Sirte: It is planned to increase the capital of Guizhou Lufa by 200 million yuan to ensure the supply of raw material phosphate rock.

It was announced in the evening of 16- Sirte (002538) in July, and the company plans to sign the Capital Increase and Share Expansion Agreement with Guizhou Lufa Industrial Co., Ltd. (hereinafter referred to as "Guizhou Lufa") and its shareholders Liang Hongge, Liang Shaorong and Liang, and the company will increase its capital with its own funds of 200 million yuan.

According to the announcement, among the above capital increase matters, 2,965,438+066,700 yuan was included in the newly-increased registered capital of Guizhou Lufa, and 65,438+0.765,438+0 billion yuan was included in the company's capital reserve as a premium for the company to subscribe for the newly-increased registered capital. After the capital increase is completed, the registered capital of Guizhou Lufa will increase to1.1.70 billion yuan, and the shareholding ratio of the company will increase from 20% to 40%.

According to reports, Guizhou Lufa currently owns 4.5602 square kilometers of phosphate mining rights in Mingniwan and 8.38 square kilometers of phosphate exploration license in Yongwen. As of March 3, 20 19, the total assets of Guizhou Lufa were13.59 million yuan, the total liabilities were 57 10/0.00 million yuan and the net assets were 789 million yuan. In the first quarter of 20 19, the operating income was 1.3 1 100 million yuan and the net profit was 880 1.6 million yuan.

It is worth mentioning that for this capital increase, Guizhou Lufa and its original shareholders promised that this capital increase will be used to pay the remaining amount of the mining right price of Guizhou Lufa first, and the rest will be used to repay the foreign debt of Guizhou Lufa and invest in the transformation and operation of its mines. In addition, the original shareholder * * * jointly promised that the total amount of phosphate rock mined by Guizhou Lufa during the period from July +0, 2065438 to June 30, 2022 will be no less than 4.5 million tons, and the net profit of Guizhou Lufa's consolidated statement during the above three years will be no less than 65.438+0.2 billion yuan and 65.438+0.5 billion yuan respectively.

Sirte said that this cooperation has ensured the supply of phosphate rock, the main raw material for the company's production, which has important strategic significance for the upstream extension of the company's industrial chain and technical cooperation and exchange, and also laid a solid foundation for the company's rapid development in the future. The company's capital increase for Guizhou Lufa with its own funds will not have a negative impact on the company's financial situation, and the follow-up company will effectively monitor the use of this capital increase.

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