Guangdong Join-Share Financing Guarantee Investment Co., Ltd ...

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Guangdong, Yunfu, Company, Investment, (the, Co.,, Yuecai, Venture, Limited, Joint, Financing, financing, Hong, VENTURE, this, JOINT, that, Wenshi, Guarantee, Stock, Kong, Rongda, SMEs, Group, Listing, with, Limited*, Directors’, knowledge,, Holdings

Transcript

– 1 –
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong
Kong Limited take no responsibility for the contents of this announcement, make no
representation as to its accuracy or completeness and expressly disclaim any liability
whatsoever for any loss howsoever arising from or in reliance upon the whole or any
part of the contents of this announcement.
Guangdong Join-Share Financing Guarantee Investment Co., Ltd.*
廣 東 中 盈 盛 達 融 資 擔 保 投 資 股 份 有 限 公 司
(A joint stock company incorporated in the People’s Republic of China with limited liability)
(Stock Code: 1543)
VOLUNTARY ANNOUNCEMENT
FORMATION OF A JOINT VENTURE
FORMATION OF THE JOINT VENTURE
The board of the directors (the “Directors”) of Guangdong Join-Share Financing
Guarantee Investment Co., Ltd.* (the “Company”, together with its subsidiaries,
the “Group”) is pleased to announce that the Company, Guangdong Financing
Re-Guarantee Company Limited* (廣東省融資再擔保有限公司) (“Guangdong
Re-Guarantee”), Yunfu Rongda Asset Operations Company Limited* (雲浮市融達資
產經營有限公司) (“Yunfu Rongda”) and Guangdong Wenshi Investment Company
Limited*(廣東溫氏投資有限公司) (“Guangdong Wenshi”) have established a joint
venture, namely Yunfu Yuecai Puhui Financing Guarantee Co., Ltd* (雲浮市粵財普
惠融資擔保股份有限公司) (the “Joint Venture”) on 4 February 2016 for the purpose
of providing financial and non-financial guarantee and financial consulting services
for individuals and small and medium-sized enterprises (the “SMEs”) in Yunfu, the
People’s Republic of China (the “PRC”). It is expected that a cooperative agreement
(the “Cooperative Agreement”) will be entered by the Joint Venture partners. The
Company will be responsible for the Joint Venture’s business operations.
– 2 –
REASONS FOR AND BENEFIT OF ENTERING INTO THE JOINT VENTURE
ARRANGEMENT AND THE COOPERATIVE AGREEMENT
The Group is a leading financing guarantee services provider in the Guangdong
province, focusing on providing credit-based financing solutions to SMEs to satisfy
their financing and business needs. In recent years, Yunfu has been experiencing a
rapid economic growth and SMEs in Yunfu have been facing difficulties in meeting
their financing needs due to a lack of credit history and sufficient collateral. Taking
into account such growth potential and relevant associated risks, the Directors consider
that establishment of the Joint Venture in Yunfu allows the Group to leverage the
opportunities of serving individuals and SMEs in Yunfu and to further establish its
local presence whilst the Group’s risks could be better managed, and the more sizable
funding could be offered to the SMEs, through the cooperative arrangements with other
Joint Venture partners.
INFORMATION ON THE JOINT VENTURE PARTNERS
Each of Guangdong Re-Guarantee, Guangdong Yuecai Venture Investment Co.,
Limited (廣東粵財創業投資有限公司)(“Yuecai Venture”) and Guangdong Finance
Investment International Co., Limited (粵財控股香港國際有限公司) (“Yuecai
Investment”) is a wholly-owned subsidiary of Guangdong Yuecai Investment Holdings
Limited* (“Yuecai Holdings”) (廣東粵財投資控股有限公司). Yuecai Venture and
Yuecai Investment are the shareholders of the Company holding, in aggregate, 9.99%
equity interest in the Company as at the date of this announcement. To the best of
the Directors’ knowledge, Yuecai Holdings is ultimately controlled by the PRC
government of Guangdong Province. Yunfu Rongda is ultimately controlled by the
PRC government of Yunfu City. Guangdong Wenshi is a subsidiary of Guangdong
Wen’s Foodstuffs Group Co., Ltd* (廣東溫氏食品集團股份有限公司) (Stock Code:
300498), a well-known company listed on the ChiNext Board (創業板) of the Shenzhen
Stock Exchange.
To the best of the Directors’ knowledge, information and belief, and after making
reasonable enquiries, each of Guangdong Re-Guarantee, Yunfu Rongda and
Guangdong Wenshi is not a connected person of the Company within the meaning of
the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong
Limited (the “Listing Rules”).
– 3 –
GENERAL INFORMATION
The applicable percentage ratios in respect of the formation of the Joint Venture are
less than 5% under Rule 14.07 of the Listing Rules. As such, it does not constitute a
notifiable transaction for the Company under Chapter 14 of the Listing Rules. This
announcement is made on a voluntary basis.
By Order of the Board
Wu Liejin
Chairman
Hong Kong, 18 February 2016
As at the date of this announcement, the board of Directors comprises Mr. Wu Liejin
and Mr. Xie Yongdong as executive Directors; Mr. Zhang Minming, Ms. Gu Lidan,
M s . W u Y a n f e n a n d M r . H u a n g G u o s h e n a s n o n - e x e c u t i v e D i r e c t o r s ;
Mr. Wu Xiangneng, Mr. Leung Hon Man and Mr. Liu Heng as independent
non-executive Directors.
* For identification purposes only

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