In order to rationally plan and lay out the production base of the company's automobile industry, effectively integrate resources and further enhance the overall competitiveness and profitability. Haima (Zhengzhou) Automobile Co., Ltd., a wholly-owned subsidiary, built a new production base of 654.38+0.5 million vehicles in Zhengzhou in combination with its own development and market demand. Starting the third factory in Haikou with the holding subsidiary FAW Haima Automobile Co., Ltd. (hereinafter referred to as "Haima Automobile") as the main investor; At the same time, the company and its wholly-owned subsidiary Hainan Jinpan Logistics Co., Ltd. (hereinafter referred to as Jinpan Logistics) jointly funded the establishment of Haima Finance Co., Ltd. (hereinafter referred to as Haima Finance). The relevant information is hereby announced as follows:
I. Overview of investment
A new 1.5 million automobile production base was built in Zhengzhou, with an additional investment of 1.4 1.286 million yuan; The third factory of Haima Automobile started construction in Haikou, and the specific investment will be announced separately. The above matters have been reviewed and approved at the 28th meeting of the 6th Board of Directors.
The registered capital of Haima Finance is 500 million yuan. Among them, the company contributed 450 million yuan and Jinpan Logistics contributed 50 million yuan. This matter has been reviewed, approved and announced at the 21st and 22nd meetings of the 6th Board of Directors. See Securities Times on March 20th and April 3rd, 2008 for details.
According to the company's articles of association, the financial matters of building a 6,543,800+0.5 million automobile production base in Zhengzhou and setting up Haima Automobile need not be submitted to the company's shareholders' meeting for deliberation. After the investment plan of the third plant of Haima Automobile is determined, the examination and approval procedures will be performed according to the articles of association.
Second, the main contents of the investment project
(1) Zhengzhou 1.5 million new production base.
1, main construction contents
New production lines such as automobile stamping, welding, painting and assembly, and corresponding auxiliary production facilities such as testing and public power.
2. Main products and construction scale
The main products of the project are small-displacement economical cars. After the project is completed, it will form a production scale of 6.5438+0.5 million vehicles/year in two shifts. The scale of project construction has reached the scale of industrial economy.
3. Investment composition
The new investment of the project is141286,000 yuan. All the required funds are raised by the company.