For those that want to know about the Caroline Fargo agreement with JRO,
Securities Code: 300 116 Stock name: Kennedy can Rivoli Announcement Number: 2018-221
Shaanxi Co., Ltd. on energy firm Ruiwo
A wholly owned subsidiary pledged equity held by its subsidiaries of foreign financing announcement
The Company and all members of the Board to ensure that notice is true, accurate and complete, not false records , Misleading statements or material omissions.
Special Note:
1 , The company intends to wholly-owned subsidiary of Holdings Limited held by Ferrer Altura Mining
Limited the company 3.06 One hundred million shares to provide collateral security Caroline-Fargo Capital Limited (Caroline -
Wells Fargo Financial Corporation) financing matters, is intended to reach the final after consultation with the company's overseas financial institutions
To the company and the foreign financial institution has formally signed the "secured loans and mortgage Agreement" (hereinafter referred to as "Association Discussion ").
2 The company is currently facing a severe debt crisis, the company occurs if the agreement is not in the prescribed
Repayment of principal and interest on time, the collateral value is less than the minimum value of the collateral and can not supplement additional collateral And other events of default, Caroline - Wells Fargo Financial Corporation the right to public, private, sell or otherwise transfer,
Sell, lease or otherwise dispose of the company's wholly-owned subsidiary of Holdings held by Ferrer Altura the company's 3.06
Billion in stock, this will adversely affect the company's profits.
3 That this foreign financing matters, in the process of repatriation of dollars arrival in the territory, there can shun
Lee import and domestic funds to the account after the transfer of the territory of the account creditor application or an application for judicial freezing wind risk.
4 The company also believes the two independent directors security funds can not be controlled, while the company's ability to execute Association Fourth Board of Directors meeting agreed repayment terms to avoid the occurrence of an event of default cautious comments, held in company
It abstained twenty-sixth meeting.
5 , The Loan principal is a wholly owned subsidiary Ferrer holding, holding foreign capital into the bank Ferrer
Account. Ferrer Holdings registered in Hong Kong, Ferrer holding is not currently involved in any litigation and guarantees, silver 1
Bank account security. Future funds into the territory to resume production, the company will choose not involve any guarantee and v Security Accounts litigation events, ensuring the safety of funds available.
A summary of the transactions
1 In order to ease the financial pressure, to raise the funds needed to restore production, Shaanxi limited by shares can firm Ruiwo Company (hereinafter referred to as the "Company") in 2018 year 12 month 17 It held its twenty-sixth of the fourth Board
The meeting reviewed the "Proposal of collateral held by its subsidiary, wholly owned subsidiary of the equity of foreign financing"
The company agreed to a wholly owned subsidiary Ferrer Holdings Limited (hereinafter referred to as "Ferrer Holdings") held Altura
Mining Limited ( Hereinafter referred to as " Altura ")the company 3.06 One hundred million shares to provide collateral security Caroline-Fargo Capital Limited (Caroline - Wells Fargo Financial Corporation) financing, in accordance with altura Company in Australia
Stock Exchange ( ASX ) Market prices 4.5 Fold, pledge financing amount up to about 2000 $ 50 million financing
Funding period 3 Years, the financing rate for the year 5.5% (However, according to an event of default under this Agreement or loans
Section table, the loan balance outstanding amount shall be equal to the annual interest rate 12 %). And authorized the company to operate tube Physical layer to handle other specific issues related to the equity pledge financing business, including, but not limited to, sign the relevant Agreement, deal with all other relevant formalities Stock Pledge.
2 This matter does not constitute a connected transaction, does not constitute a "major asset restructuring of listed companies management approach" Major asset restructuring provisions.
3 According to the "Shenzhen Stock Exchange GEM Stock Listing Rules" and "Articles of Association" of the relevant regulations Given this matter within the purview of the Board of Directors decision, no need to submit the company shareholders' meeting.
