Rotary lobe pumps for Chocolate
Steam or hot water can be injected into the pump body or pump cover to keep the working chamber constant temperature. Prevent the material solidifying resulting in damage to the seal when starting up.
Professional Stainless Steel Rotor pumps, Lobe Pump, Rotor pumps for Chocolate, Rotary lobe pumps, Steam jacket rotary lobe pumps NINGBO DURREX PUMPS CO.,LTD , https://www.durrexlobepump.com
Xindaxin: Announcement of External Guarantee of Holding Subsidiaries
**Abstract**
Stock Code: 300080
Securities Abbreviation: Xinda New Material
Announcement No.: 2013-099
Henan Xinda New Materials Co., Ltd. announces the external guarantee provided by its subsidiary, Liaoning Xinda New Energy Investment Co., Ltd. The company and all members of the board of directors confirm that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or material omissions.
**Overview of the Guarantee**
Chaoyang Tianhua Sunshine New Energy Investment Co., Ltd., a wholly-owned subsidiary of Liaoning Xinda New Energy Investment Co., Ltd. (hereinafter referred to as “Liaoning Xindaxinâ€), which in turn is a subsidiary of Henan Xinda New Materials Co., Ltd. (hereinafter referred to as “the Companyâ€), has proposed to apply for a loan of RMB 80 million from Chaoyang Bank Co., Ltd. To support this application, Liaoning Xindaxin will provide a joint and several liability guarantee. The guarantee period is three years, and the loan is intended for the development and construction of the Tianhua Solar Power Project.
On December 10, 2013, the company held its 31st meeting of the second board of directors. The board approved the proposal for the guarantee, with 11 votes in favor, 0 against, and 0 abstentions. Given the significant loan amount relative to Tianhua Sunshine’s assets, the matter still requires approval from the company’s shareholders’ meeting.
**Basic Information of the Guarantor**
(1) Basic Information
Name: Chaoyang Tianhua Sunshine New Energy Investment Co., Ltd.
Registration Number: Not specified
Registered Capital: RMB 10,000
Registered Address: Chaoyang High-tech Park
Legal Representative: Zhang Jianhua
Business Scope: Investment and development of new energy projects, investment management of power projects, agency and sales of crystalline silicon and other photovoltaic materials, solar photovoltaic power generation, and research and development of photovoltaic power generation technology. Operations are subject to relevant laws and regulations.
Relationship with the Company: Tianhua Sunshine is a wholly-owned subsidiary of Liaoning Xindaxin, which is itself a subsidiary of the Company.
(2) Key Financial Indicators
In 2012, Tianhua Sunshine reported zero operating income and zero operating costs, resulting in a net loss of RMB -363,668.34. As of December 31, 2012, the company had total assets of RMB 13,027,227.64 and net assets of RMB 9,636,331.66 (audited figures).
**Main Content of the Guarantee Agreement**
The guarantee involves Liaoning Xindaxin, a wholly-owned subsidiary of the Company, providing a joint and several liability guarantee for Tianhua Sunshine's application for an RMB 80 million loan from Chaoyang Bank Co., Ltd. The guarantee period is three years, and the loan is restricted to the development and construction of the Tianhua Solar Power Project.
**Board of Directors' Opinion**
Tianhua Sunshine is a wholly-owned subsidiary of Liaoning Xindaxin, which is under the control of the Company. The financial risks associated with the guarantee are within the Company’s effective control. This guarantee supports the capital needs for the construction of the photovoltaic power station, which aligns with the long-term development strategy of the Company. It is fair, reasonable, and equitable, and does not harm the interests of the Company or its shareholders. The proposal was reviewed and approved at the 31st meeting of the second board of directors.
Due to the large loan amount relative to Tianhua Sunshine’s assets, the matter must still be submitted to the shareholders’ meeting for final approval.
**Cumulative Amount of External Guarantees and Overdue Guarantees**
As of now, neither the Company nor its subsidiaries have provided external guarantees to any third-party companies. After the guarantee becomes effective, the total amount of external guarantees to subsidiaries during the term of the board of directors was RMB 164,695,802, accounting for 8.62% of the Company’s latest audited net assets. The actual amount of external guarantees incurred by the Company was RMB 114,695,802, representing 6% of the latest audited net assets. There are no overdue external guarantees, and no litigation or losses related to such guarantees.
**References**
1. "Resolution of the 31st Meeting of the Second Board of Directors of Henan Xinda New Materials Co., Ltd."
2. Independent Director’s Opinion on the External Guarantee of the Holding Subsidiary, Liaoning Xinda New Energy Investment Co., Ltd.
**Special Announcement**
Henan Xinda New Materials Co., Ltd. Board of Directors
December 10, 2013