Guobang Pharma (SH:605507) Zheng Quan Shi Bao Wang·2024-12-08 17:30Core Viewpoint - The company has provided a guarantee of 33 million yuan for its subsidiary, Zhejiang Qifangbei Beverage Co., Ltd., to support its financing needs [2][3][8]. Summary by Sections Guarantee Overview - The company signed a maximum guarantee contract with Hangzhou Bank for a financing amount of 33 million yuan for its subsidiary Qifangbei [3]. - The guarantee period is three years from the maturity of each specific financing contract [3]. - There is no counter-guarantee associated with this guarantee [3]. Internal Decision-Making Process - The company's board approved a total guarantee limit of up to 1.8 billion yuan for subsidiaries, including a maximum of 1 billion yuan for bank credit and 800 million yuan for a bill pool [4]. - This decision was ratified in the annual shareholders' meeting held in 2023 [4]. Subsidiary Information - Zhejiang Qifangbei Beverage Co., Ltd. was established on March 31, 2022, with a registered capital of 150 million yuan [5]. - The company holds an 80.87% stake in Qifangbei [5]. Guarantee Agreement Details - The guarantee is a joint liability guarantee covering all principal, interest, penalties, and related costs [6]. - The total guarantee amount is 33 million yuan [6]. Necessity and Reasonableness of the Guarantee - The guarantee is deemed necessary and reasonable to support Qifangbei's working capital needs, given its current operational status and debt levels [8]. Cumulative External Guarantee Status - As of the announcement date, the total external guarantees provided by the company and its subsidiaries amount to 134.60 million yuan, representing 1.81% of the company's audited net assets as of the end of 2023 [9].