Second, the basic situation of the target company pledge
1 ,company name: Altura Mining Limited
2 Ownership: Listed Company
3 , Office Address: Level 2, 23 Barrack Street, Perth, Western Australia 6000,
Australia
4 , Listing Exchange: Australian Stock Exchange ( Australian Securities Exchange, ASX )
5 Outer number of issued ordinary shares: 181 986.6474 Shares
6 Main business: The company is the subject of an Australian Stock Exchange ( ASX ) Listed companies,
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Altura The company owns 100% Ownership Pilgangoora Pier Ba project is located in Western Australia
World-class hard rock lithium mining project in the Tula region, Altura The company has Pilgangoora Project in Australia
Prospecting and mining rights hard rock lithium mine in the Pilbara region of Western (the current expiry date for the mining rights
2037 year 8 month 25 Day), the huge development potential of lithium ore project, which spodumene mining technology has become very Cooked, to meet the needs of battery power, the exploitation of high purity, in line with the car battery material consistency
Claim.
7 , Shareholdings: At present, the company has adopted a wholly owned subsidiary of Hong Kong Limited holds Ferrer control subject the company 16.81% Stake in the Altura The largest shareholder.
8 The main financial indicators:
Total liabilities
2018 year 6 month 30 day
project
One thousand Australian dollarOsne thousand yuan RMB
Total assets
268,875
1,307,620
88,338
175,522
853,616
31,388
Net assets
93,535
454,889
56,950
project
One thousand Australian dollarOsne thousand yuan RMB
Operating income
1,165
5,666
1,271
operating profit
- 13,121
- 63,811
- 6,449
Net profit
- 12,817
- 62,333
- 6,165
2017 year 6 month 30 day
One thousand Australian dollarOsne thousand yuan RMB
460,232 163,528 296,704
2017 year 7 month 1 day- 2018 year 6 month 30 day 2016 year 7 month 1 day- 2017 year 6 month 30 day
One thousand Australian dollarOsne thousand yuan RMB
6,622 - 33,599 - 32,119
1 , Altura The fiscal year for the first year 7 month 1 To the second year 6 month 30 day;
2 The above data was taken Altura in ASX Public disclosure 2018 Annual Report and 2017 Annual Report.
3 The 2018 In accordance with relevant financial data 2018 year 6 month 29 Japan China Foreign Exchange Trade Center is authorized to publish
the RMB exchange rate conversion, 2017 In accordance with the relevant data 2017 year 6 month 30 Japan China Foreign Exchange Trade Center is authorized to publish the RMB exchange rate conversion.
Third, the basic situation of the counterparty
1 ,company name: Caroline-Fargo Capital Limited
2 , Business registration number: 63958840-000-10-17-7
3 Registered capital: 1,000,000 HKD
4 ,Registered address: 10 / F, 18 On Lan Street, Central, Hong Kong 5 ,director: Ting Cheong, Robert
6 ,Date of establishment: 2014 year 10 month twenty one day
7 Operating range: CORP
Caroline-Fargo Capital Limited With the company's non-affiliated independent third party, with the company
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Before ten shareholders and the company there is no relationship, there was no other possible or has caused the company to its interests Other relationships tilt.
Fourth, the main contents of the transaction agreement
Borrower: Furui Holdings Limited (Ferrer Holdings Ltd.)
