KINGSINO(SZ:002548) Zheng Quan Shi Bao Wang·2025-01-26 17:23Summary of Key Points Core Viewpoint - The company plans to provide guarantees for cooperative farmers to alleviate their operational funding pressure, with a total guarantee amount not exceeding 100 million yuan for the year 2025 [1][39]. Group 1: Guarantee Overview - The total guarantee amount for 2025, including previous approvals, is 300 million yuan, which accounts for 202.60% of the company's latest audited net assets of 1.48074 billion yuan as of December 31, 2023 [1][6]. - The company will provide guarantees for cooperative farmers to secure bank financing, with a maximum guarantee of 10 million yuan available for rolling use throughout 2025 [1][2]. Group 2: Guarantee Details - The guarantee will be structured such that the company recommends creditworthy cooperative farmers to banks, who will then apply for loans in their own names, with the company providing guarantees [2]. - The company can guarantee up to 50% to 100% of the financing amount in collaboration with a financing guarantee company, with a maximum of 50 million yuan guaranteed by the company alone [2]. Group 3: Risk Management - The company will conduct a strict review of the cooperative farmers to ensure they maintain a good business relationship and complete credit risk assessments [4]. - The financing obtained by the cooperative farmers will be strictly used for operational activities related to cooperative farming [4]. Group 4: Board Opinions - The board believes that providing guarantees to creditworthy cooperative farmers will effectively alleviate their funding pressures and promote mutual development, aligning with the interests of the company and its shareholders [5]. Group 5: Shareholder Meeting - A temporary shareholder meeting is scheduled for February 11, 2025, to discuss the approval of the guarantee proposal and other related matters [9][40].