Donghua Energy Co., Ltd. (hereinafter referred to as "the Company" or "Donghua Energy") and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or major omissions.
Special Risk Reminder: The total amount of external guarantees provided by the Company and its controlling subsidiaries exceeds 100% of the most recent audited net assets. Investors are advised to pay close attention to the guarantee risks.
I. Overview of the Guarantee Situation
Donghua Energy plans to provide joint liability guarantees for Matheson Energy (Nanjing) Co., Ltd. (hereinafter referred to as "Matheson Nanjing") and Matheson Energy (Zhangjiagang) Co., Ltd. (hereinafter referred to as "Matheson Zhangjiagang") for their applications for comprehensive credit facilities from financial institutions.
Matheson Nanjing intends to apply for a comprehensive credit facility from Nanjing Bank Co., Ltd. Zijin Branch with a limit not exceeding RMB 150 million for a term of 1 year, and from Jiangsu Bank Co., Ltd. Nanjing Branch with a limit not exceeding RMB 200 million for a term of 1 year.
Matheson Zhangjiagang intends to apply for a comprehensive credit facility from Industrial and Commercial Bank of China Co., Ltd. Zhangjiagang Branch with a limit not exceeding RMB 200 million for a term of 1 year, and from China Construction Bank Co., Ltd. Zhangjiagang Branch with a limit not exceeding RMB 310 million for a term of 1 year.
On March 6, 2025, the Company’s first extraordinary general meeting of shareholders approved the proposal regarding the entrusted management of the equity of the controlling shareholder's affiliated companies and related transactions, accepting the entrustment from Donghua Petroleum (Yangtze) Co., Ltd. to manage MATHESON ENERGY PTE. LTD. and its subsidiaries (including Matheson Nanjing and Matheson Zhangjiagang, collectively referred to as "Matheson Energy").
In the spirit of mutual collaboration and promoting development, the Company intends to provide joint liability guarantees for Matheson Nanjing and Matheson Zhangjiagang in their applications for comprehensive credit facilities from financial institutions. The guarantees will be counter-guaranteed by Matheson Liquefied Gas Trading (Ningbo) Co., Ltd.
This related guarantee matter still needs to be submitted to the Company’s shareholders' meeting for deliberation, and related parties with a vested interest will abstain from voting.
II. Basic Information of the Guaranteed Parties
(1) Matheson Energy (Nanjing) Co., Ltd.
- Basic Information
- Name: Matheson Energy (Nanjing) Co., Ltd.
- Date of Establishment: August 20, 2004
- Registered Address: Room 8508, Fuying Building, No. 99 Tuanjie Road, Yanchuang Park, Jiangbei New District, Nanjing, Jiangsu Free Trade Zone
- Legal Representative: Lin Liangjie
- Registered Capital: RMB 663.0292 million
- Business Scope: Energy conservation, renewable and comprehensive utilization technology development and application; import and export of hazardous chemicals and transshipment trade, wholesale business, except for goods and technologies restricted or prohibited by the state; research and development of high-tech and new products; high-tech enterprise management consulting services; corporate restructuring, transfer, acquisition, merger, asset custody consulting; self-operated and agency import and export business and transshipment trade, wholesale business, except for goods and technologies restricted or prohibited by the state.