Share price discussion, page-469

Things moving at Shaanxi too.. Just some info from Shaanxi announcement

Stock code: 300116 Stock abbreviation: Jianrui Wooneng Announcement No.: 2019-102
Shaanxi Jianrui Wooneng Co., Ltd. issued a financial leasing event and the company’s wholly-owned subsidiary provided guarantee for the company.
Report
Special Note:
1. In order to help the company resume production as soon as possible and meet the capital and equipment needs for restoring production, the company recently signed a “financial lease contract” with Seco International Finance Leasing (Shenzhen) Co., Ltd., and plans to carry out financial leasing transactions. The method of financing lease is direct financing lease (direct rent), the transaction amount of financial lease is RMB 30,000 million, and the lease term is 6 years (the company pays rent on a quarterly basis, a total of 22 rents are required, and the payment method is irregular repayment). ), the company's wholly-owned subsidiary Shenzhen Waterma Battery Co., Ltd. (hereinafter referred to as "Wotma") provides the company with irrevocable joint liability guarantee for all the debts under the above lease contract;
2. In view of the company's current severe debt crisis, large-scale debt overdue caused the company and Waltmar's large bank accounts to be frozen, and a large number of operating assets were seized. Therefore, whether the company can properly perform the corresponding rent repayment obligations in accordance with the above-mentioned "financial lease contract" still has great uncertainty. If the company fails to perform normally (a default occurs), Seco International Finance Leasing (Shenzhen) Co., Ltd. has the right to cancel the above-mentioned “financial lease contract” and request the company to compensate for the loss;
3. Seco International Finance Leasing (Shenzhen) Co., Ltd. has full ownership of the leased property under this financial leasing transaction. It can ensure the safety of the leased property and avoid the risk of being seized by the company's creditors.

Arjay