[announcement] Huludao Zinc Industry guarantees Zinc Trade in Shenzhen, a subsidiary of Huludao Zinc Industry

Announcement of resolution at the 25th meeting of the ninth session of the board of directors of Huludao zinc industry co., Ltd

The Company and all members of the Board of Directors guarantee that the contents of the information disclosure are true, accurate and complete, and that there are no false records, misleading statements or material omissions.

The 25th meeting of the Ninth session of the Board of Directors of Huludao Zinc Industry Co., Ltd. was held on the afternoon of September 12, 2019 in the conference room on the third floor of the company. Ten days before the meeting, the office of the secretary of the board of directors shall serve or fax the notice of the meeting to the director himself. There shall be 9 directors and 9 directors present at the meeting, and supervisors and senior executives of the company shall attend the meeting. The convening and convening of the meeting shall be in accordance with the provisions of the Company Law, the Securities Law and the articles of Association of the Company.

The meeting was presided over by the Chairman, Mr. Yu Enyuan, and the meeting considered and adopted the following motion:

The motion on the guarantee provided by the company for its wholly owned subsidiary Shenzhen Zinda Trading Co., Ltd. was examined and adopted.

The result of the vote: 9 yes, 0 no, 0 abstention.

For details, see the announcement of external guarantee of Huludao Zinc Industry Co., Ltd., disclosed on September 16, 2019 on Juchao Information Network.

I hereby announce.

Huludao zinc co., Ltd.

September 12, 2019

Stock code: 000751 stock abbreviation: zinc shares announcement number: 2019-043

Huludao zinc co., Ltd.

Announcement on external guarantee

The Company and all members of the Board of Directors guarantee that the contents of the information disclosure are true, accurate and complete, and that there are no false records, misleading statements or material omissions.

I. Overview of the guarantee situation

(I) the basic information of this guarantee

1. Agreement signed on 11 September 2019

two。 Signed by Longgang District, Huludao City, Liaoning Province

3. Guarantor: Shenzhen Zinda Trading Co., Ltd. (hereinafter referred to as "Zinda Trading")

4. Creditors: Longgang Branch of Huludao Bank Co., Ltd. (hereinafter referred to as "Huludao Bank")

5. Guarantee amount: Zinda Trade, a wholly owned subsidiary of the company, intends to apply to Huludao Bank for trade financing of RMB 100 million for one year. The company provides joint and several liability guarantee for Zinda trade financing of RMB 100 million.

(II) voting on the consideration of the guarantee bill by the Board of Directors

At the 25th meeting of the ninth session of the board of directors of the company, by a vote of 9 to 0, with 0 abstention, the bill on the provision of guarantee for Shenzhen Zinda Trading Co., Ltd., a wholly owned subsidiary, was deliberated and adopted. The above guarantee amount did not exceed 10% of the company's latest audited net assets, and the cumulative guarantee amount did not exceed 50% of the company's latest audited net assets. The guaranteed amount did not exceed 30% of the company's total audited assets for the last 12 months in a row. The guarantee takes effect after being approved by the board of directors of the company and does not need to be submitted to the general meeting of shareholders for consideration

II. Basic information of the guarantor

1. Basic information

Company name: Shenzhen Zinda Trading Co., Ltd.

Date of establishment: 22 March 2018

Residence: room 201, Building A, Qianwan Road, Qianhai Shenzhen-Hong Kong Cooperation Zone, Shenzhen

Legal Representative: Li Haibo

Registered capital: 300 million RMB

Main business: engaged in business activities on the Internet (excluding restricted items); Metallurgical equipment, environmental protection equipment, metal materials, mechanical and electrical equipment, mechanical accessories, instruments, mining machinery, chemical raw materials and products (excluding dangerous chemicals), mineral products, Wujinjiaodian, power tools, jewelry, steel, telecommunications equipment, sports and office supplies, building materials, decoration materials, cosmetics, leather products, furniture, wood, hotel supplies, daily department stores, craft gifts, The purchase and sale of clothing and clothing; The sale of automobiles (excluding cars); the sale of a class of medical devices; supply chain management; domestic trade (excluding monopoly, monopoly commodities); engaged in import and export business.

Relationship with the Company: Shenzhen Zinda Trading Co., Ltd. is a wholly owned subsidiary of the company.

two。 Key financial indicators of the latest issue of the guarantor

Unit: RMB yuan

3. Zinda trade is not a breach of trust.

III. Main contents of the guarantee agreement

1. Zinda Trade intends to apply to Huludao Bank for trade financing of RMB 100 million for one year for the opening of international and domestic letters of credit.

two。 At the request of Zinda, the company shall provide joint and several liability guarantee for the trade financing of RMB 100 million applied to Huludao Bank.

IV. Opinions of the Board of Directors

This guarantee is that the company provides joint and several liability guarantee for its wholly owned subsidiary Zinda trade to Huludao bank trade financing amount of 100 million yuan, in order to support its capital needs to carry out business, Zinda trade is a wholly owned subsidiary of the company, the guarantee risk can be controlled, this guarantee does not harm the interests of the company and minority shareholders.

As the guarantor is a wholly owned subsidiary of the company, the company does not require the guarantor to provide a counter-guarantee.

V. the cumulative number of external guarantees and the number of overdue guarantees

After the completion of this guarantee, the external guarantee balance of the company and its holding subsidiaries is RMB 500 million yuan, and the total external guarantee balance of the company and its holding subsidiaries accounts for 20.59% of the latest audited net assets of the listed company. There are no overdue guarantees, guarantees involving litigation and losses that should be borne by the company and its holding subsidiary as a result of the judgment of the guarantee.

VI. Others

1. Resolution of the 25th meeting of the Ninth Board of Directors

two。 Guarantee agreement

I hereby announce.

Huludao zinc co., Ltd.

September 12, 2019