Beijing Honggao Creative Architectural Design Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of the information disclosure is true, accurate, and complete, without false records, misleading statements, or major omissions.
Shenzhen Stock Exchange:
On May 23, 2023, the Company received the inquiry letter titled "Inquiry Letter Regarding Beijing Honggao Creative Architectural Design Co., Ltd." (Company Department Inquiry Letter [2023] No. 242) from the Listing Company Management Department of the Shenzhen Stock Exchange (hereinafter referred to as "the Inquiry Letter"). After receiving the Inquiry Letter, the Company's Board of Directors and management attached great importance to it, organizing relevant departments to address the issues raised in the Inquiry Letter and respond as follows:
- Public information disclosure shows that your company has not disclosed any significant debt defaults or failure to repay significant debts in recent years. Please provide a detailed explanation of the specific circumstances and authenticity of the disclosed inability to repay debts, including but not limited to the names of creditors, the relationship with your company, the reasons for the debt, the amount of debt, repayment deadlines, payment status, fulfillment of information disclosure obligations, and review procedures. Additionally, please clarify whether the basis for your company's application for pre-restructuring due to "inability to repay debts" is sufficient, reasonable, compliant, and whether it meets the provisions of the "Enterprise Bankruptcy Law" and other relevant regulations, as well as whether there is significant uncertainty regarding the acceptance of the pre-restructuring application. Please have your company’s lawyer verify and provide a clear opinion.
Company Response:
(1) Specific circumstances and authenticity of the inability to repay debts
- Basic Information Upon verification, the inability to repay debts is related to a loan. As of April 30, 2023, the basic situation of the company's inability to repay debts is as follows:
| Debt Amount | Creditor Name | Occurrence Date | Repayment Deadline | Payment Status | Reason for Debt | Relationship with Creditor |
|---|---|---|---|---|---|---|
| 6 million RMB | MICHELLE SIYU KWOK | January 17, 2019 | January 21, 2023 | Interest repaid (including overdue interest) 1.6 million RMB | Company supplementary working capital | No relationship |
- Authenticity of the Debt On January 17, 2019, the Company signed a "Loan Agreement" with MICHELLE SI YU KWOK, which stipulated that the borrower Honggao Creative would borrow 6 million RMB from the lender MICHELLE SI YU KWOK for the purpose of supplementing the company's working capital, with a loan term from January 18, 2019, to January 18, 2020, and an interest rate of 10% per month. Upon expiration of the loan term, the borrower must repay the entire loan to the lender within three days. On February 17, 2019, both parties signed a "Supplementary Agreement to the Loan Agreement," confirming that the interest on this loan would be 10% annualized, with the interest calculated based on the total loan principal; the loan term was extended to January 18, 2023; the lender waived part of the interest for the borrower from January 18, 2019, to September 18, 2020; if the loan is not repaid upon maturity, overdue interest will be charged according to the loan interest standard. On January 18, 2019, the lender MICHELLE SI YU KWOK paid the Company 6 million RMB. As of April 30, 2023, the Company has repaid interest (including overdue interest) of 1.6 million RMB to MICHELLE SI YU KWOK. Therefore, the loan between the Company and MICHELLE SI YU KWOK is supported by the "Loan Agreement," "Supplementary Agreement to the Loan Agreement," bank transfer records from the creditor, repayment records from the debtor, etc., confirming the authenticity of the debt.