Lenders: Caroline-Fargo Capital Limited (Caroline - Wells Fargo Financial Corporation)
The principal terms of secured loans and mortgage agreement are as follows:
1 The maximum loan amount: according to altura Companies in the Australian Stock Exchange ( ASX )market price of 4.5 Fold, pledge financing amount up to about 2000 Ten thousand U.S. dollars
2 , Financing terms: 3 year
3 , Financing rates: It refers to an annual interest rate 5.5 %. However, according to an event of default under this Agreement or loans Section table, the loan balance outstanding amount shall be equal to the annual interest rate 12 %
4 Interest period: Originally it referred to a loan from the first day to 2020 year 1 month 1 During the end of the day, Then ended 1 month 1 Each day 12 Month period, and finally from the first day of the beginning of the period
period. On a full Interest Period and the end of the due date (in the other party will 2018 year 12 month 31 A few days ago Complete loan)
5 , The pricing reference date: Each delivery before five ( 5 The average closing price) consecutive trading days, or immediately Prior to the closing price of each trading day of the delivery date, whichever is lower
6 The type of guarantee: Ferrer wholly owned subsidiary of the company held by the holding Altura the company 3.06 One hundred million shares Provide collateral Tam
7 Minimum collateral value: At any time shall be equal to the then outstanding principal amount of the loan 75 %
8 Loan funds: Loans will be divided into four groups for funding. The two sides should promote investment on the date of the first loan Period of 9000 After the pledge million shares, in implementation of the relevant loan documents 5 Business days of the occurrence. On push Into the follow-up loans 3 The funding approved, respectively, 9000 Million shares, 9000 Shares and 3600 Million pledged shares,
Lending in the future should be the first 2 Working day, and continued every 2 Working days up to a maximum loan amount
get sponsors
9 , For funding: Lender funding the loan at any date and advance for the first time prepaid and / or subsequent advance
Responsibility paragraph, subject to the following conditions precedent fulfilled or waived (so that the lender and so there is a reasonable prerequisite full 4
Italy) prerequisite on the borrower):
(A) Proof of the relevant payments loan borrowers should schedule duly execute and deliver, and maintain full
effective;
(B) Parties and depository agent should be duly signed and delivered the pledge and hosting control commands;
(C) Follow-up advance payments, the borrower has been duly executed and delivered Pledge Appendix (if necessary) to
It will provide at least such an amount to provide sufficient collateral under this Agreement immediately thereafter of total loans followed Products. According to 3 ( c ), Advance the date;
(D) Advances in terms of follow-up, will be pledged to the lender before the date of its follow-up in advance or pledged shares
Parts (if any) should have been delivered and mortgage borrowers and custody accounts held by brokers quality in accordance with the terms and conditions Charge and hosting control command;
(E) All representations and warranties made by the borrower under the loan documents are true in all material respects, the quasi Indeed, not misleading;
(F) Lenders and their lawyers on the form and content as well as all documents related to loans and other instruments
All items should be reasonably satisfied, the lender's attorney should receive loans related to the reasonable demands of its possible A copy of the file.
(G) Lenders to provide loans to the borrower as well as the implementation, delivery and performance shall comply with any document or agreement Apply to lenders and borrowers of any and all applicable laws and governmental regulations;
(H) does not exist( i ) Issued or submitted any judgment, order, injunction or other restrictions, ban issued Loan or other transaction for the completion of the agreement, or ( ii ) Any suit, action, litigation or similar proceedings Any court, government agency or agencies transaction carried out in the presence here or by law or equity threats;
(I) From the date of signing of this agreement, it did not occur or would reasonably be expected to borrowers, issuers or securities Material adverse effect on the event or series of events;
(J) From the date of signing of this agreement
A ) Trade stocks in major markets and / or offer shall not be suspended (except
Non-trading halts or suspend any transaction ( "pause") does not exceed the requirements of the issuer voluntarily 14 Trading,
Including but not limited to suspend publication of the merger involving the issuer, acquisitions or other significant transactions related announcement, Stock Trading should be restored before the applicable date in advance) ( B ) Any governmental authority or agency shall declare
More than one trading day commercial banking activities suspended, nor in commercial banking or securities settlement or clearing services
The occurrence of more than one trading day of any significant disruption. Any global securities markets or the listing of shares of the issuer
In the country, as well as ( C ) Must not happen
1 ) Any material l Involving the issuer's shares enemy country
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Actions or the outbreak or escalation of acts of terrorism, or the issuer's shares are listed in a national emergency or war
Any statement out of the country, or ( 2 ) Any other national or international calamity or crisis on this scale guide
Cause or reasonably expected to have a material adverse impact on the financial markets, or any of a developed global financial markets Any material adverse change occurs as economic, political or financial conditions, if the impact of this provision ( C ) Of Regulation
Given any such incident, according to the lender's reasonable judgment, can not make the terms provided for in this Agreement
And ways of financing the completion date of the loan amount in advance.
