Beiqing Huanneng (000803): It Has Actually Guaranteed More Than 765 Million Yuan For Its Subsidiaries

Zhongxin Jingwei client, September 6 (Xinhua) Beiqing Huanneng (000803) announced that the company has actually guaranteed 765.298 million yuan for its subsidiaries in the early stage.

According to the announcement, due to the needs of business development, Taiyuan Tianrun bioenergy CO., Ltd. (hereinafter referred to as "Taiyuan Tianrun") and Xingye Financial Leasing Co., Ltd. (hereinafter referred to as "Xingye financial leasing") are engaged in financial leasing after-sale and leaseback business. As the co lessee of Taiyuan Tianrun, the company intends to finance from Xingye financial leasing, with a financing amount of 180 million yuan and a financing period of 5 years. Beikong Shifang (Shandong) Environmental Protection Energy Group Co., Ltd. (hereinafter referred to as "Beikong Shifang") pledged its equity of Taiyuan Tianrun, Taiyuan Tianrun pledged its project equipment mortgage and kitchen waste treatment charging right The ten parties of Beikong provide joint guarantee.

The company held the 33rd meeting of the 10th board of directors and the 2020 annual general meeting of shareholders on March 22, 2021 and April 13, 2021 respectively, deliberated and passed the proposal on providing guarantee for the subsidiary company, and agreed that the total amount of guarantee proposed by the company for the subsidiary company should not exceed RMB 800 million.

According to Beiqing Huanneng, the amount of guarantee approved by the general meeting of shareholders in the early stage of the company is 1402.4 million yuan, accounting for 234.35% of the company's latest audited net assets, and the actual guarantee amount has been 765.298 million yuan. After this guarantee, the actual guarantee balance of the company is 484.5 million yuan, accounting for 80.96% of the latest audited net assets. The above guarantees are provided to the companies in the consolidated statements, and there is no overdue guarantee. Investors are requested to pay full attention to the guarantee risk.