Jianruineng debt restructuring introduces strategic investors to Tianjin New Energy Battery Co., Ltd.-Shanghai Metals Market

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Jianruineng debt restructuring introduces strategic investors to Tianjin New Energy Battery Co., Ltd.

Translation 01:14:44PM May 23, 2019 Source:Capital state

SMM Network News: may 22, Shaanxi Jianruiweneng Co., Ltd. (hereinafter referred to as: Jianrui Vernon, Securities Code: 300116) issued a progress announcement on the introduction of strategic investors.

According to the announcement, Guo Hongbao, the controlling shareholder and actual controller of Shaanxi Jianruineng Co., Ltd. (hereinafter referred to as "the Company"), and Li Yao, the major shareholder and director of the company, intend to introduce strategic investors as a result of planning the transfer of shares in the company. The strategic investors are concerned about new energy enterprises, which have a significant impact on the company.

The progress on the introduction of strategic investors by the company is as follows:

Xi'an Jian Ruili Tong New Energy Technology Co., Ltd. (hereinafter referred to as "Jian Ruili Tong"), a wholly owned subsidiary of Jian Ruiwang, has been working with Nanjing Li Teng New Energy Technology Co., Ltd., Beijing Zhongyu Xing Investment Management Center (limited partnership), Suzhou Anyi Power supply Co., Ltd., Tianjin Jinping Science and Technology Development Co., Ltd. (hereinafter referred to as "Jinping Technology") and Zheng Xiangyang signed the "Shaanxi Li Tong No. 1 New Energy Partnership (Limited Partnership) Partnership Agreement" (hereinafter referred to as the "Limited Partnership Agreement") in Beijing. It is proposed to jointly initiate the establishment of Shaanxi Litong No. 1 New Energy Co., Ltd. (tentatively, subject to the registration of industry and commerce) (hereinafter referred to as the "limited partnership"). (GP), the general partner of the limited partnership, is Caine Ritong. Limited partner (LP) is the above partner. Its registered capital is RMB 50.5 million yuan, and Carey intends to subscribe to a capital contribution of RMB 500000 yuan. The main business scope of the limited partnership is: production and sales of new energy batteries; research and development and sales of power batteries and battery packs; assembly and sale of electric vehicles, equity investment of the company; car rental; road ordinary goods transportation; Urban public transport passenger service.

At the same time, under the terms of the limited partnership agreement, the limited partner Jinping Technology or its designated third party intends to participate in the restructuring of the assets and liabilities of the company as a strategic investor, Including, but not limited to, major asset restructuring, bankruptcy reorganization, asset replacement, equity transfer, divestiture, etc., until they become shareholders of the company. As of the date of this announcement, the Company has not signed a formal cooperation agreement with Jinping Technology or its designated third party.

At present, the limited partnership has completed the formalities of industrial and commercial registration, and has obtained the "Business license" issued by the High-tech Industrial Development Zone Branch of Weinan Administration for Industry and Commerce. The capital of the partners in the limited partnership has reached 23.5 million yuan, of which 10 million yuan has been paid by Tianjin Jinping Science and Technology Development Co., Ltd., 10 million yuan by Nanjing Liteng New Energy Technology Co., Ltd., and 3 million yuan by Suzhou Anyi Power supply Co., Ltd. Jian Ruili also paid $500000. The Korean technical team has been in place, the personnel needed to resume production are basically in place, the original equipment has been initially overhauled, and the new equipment to be purchased is being negotiated with the suppliers.

Tianjin Jinping Science and Technology Development Co., Ltd., a potential partner of Jianruineng, was established on November 28, 2016. Its business scope includes computer software and hardware technology development, technical consultation, business information consultation, and enterprise management consulting.

At present, the company is facing a severe debt crisis and operational difficulties. As a result of large-scale debt overdue, a large number of bank accounts of the company and Watma have been frozen, a large number of operating assets have been closed down, and production and operation have been seriously affected. The order in hand could not be executed properly. In order to ensure the smooth progress of the introduction of strategic investors, the company is working hard to solve the debt problem. If the debt problem can not be solved smoothly, it will have a negative impact on the introduction of strategic investors, which may lead to the final implementation of the matter.

