002147SZSE

Progress Announcement on Company's Non-Compliance with Internal Approval Procedures for External Guarantees and Fund Occupation

Xinguang Retreat Co., Ltd.·May 13, 2022·2 pages

✨ AI Summary

This announcement details the progress regarding the company's failure to follow internal approval procedures for external guarantees and fund occupation. As of the announcement date, the total amount of fund occupation is 2.917 billion yuan, with 1.454 billion yuan in direct cash occupation. The company has reduced its illegal guarantee amount by 107.51 million yuan since the last update. The board will continue to monitor the situation and fulfill disclosure obligations.

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Full Translation

AI Translation· azure_openai

Securities Code: 002147
Securities Abbreviation: *ST Xinguang
Announcement Number: 2022-058

Xinguang Yuancheng Co., Ltd. (hereinafter referred to as "the Company" or "Xinguang Yuancheng") and all members of the board of directors guarantee that the content of this announcement is true, accurate, and complete, with no false records, misleading statements, or significant omissions.

The controlling shareholder of the Company and its affiliates have affixed their official seal on legal documents such as guarantee letters and guarantee contracts without following the normal approval procedures. The controlling shareholder has also borrowed funds in the name of the Company without fulfilling the corresponding internal approval procedures, resulting in fund occupation.

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