江西长运股份有限公司关于为全资子公司借款提供担保的实施公告

Core Viewpoint - The company has provided guarantees for its wholly-owned subsidiaries, Jiangxi Urban Intercity Bus Co., Ltd. and Jiangxi Changyun Datong Logistics Co., Ltd., for their working capital loans from the Bank of Communications, with total guarantees amounting to RMB 1.6 million [2][3][4]. Group 1: Guarantee Details - The company has provided a guarantee of up to RMB 600,000 for Jiangxi Urban Intercity Bus Co., Ltd. and RMB 1,000,000 for Jiangxi Changyun Datong Logistics Co., Ltd. [2][7] - The total guarantee amount for the subsidiaries in the 2024 fiscal year is RMB 27 million, with specific allocations based on their asset-liability ratios [4][14]. - The company has not provided any counter-guarantees for these loans [3]. Group 2: Financial Status of Subsidiaries - As of December 31, 2023, Jiangxi Urban Intercity Bus Co., Ltd. reported total assets of RMB 149.46 million and a net asset deficit of RMB 4.49 million [8]. - Jiangxi Changyun Datong Logistics Co., Ltd. had total assets of RMB 93.80 million and a net asset of RMB 80.54 million as of December 31, 2023 [10]. - Both subsidiaries have reported net losses for the 2023 fiscal year, with Jiangxi Urban Intercity Bus Co., Ltd. at RMB -1.30 million and Jiangxi Changyun Datong Logistics Co., Ltd. at RMB -0.41 million [8][10]. Group 3: Board and Shareholder Approval - The guarantee proposal was approved by the company's board of directors and subsequently by the shareholders at the annual meeting held on May 21, 2024 [4][14]. - The board meeting on April 28, 2024, resulted in unanimous approval for the guarantee proposal [14]. Group 4: Risk Management - The company has stated that the risks associated with these guarantees are manageable and will not significantly impact its operations or shareholder interests [4][14]. - As of the announcement date, the total external guarantees provided by the company amounted to RMB 165.93 million, representing 18.48% of the company's latest audited net assets [14].