19, Shenzhen Stock Exchange once again issued a letter of concern to Jingang Photovoltaic , expressing concern that the controlling shareholder of the company, Guangdong Ouhao Group Co., Ltd. (Hereinafter referred to as "Ouhao Group"), intends to exempt the company from its obligation to repay its debts totaling 335.85 million yuan. On December 14,
2023, Jingang Photovoltaic and its subsidiary Wujiang Jingang Glass Technology Co., Ltd. (Hereinafter referred to as "Wujiang Jingang") signed the Debt Transfer Agreement with Ouhao Group, and Wujiang Jingang transferred its outstanding debts to Ouhao Group totaling 335.85 million yuan to the company. The same amount as this debt waiver.
At the same time, according to the Debt Exemption Announcement, this debt exemption is an unconditional and irrevocable exemption for Ouhao Group.
Shenzhen Stock Exchange requires the company to list the specific circumstances of the debt exempted by Ouhao Group to your company one by one, including but not limited to the time of debt formation, the cause of formation, whether there is commercial substance, and whether Ouhao Group has obtained legal and effective creditor qualification; If the relevant debts are incurred due to Wujiang Jingang's acceptance of the loan from Ouhao Group, please specify the term, amount, interest rate, interest, purpose of the loan, repayment and extension.
At the same time, the Shenzhen Stock Exchange believes that there may be a risk of harming the interests of listed companies, requiring the company to disclose the ownership structure of Wujiang King Kong, explaining the reasons and background for the signing of the Debt Transfer Agreement between the company and Wujiang King Kong on December 14, 2023, the main terms of the Debt Transfer Agreement and the conditions for the entry into force of the agreement.
At the same time, check and explain whether Wujiang King Kong's transfer of debt to the company and the company's directional issuance of shares to Ouhao Group constitute a package deal with the debt exemption agreement.
In addition, in response to the fixed increase plan issued by Jingang Photovoltaic on the 18th, Shenzhen Stock Exchange requires Jingang Photovoltaic to explain the specific reasons for the re-initiation of directional issuance after short-term termination, and whether the company's financing decisions are prudent and reasonable, taking into account the current situation of monetary funds, short-term loans and the balance of non-current liabilities due within one year.
According to the previous inquiry of Digital New Energy DataBM. Com, Jingang Photovoltaic planned to issue no more than 64,800,000 shares to Ouhao Group on August 17, 2023; on November 6, the company voluntarily terminated the fixed increase plan; On December 18, the company issued a fixed increase plan again, intending to issue no more than 64,800,000 shares to Ouhao Group, raising a total of no more than 938.952 million yuan, all of which will be used to supplement working capital and repay loans after deducting the issuance fee.