10 ,Guarantee:
(A) As collateral for all the obligations of the Borrower hereby grant, assign, transfer and convey lenders
The continuing security interest in all present and after acquired or produced collateral, to ensure proper repay any and
All obligations and ensure the proper performance of the borrower under the loan schedule and perform this Agreement and the meaning of each contract Service. Borrower agrees lender in addition to all other rights the lender may have, it should also be entitled pursuant to this
All rights agreement on collateral granted.
(B) Brokerage account control. Before the first advance payment, the borrower should pledge the transfer of shares and / or maintenance
Held in custody by a broker on behalf of the borrower to open a brokerage account ( "Account"), the account by quality
Charges and constraints hosting control instructions executed by the borrower, the lender and depository favor of brokers. The Borrower shall root According to the protocol requirements of the Appendix to this Pledge tris ( 3 ) Business days, any pledge contained in the Appendix any
Additional collateral transfer of shares and / or maintained in the account, and comply with the pledge and hosting control commands. The borrower still However, it is the beneficial owner of the account, provided that in the event of default, the lender can under the terms here
And such pledge and trusteeship control instructions to sell or otherwise dispose of securities and assets therein.
11 Collateral:
(A) If the value of the collateral falls below the minimum value of the collateral at any time, the lender is issued in writing Five (after notice 5 ) Working days, the borrower can pledge and deliver additional shares and / or cash (or
Acceptable equivalents). Lenders) as additional collateral, the amount should not lower the value of the collateral
The target value of the collateral.
(B) Lenders pledge not to sell any shares before the event of default, the lender may after this
According to chapter exercise all rights relating to the pledged shares 9 (b) . herein. Borrower acknowledges that in the event of default sent After birth, if the fair market value of the shares pledged to reduce, the lender has acted in good faith dispose of collateral
Under no circumstances shall be deemed failed to take reasonable care approach in custody or custody of collateral, either
He pledged the shares of any such sale or other disposition shall be deemed commercially reasonable under applicable law.
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(C) Despite anything contained herein, the borrower acknowledges that during the term of this Agreement and loan documents, The lender has the absolute right to decide free implementation of portfolio protection arrangements, and free from any lien,
Claims or encumbrances of influence, including: but not limited to any risk management, purchase / repurchase agreements, quality Charge, futures, or options or derivatives trading strategies used constitute or loan collateral (or any of them)
Of the shares to support the portfolio strategy to protect the lender.
(D) For any collateral, although any obligations to lenders still outstanding and unpaid, especially borrowers
This transfer of all dividends and distribution paid or made by way of security to the lender (including, but not limited to, now
Gold or stocks). The issuer of such collateral included shares. Prior to the occurrence of an event of default, the borrower
Is entitled to exercise any voting rights associated with collateral or other rights and powers agreed, as long as the exercise
It will not adversely affect the lender's security interest in the collateral. If the borrower and the collateral has received
Any dividend off, then such dividend shall be held in trust to the lender as collateral, and then deposit
Account (with proper instruments of transfer and / or stock rights) executed by the borrower in accordance with the lender's instructions).
The Borrower shall deliver any extra certification card by the pledge of shares of the issuer immediately upon receipt of the deposit broker
The transfer of title to the shares allocated vouchers composition, etc. as well as the authorization to the account of the executed stock power and public Division resolution.