Jinping Technology was founded in Tianjin in 2003, the main business is the research and development, design, manufacture and sales of serialized lithium-ion batteries, polymer lithium-ion batteries and consumer electronic products supporting lithium battery products. The customer is the mainstream brand product provider represented by Samsung Electronics. 20 billion of the products have been sold in the global market. After 15 years of operation, the company has accumulated solid production management experience, product quality control system and proprietary production technology and special equipment. Obtained quality management system certification, environmental management system certification ISO9001 and ISO14001,ECOPartner certification, customer quality system SQCI certification and other international certification. This verifiable production system ensures that our company's ultra-low defective product rate index is in a leading position in the industry. The company's 15 years of battery PACK production experience involves battery core super-standard testing, inspection, safety and environmental protection assembly, welding, performance consistency testing, packaging and other complete production process. Professional and proprietary production equipment and know-how and team to keep pace with the advanced manufacturing level.

The above matters are still in progress and there is still uncertainty, and the company will release the progress of the relevant matters every 10 trading days in accordance with the progress of the above matters and in accordance with the relevant provisions to comply with its disclosure obligations in a timely manner. The company's shares have been suspended for no more than 10 trading days since the market opened on Monday, March 19, 2018. In order to resume the normal trading of the company's shares as soon as possible, the company's shares resumed trading from April 2, 2018, and continued to promote this major asset restructuring after the resumption of trading.

As a former "lithium power giant", the company is now in debt and losing money. In 2018, the company's operating income was 3.997 billion yuan, down 58.62% from a year earlier, with a net profit loss of about 3.925 billion yuan. On April 30, Canon was questioned by the Shenzhen Stock Exchange because of its disclosure of its 2018 annual report, which was questioned by the Shenzhen Stock Exchange for an audit opinion issued by an annual audit accountant who was unable to express an opinion.

Jianruineng debt restructuring introduces strategic investors to Tianjin New Energy Battery Co., Ltd.

Translation 01:14:44PM May 23, 2019 Source:Capital state

SMM Network News: may 22, Shaanxi Jianruiweneng Co., Ltd. (hereinafter referred to as: Jianrui Vernon, Securities Code: 300116) issued a progress announcement on the introduction of strategic investors.

According to the announcement, Guo Hongbao, the controlling shareholder and actual controller of Shaanxi Jianruineng Co., Ltd. (hereinafter referred to as "the Company"), and Li Yao, the major shareholder and director of the company, intend to introduce strategic investors as a result of planning the transfer of shares in the company. The strategic investors are concerned about new energy enterprises, which have a significant impact on the company.

The progress on the introduction of strategic investors by the company is as follows:

Xi'an Jian Ruili Tong New Energy Technology Co., Ltd. (hereinafter referred to as "Jian Ruili Tong"), a wholly owned subsidiary of Jian Ruiwang, has been working with Nanjing Li Teng New Energy Technology Co., Ltd., Beijing Zhongyu Xing Investment Management Center (limited partnership), Suzhou Anyi Power supply Co., Ltd., Tianjin Jinping Science and Technology Development Co., Ltd. (hereinafter referred to as "Jinping Technology") and Zheng Xiangyang signed the "Shaanxi Li Tong No. 1 New Energy Partnership (Limited Partnership) Partnership Agreement" (hereinafter referred to as the "Limited Partnership Agreement") in Beijing. It is proposed to jointly initiate the establishment of Shaanxi Litong No. 1 New Energy Co., Ltd. (tentatively, subject to the registration of industry and commerce) (hereinafter referred to as the "limited partnership"). (GP), the general partner of the limited partnership, is Caine Ritong. Limited partner (LP) is the above partner. Its registered capital is RMB 50.5 million yuan, and Carey intends to subscribe to a capital contribution of RMB 500000 yuan. The main business scope of the limited partnership is: production and sales of new energy batteries; research and development and sales of power batteries and battery packs; assembly and sale of electric vehicles, equity investment of the company; car rental; road ordinary goods transportation; Urban public transport passenger service.

