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Securities code: 002228 Securities abbreviation: Hexing Packaging Announcement No.: 2024-045
Bond code: 128071 Bond abbreviation: Hexing convertible bond
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate and complete, and there are no false records, misleading statements or major omissions.
1、 Overview of guarantee
Xiamen Hexing Packaging Printing Co., Ltd. (hereinafter referred to as "the Company" or "the Company") deliberated and passed the Proposal on Guarantees Provided by the Company for Holding Subsidiaries in 2024 at the 20th meeting of the 6th Board of Directors and the 2023 Annual General Meeting of Shareholders held on April 18, 2024 and May 10, 2024, It is agreed that the Company will provide guarantee for the credit business of 13 subsidiaries in 2024, and the total amount of guarantee will not exceed RMB 980 million. In addition to the guarantee previously applied for, the validity period of the remaining guarantee application is from the date of the resolution of the 2023 Annual General Meeting of Shareholders to the date of the 2024 Annual General Meeting of Shareholders. For the specific guarantee matters occurred within the above limit, the chairman of the company is authorized to be specifically responsible for signing the relevant guarantee agreement with financial institutions, and no further board of directors or shareholders' meeting will be held, The specific validity period of the guarantee shall be subject to the guarantee agreement. During the authorization period, the above guarantee limit can be recycled. For details, please refer to the Announcement on Guarantees Provided by the Company for Holding Subsidiaries in 2024 (Announcement No.: 2024-017) published by the Company in Securities Times, Securities Daily and CNINFO (www.cninfo. com. cn).
2、 Guarantee progress
Recently, on the credit business of the holding subsidiary Fujian Changxin Paper Packaging Co., Ltd China Merchants Bank Xiamen Branch and Bank of Communications Zhangzhou Branch of the Joint Stock Co., Ltd. signed a guarantee contract, with the maximum principal of guaranteed creditor's rights totaling 80 million yuan.
The above guarantee limit is within the limit approved by the Board of Directors and the General Meeting of Shareholders.
3、 Main contents of the guarantee agreement
（1） Irrevocable Letter of Guarantee of Maximum Amount signed by the Company and Xiamen Branch of China Merchants Bank Co., Ltd
1. Creditor: Xiamen Branch of China Merchants Bank Co., Ltd
2. Debtor: Fujian Changxin Paper Packaging Co., Ltd
3. Guarantor: Xiamen Hexing Packaging Printing Co., Ltd
4. Maximum principal of secured creditor's rights: RMB 50 million
5. Guarantee mode: joint liability guarantee
6. Guarantee period: from the effective date of this Guarantee to the maturity date of each loan or other financing under the Credit Agreement or the creditor's rights of the receivables transferred by your bank or the advance date of each advance, three years shall be added. For any extension of specific credit, the guarantee period shall be extended to another three years after the expiration of the extension period.
7. Scope of guarantee: main creditor's rights and related interest, default interest, compound interest, liquidated damages, delayed performance fees, factoring fees, fees for realizing security rights and creditor's rights, and other related fees.
（2） Guarantee Contract signed between the Company and Zhangzhou Branch of Bank of Communications Co., Ltd
1. Creditor: Zhangzhou Branch of Bank of Communications Co., Ltd
2. Debtor: Fujian Changxin Paper Packaging Co., Ltd
3. Guarantor: Xiamen Hexing Packaging Printing Co., Ltd
4. Maximum principal of secured creditor's rights: RMB 30 million
5. Guarantee mode: joint liability guarantee
6. Guarantee period: calculated according to the debt performance period of each main debt agreed in the main contract (under the bank acceptance bill/letter of credit/letter of guarantee, according to the date of advance payment by the creditor). The guarantee period under each main debt is three years from the date of expiration of the debt performance period (or the date of advance payment by the creditor) to the date of expiration of the debt performance period (or the date of advance payment by the creditor) of the last due main debt under all the main contracts.
7. Scope of guarantee: principal and interest, compound interest, default interest, liquidated damages, damages and expenses for realizing creditor's rights under all main contracts. The expenses for realizing the creditor's rights include but are not limited to collection fees, legal fees (or arbitration fees), preservation fees, announcement fees, enforcement fees, attorney fees, travel expenses and other expenses.
4、 Accumulated external guarantee quantity and overdue guarantee amount
As of the disclosure date of this announcement, the actual guarantee balance of the company to its subsidiaries was 149.5 million yuan, accounting for 1.82% of the total audited assets of the company in the latest period (December 31, 2023), and 4.53% of the net audited assets of the company in the latest period (December 31, 2023).
The company has no other act of external guarantee except for the above guarantee for the subsidiary's bank credit. The Company and its subsidiaries have no overdue external guarantee, guarantee involving litigation, and bear losses due to loss of guarantee judgment.
5、 Documents for future reference
1. Irrevocable Letter of Guarantee of Maximum Amount (No.: 592XY202401432911) signed by the Company and Xiamen Branch of China Merchants Bank Co., Ltd;
2. The Guarantee Contract (No.: C240513GR3563346) signed between the Company and Zhangzhou Branch of Bank of Communications Co., Ltd.
It is hereby announced.
Xiamen Hexing Packaging Printing Co., Ltd
Board of Directors
June 6, 2014
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