(E) In the case of all the borrower's debt has been paid in full, the collateral and pledged shares will be in accordance with this
The extent and manner prescribed at be lifted and returned to the borrower. Borrower acknowledges and agrees that all the shares (packets
Including the obligation pledge of shares) are interchangeable, so the lender in return for this pledge of shares to be understood as to the borrower The number of mortgage payment and delivery of shares equal to the total number of such shares pledged to the lender under this Agreement (due to This, for stock splits, stock dividends and similar events, the number of shares have been appropriate and fair tone
whole). Lender shall immediately notify the depository broker agrees to release the collateral and pledge of shares borrowed and returned to
People money and perform to the borrower delivery contract release order form and content creation of security interests. loan
People may reasonably require
(F) When an event of default occurs in this Agreement and continue to occur, the borrower shall sign or, as the case in the lender Under reasonable request signed, stamped and execute and deliver any tickets have been sold or transferred, or other tools. loan Man-made complete file collateral or liquidation sale or disposal may be necessary or required.
(G) Lenders themselves and their successors, and assigns consent endorsement, in addition to this paragraph, this Agreement Liability for payment under the term non-recourse obligations of the borrower to repay the loan, the lender can only view the loan guarantee Section of collateral and / or other security tools, and not any subsequent heirs of the borrower or the borrower's
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Or assignee of any claim or prosecute any action or proceeding to resolve any defect after the payment. Arrived in Collateral on.
12 , Events of default:
( 1 ) Each of the following time constitutes "event of default"
a ) Failed from the date of this Agreement within five ( 5 ) Business days of payment of principal or loan or this Agreement and
Any interest in a loan schedule;
b ) If any other Event of Default (as defined in the loan and if the schedule), is based on a loan
Timetable occur;
c ) If the borrower in this Agreement or any funding or date of this Agreement or any other loan documents according to
Any statement made by any statements or guarantees provided by me is false or in any material respect the time Misleading;
d ) Borrower fails (in addition to any important provisions of non-payment) to comply with the agreement, the loan schedule Or pledge and hosting control commands, provided that if such failures can be cured, if we can cure, in breach of contract
Remedy within ten days after the incident;
e ) If the borrower fails to follow the first 5 ( a ) Or any other provision of this Agreement Section timely release The additional collateral hereunder;
5 ( a ) - If the value of the collateral falls below the minimum value of the collateral at any time, then the lender After giving written notice five ( 5 ) Working days, the borrower can pledge and deliver additional shares and /
Or cash (or acceptable equivalents). Lenders) as additional collateral, which should make the mortgage amount
Product value is not less than the target value of the collateral.
f ) Shall initiate any action or proceeding to the borrower, the borrower's requirements for all or any substantial Of part of the property issue additional, execution, limit or a similar program, resulting in raised relief order within sixty ( 60 ) Days remain free initiative, is not released or non-binding, and may have a significant adverse impact on the borrower;
g ) Granted under this Agreement and pledged security interests (if necessary, together with the pledge and hosting control Instruction) will stop the establishment of their respective property or the validity or priority for any reason at any time and effective Complete priority security interest. Borrower or any other person to deal with such a security interest in question; or any
What other loan documents should for any reason no longer has full effect at any time after its execution and delivery
Force or declared invalid or ineffective, or the Borrower or any of its validity or enforceability has been questioned others;
h ) If the breach of this Agreement, the collateral value is less than the principal amount of the borrower fails to repay the loan 75 % 8
Borrower shall, upon notice to the lender in writing five ( 5 ) Working days to pledge and deliver additional shares Parts and / or cash (or lender acceptable equivalents) as additional collateral under this protocol, which
The amount should be not less than the target value of the collateral value of the collateral;
