Announcement on the Progress of Debt Collection and Guarantee Release
The company and all members of the board guarantee that the content of this information disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
Anhui Shengyun Environmental Protection Group Co., Ltd. (hereinafter referred to as "the Company") held the 22nd meeting of the 5th Board of Directors on April 26, 2018, to review and approve the "Proposal on Regulating Guarantee Behavior" and the "Proposal on Supplementary Confirmation of External Financial Assistance and Rectification." These proposals were approved at the 2017 Annual General Meeting held on May 31, 2018. On April 29, 2019, the Company held the 31st meeting of the 5th Board of Directors to review and approve the same proposals, which were also approved at the 2018 Annual General Meeting held on May 24, 2019.
In accordance with the "Rules for the Listing of Stocks on the Growth Enterprise Market," the Company hereby reports on the progress of its debt collection and guarantee release work as follows:
1. External Guarantee Situation
- Overview The amount of illegal guarantees provided by the Company outside of its wholly-owned and controlling subsidiaries is 2,534.7897 million yuan. Given the Company's own financial constraints and the significant amount of actual guarantees, in order to control guarantee risks, standardize company operations, and protect the interests of the listed company, the Company has requested a deadline for the release of guarantees. On June 5, 2018, the controlling shareholder, Kai Xiaosheng, reported a "Corrective Measures Plan" to the Anhui Regulatory Bureau of the China Securities Regulatory Commission, committing that "the listed company agrees to release all illegal guarantees within 12 months after consultation with me, specifically from April 2018 to May 2019." "I confirm that if any relevant debts default before the guarantee release deadline and the corresponding guarantees are not released, I will undertake the guarantee responsibility, and the listed company will not bear the guarantee responsibility."