Stock Code: 002 105 securities referred to: Nobutaka Industry Announcement Number: 2016-023
HL CORP(SHENZHEN) , Ltd.
External security bulletin
The Company and all members of the Board to ensure that the information disclosed is true, accurate, complete, not false, misleading statements or material omissions.
HL CORP(SHENZHEN) , Ltd. (hereinafter referred to as: the Company) was held on April 22, 2016 the Fourth Board 16th meeting of the Directors by all 11 participants vote by 11 votes in favor, 0 votes against and 0 votes abstaining, approved the proposal "on Taicang HL CORP car expected Ltd. to the banks for financing guarantees provided" in. All the directors agreed to Taicang HL CORP car expected Ltd. (hereinafter referred to as: Taicang Nobutaka) 2016 annual Taiwan Business Bank Shanghai Branch to apply for a total of 10 million yuan a whole one-year funding line of credit to provide joint liability guarantee and to authorize the Chairman Liao Jin Mr. behalf of the company and the Taiwan Business Bank Shanghai branch signed a guaranteed contract, guarantees, contracts and related documents. Specific guarantees are as follows:
First, the basic situation
One controlled subsidiaries Taicang HL CORP car expected Ltd. Department company, its holding to 75%. Shall be required for the development of their business, Taicang Nobutaka intends Taiwan Business Bank Shanghai Branch to apply for RMB one thousand yuan a whole one-year credit line of financing, now Taicang Nobutaka apply to the company line of credit for the financing of joint and several liability guarantee. The guarantee Taicang Nobutaka used to supplement working capital required for the operation, in order to facilitate the expansion of production scale subsidiaries to increase their profitability and market competitiveness. Specific details are as follows:
No.
Finance Bank
Now the amount of financing
The amount of financing of the proposed application
Remark
1,
Taiwan Business Bank Shanghai Branch
$ 10 million
$ 10 million
New signing
Second, is the basic situation of the guarantor
1, the guarantor Name: Taicang HL CORP car expected Ltd.
2. Date of establishment: December 29, 2000
3. Registered Address: Taicang City, Jiangsu Province Lu Du Zhen
4, the legal representative: Liao gold
5, registered and paid-up capital: USD Erqian Erbai hundred eighty ten thousand yuan
6, the scope of business: the production of auto parts (limiting tube accessory), motorcycle and bicycle spare parts, stamping parts, sports equipment, indoor and outdoor furniture and display racks, cooling equipment parts, bed rails, wheelchairs, synchronization and chairs, toilet handrails, crutches, electric bicycles (limited to domestic) and pipe material molding, product marketing companies (referred to above licensing business with operating permits)
7, the proportion of shareholders' investment holdings
HL CORP(SHENZHEN) , Ltd. 75% to $ 16.625 million yuan
Lee Tian Development Co., Ltd. of $ 5.555 million yuan 25%
As of December 31, 2015, was the guarantor Taicang HL CORP car expected Ltd. audited total assets of 21,443.58 million, total liabilities of 17,243.96 million, the year 2015 realized a total income of 21,800.53 million, net profit -3,301.61 Wan yuan, assets and liabilities was 80.42%.
As of March 31, 2016, total assets of the guarantor Taicang HL CORP car expected Ltd. was 21,048.72 million, total liabilities of 17,193.76 million, in 2016 from January to March realized a total income of 5,592.88 yuan, net profit - 3.4466 million yuan, assets and liabilities was 81.69% (above unaudited data).
Third, the main contents of the contract of guarantee
Finance Bank
Financing limit
The amount of the contract period
Warranty Period
guarantee
Types of
guarantee
Money
By way of security:
Signed guarantee contract
Taiwan Business Bank Shanghai Branch
$ 10 million
A year
From the date of signing of the single credit business credit business single debtor until the debt under the single term credit business to fulfill after the expiration of two years only.
Joint responsibility to ensure
100% of the amount of the financing.
"Guaranteed maximum contract"
Companies applying bear irrevocable joint liability for credit financing business.
The warranty does not involve related party transactions. The company held on April 22, 2016 Sixteenth Meeting of the Fourth Board of Directors, the directors of all 11 participants vote by 11 votes in favor, 0 votes against, 0 abstentions, considered and adopted the "on Taicang Nobutaka car Proposal expected Ltd. to the banks for financing guarantees provided "in. All the directors agreed to Taicang HL CORP car expected Ltd. (hereinafter referred to as: Taicang Nobutaka) 2016 annual Taiwan Business Bank Shanghai Branch to apply for a total of 10 million yuan a whole one-year funding line of credit to provide joint liability guarantee and to authorize the Chairman Liao Jin Mr. behalf of the company and the Taiwan Business Bank Shanghai branch signed a guaranteed contract, guarantees, contracts and related documents.
As of December 31, 2015, it audited Taicang Nobutaka assets and liabilities was 80.42%; in accordance with the relevant provisions of the Shenzhen Stock Exchange "Stock Listing Rules" and "Articles of Association" and so on, this proposal still needs to be submitted last shareholders meeting through the implementation.
Fourth, the Board views
1, to provide security reasons:
To support the further development of Taicang Nobutaka daily operations and meet its needs working capital to ensure Taicang Nobutaka working capital needs, assist subsidiary expand production, improve its profitability and market competitiveness, accelerating the creation of operational efficiency, returns to shareholders.
2, the Board views
(1), all the directors of the Company believe that: Taicang Nobutaka company holding a 75% owned subsidiary, is based on the company occupied the purpose of the East China market and set up, as should the needs of daily business turnover, to the banks for financing loan guarantee Taicang Nobutaka working capital needs, the company continues to provide 100% of the loan amount secured Taicang Nobutaka help expand production, improve their market competitiveness and profitability, operating efficiency and create accelerate returns to shareholders. As a subsidiary of the holding company is able to control the Taicang Nobutaka management, can effectively control the guarantee risk.
(2), Taicang Nobutaka other joint Fang Litian Development Co., Ltd. for the company's controlling shareholder, holding ratio of 25%, the full commitment secured by the company.
Number Five, total external guarantees and overdue guarantees
1. Ended the disclosure date, including this guarantee, the company approved a total amount of external guarantees one hundred million RMB wantonly Baqian three million Bai Jiuqian five hundred (¥ 48,300.95 million), of which the company owned subsidiary of the Company the total external guarantee of one hundred million RMB wantonly Baqian three million Bai Jiuqian five hundred (¥ 48,300.95 million), the actual amount of RMB 80,772,332.80 yuan, accounting for 17.81 percent the company's latest audited net assets.
2. Ended the disclosure date, the Company and its subsidiaries except the guarantees for holding subsidiaries, other external guarantees in the amount of 00,000 yuan, accounting for the latest audited net assets of 0%.
3, the total amount of external guarantees of the company and its subsidiaries was RMB nil.
4. Ended the disclosure date, the Company and its subsidiaries as not overdue, with the guarantee and the amount involved in litigation losses due to guarantees and was sentenced to be borne by the losing.
Six other
After a security bulletin first disclosed, the company will continue to consider timely disclosure of guarantees, signed agreements and other developments or changes.
Seven reference documents
1, "the 16th Meeting of the Fourth Board of Directors"
2, Taiwan Business Bank Shanghai Branch "guaranteed maximum contract"
Special announcement.
HL CORP(SHENZHEN) , Ltd. Board of Directors
April 25, 2016