i ) Without the prior written consent of the lender, the borrower sell, transfer, pledge, grant a security interest, Mortgage, loan or otherwise grant any pledge of shares or any other rights, or trying to implement any of the above
HE claim;
( 2 ) After the occurrence of any event of default, the lender is entitled by written notice to the borrower, according to announced All security interests and other remedies timetable loans granted under the pledge and hosting control instructions for
Law already enforceable and exercisable, and therefore the law can be enforced and can be exercised. At this
Lower case, without limiting the foregoing, the lender shall have the following rights and powers:
a ) The lender has the right (but not the obligation) to announce the unpaid principal balance of the loan, accrued and unpaid All interest and costs, as well as all other amounts due and payable direct obligations of, all without the need to protest,
Any request and / or further notice to the Borrower, all of which are expressly waived;
b ) The lender has the right (but not the obligation) to exercise all rights related to the collateral, as if it It is its sole and absolute owner of the same;
c ) The lender has the right (but not the obligation) to public or private sale or otherwise transfer, sell,
Lease, transfer or otherwise dispose of any and all collateral and delivery (including, but not limited to, the sale of any
And all collateral) stock, cash or credit on any public exchange or market or future delivery in loans
People think that money on commercially reasonable time or place or location or place, no redemption rights of the borrower, hereby Expressly waived. At each such sale, lease, transfer or other transfer of the collateral, the lender may fair
Market price to buy all or any part of the collateral for sale, releases and discharges all trust, claims, redemption
Rights and equity. Borrower hereby waives and releases;
d ) The lender may retain judicial proceedings for the foreclosure and sale of the collateral;
e ) The lender can transfer ownership of collateral to the lender or its nominee's name, and
Such transfers recorded in the lender sees fit anywhere, and or when / sell all or part of the collateral
Transfer of ownership. Purpose, Borrower irrevocably designated as its credit the fact that lawyers do this, the borrower
On behalf of the people of the execution endorsement, transfer and tools, which is making any kind of sale to effect the transfer of ownership of After necessary or reasonable;
f ) The lender itself or can receive payment from the collateral by the payee, revenue and income; 9
g ) The lender shall enjoy all the rights and complement the secured creditor under the provisions of all applicable laws Rescue measures may be amended from time to time. In addition, the lender shall have and may exercise its law, equity or
He may have regard to any or all of the rights and remedies;
( 3 ) In the event of the occurrence of an event of default and continue to borrowers in the implementation of the rights and remedies of any credit Waive any and all rights it may have in the judicial hearings before the measures, including but not limited in its matter
After the piece breach occurred right now by collateral related to exercise their rights and remedies.
( 4 ) Borrower agrees, the lender after the occurrence of any event of default on any public exchange or market
On the sale of pledged shares will constitute a commercially reasonable sale, the borrower shall not take any position or make any In contrast requirements. If the mortgage lender continues to sell any shares in the event of default, the lender shall
Any remaining funds to offset income borrowers such receivables sold and retain received exceed the payable gold
The amount of the proceeds. No obligation to remit any proceeds to the borrower.
( 5 ) All reasonable costs associated with the disposal of collateral, including but not limited to re-purchase, hold and Costs to sell collateral, should be part of the obligations under the guarantee agreement, and shall be required to pay interest As default rates (defined from the loan disbursement date to the date of repayment of the table.
( 6 ) The lender of all rights and remedies, whether this agreement, the loan schedule, and pledge
Hosting control instructions or any other documentary evidence, it shall be cumulative and may be exercised individually or simultaneously. loan People choose to seek any remedy shall preclude any pursue other remedies, and the borrower fails to fulfill
After the row, election expenses under this agreement or take action to fulfill the obligations of the borrower shall not affect the lender
Exercise its right to declare breach of contract remedies.
