the 6th Meeting of the Second Board of Supervisors"
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