At the same time, under the terms of the limited partnership agreement, the limited partner Jinping Technology or its designated third party intends to participate in the restructuring of the assets and liabilities of the company as a strategic investor, Including, but not limited to, major asset restructuring, bankruptcy reorganization, asset replacement, equity transfer, divestiture, etc., until they become shareholders of the company. As of the date of this announcement, the Company has not signed a formal cooperation agreement with Jinping Technology or its designated third party.

At present, the limited partnership has completed the formalities of industrial and commercial registration, and has obtained the "Business license" issued by the High-tech Industrial Development Zone Branch of Weinan Administration for Industry and Commerce. The capital of the partners in the limited partnership has reached 23.5 million yuan, of which 10 million yuan has been paid by Tianjin Jinping Science and Technology Development Co., Ltd., 10 million yuan by Nanjing Liteng New Energy Technology Co., Ltd., and 3 million yuan by Suzhou Anyi Power supply Co., Ltd. Jian Ruili also paid $500000. The Korean technical team has been in place, the personnel needed to resume production are basically in place, the original equipment has been initially overhauled, and the new equipment to be purchased is being negotiated with the suppliers.

Tianjin Jinping Science and Technology Development Co., Ltd., a potential partner of Jianruineng, was established on November 28, 2016. Its business scope includes computer software and hardware technology development, technical consultation, business information consultation, and enterprise management consulting.

At present, the company is facing a severe debt crisis and operational difficulties. As a result of large-scale debt overdue, a large number of bank accounts of the company and Watma have been frozen, a large number of operating assets have been closed down, and production and operation have been seriously affected. The order in hand could not be executed properly. In order to ensure the smooth progress of the introduction of strategic investors, the company is working hard to solve the debt problem. If the debt problem can not be solved smoothly, it will have a negative impact on the introduction of strategic investors, which may lead to the final implementation of the matter.

Jinping Technology was founded in Tianjin in 2003, the main business is the research and development, design, manufacture and sales of serialized lithium-ion batteries, polymer lithium-ion batteries and consumer electronic products supporting lithium battery products. The customer is the mainstream brand product provider represented by Samsung Electronics. 20 billion of the products have been sold in the global market. After 15 years of operation, the company has accumulated solid production management experience, product quality control system and proprietary production technology and special equipment. Obtained quality management system certification, environmental management system certification ISO9001 and ISO14001,ECOPartner certification, customer quality system SQCI certification and other international certification. This verifiable production system ensures that our company's ultra-low defective product rate index is in a leading position in the industry. The company's 15 years of battery PACK production experience involves battery core super-standard testing, inspection, safety and environmental protection assembly, welding, performance consistency testing, packaging and other complete production process. Professional and proprietary production equipment and know-how and team to keep pace with the advanced manufacturing level.

The above matters are still in progress and there is still uncertainty, and the company will release the progress of the relevant matters every 10 trading days in accordance with the progress of the above matters and in accordance with the relevant provisions to comply with its disclosure obligations in a timely manner. The company's shares have been suspended for no more than 10 trading days since the market opened on Monday, March 19, 2018. In order to resume the normal trading of the company's shares as soon as possible, the company's shares resumed trading from April 2, 2018, and continued to promote this major asset restructuring after the resumption of trading.

As a former "lithium power giant", the company is now in debt and losing money. In 2018, the company's operating income was 3.997 billion yuan, down 58.62% from a year earlier, with a net profit loss of about 3.925 billion yuan. On April 30, Canon was questioned by the Shenzhen Stock Exchange because of its disclosure of its 2018 annual report, which was questioned by the Shenzhen Stock Exchange for an audit opinion issued by an annual audit accountant who was unable to express an opinion.