( 7 ) At the time of occurrence and duration of an event of default, the borrower ( x ) All rights to exercise or not to exercise
Voting and other rights (if any) agreed to exercise its right to pledge the shares in the lender to borrow
Payee after notification, should be stopped and ( y ) Which will be authorized to receive dividends and interest to receive and retain,
If so, it will automatically stop, and then all of these rights will belong to the lender and therefore entitled to exercise
Or non-exercise of such voting rights and other rights agreed, and as an additional collateral to obtain and hold such
Dividends, interest and other assignments. For the avoidance of doubt it is hereby granted power of attorney lender irrevocable, and
Exercise all voting rights of the issuer's outstanding shares on any additional certification equity securities, such rights in hair
Health and entered into force during the continuation of an event of default. If the lender is prohibited to exercise this right to vote, the Borrower shall The lender's instructions to vote or not to vote. All borrowers receive dividends, interest payments and other distributions violation
Provisions of this paragraph shall be in trust for the benefit of the lender's fee, should be separated from other funds of the borrower, and
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Immediate payment to the borrower. The lender as collateral using the same form as received (with any necessary Approval).
13 ,Applicable law: This Agreement and any dispute arising therefrom, constitute or differences or problems of interpretation,
Whether its execution, validity or obligation to provide its here or performance related, shall be governed by Hong Kong law interpretation
And jurisdiction. The parties hereby made to the exclusive jurisdiction of the courts of Hong Kong, on the production of this Agreement or any other Loan Docum Health issues of any claim or objection.
14 ,Dispute Resolution: Caused by this Agreement or any related loan documents or in connection with any dispute, controversy,
Differences or claims, including its existence, validity, interpretation, performance, breach or termination of, or arising therefrom or
With any dispute relating to non-contractual obligations in accordance with the Arbitration Rules of the Hong Kong International Arbitration Center under the juri When cutting the notification submitted, shall be submitted to arbitration by the Hong Kong International Arbitration Center (HKIAC) management and
Final settlement. The place of arbitration shall be << MinCollateralValue >> . The number of arbitrators shall be
<< MinCollateralValue >> . Arbitration proceedings shall be in << MinCollateralValue >> .
Fifth, other arrangements of the transaction
1 This transaction is the subject of equity, credit and debt does not involve the transfer. The company commissioned by the target company does not ex The financial situation. Target situation misappropriate funds of the Company does not exist
2 , The Loan principal is a wholly owned subsidiary Ferrer holding, holding foreign capital into the bank Ferrer
Account. Ferrer Holdings registered in Hong Kong, Ferrer holding is not currently involved in any litigation and guarantees, silver Bank account security. Future funds into the territory to resume production, the company will choose not involve any guarantee and v Security Accounts litigation events, ensuring the safety of funds available.
Sixth, the impact of this transaction on the company's
The company, a wholly owned subsidiary of Holdings held by Ferrer Altura the company 3.06 One hundred million shares of the capital raising put
For collateral, the financing will help ease the financial pressure the company is currently facing, for the company to resume production soon
Rate financing, and then for the company to resume production matters, the introduction of strategic investors matters, and bankruptcy and restructuring matter We have a positive impact, in line with the company's current strategic plan. There is no damage to the company and shareholders in particular,
The case of the interests of minority shareholders.
VII. Risk Warning
1 The company is currently facing a severe debt crisis, the company occurs if the agreement is not in the prescribed 11
Repayment of principal and interest on time, the collateral value is less than the minimum value of the collateral and can not supplement additional collateral And other events of default, Caroline - Wells Fargo Financial Corporation the right to public, private, sell or otherwise transfer,
Sell, lease or otherwise dispose of the company's wholly-owned subsidiary of Holdings held by Ferrer Altura the company's 3.06
Billion in stock, this will adversely affect the company's profits.
2 That this foreign financing matters, in the process of repatriation of dollars arrival in the territory, there can shun
Lee import and domestic funds to the account after the transfer of the territory of the account creditor application or an application for judicial freezing wind risk.
All information disclosure website are huge influx of information network China Securities Regulatory Commission designated GEM information (
http://www.cninfo.com.cn ) Disclosed the official announcement shall prevail, please the majority of investors concerned about the public
Department announcement, rational investment, investment risks.
Eight, reference documents
"Secured loan and mortgage agreements."
Special announcement.
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Shaanxi Jian Ruiwo able Co., Ltd. Board December 18, 2018
