Group 1 - The company, Beijing Zhongke Sanhuan High Technology Co., Ltd., has provided guarantees for its subsidiary Tianjin Sanhuan Lexi New Materials Co., Ltd. for loans totaling RMB 70 million from two banks [2][3][4] - The loans consist of RMB 50 million from Agricultural Bank of China with a 2-year term and RMB 20 million from Huaxia Bank with a 3-year term [2] - The board of directors and the annual general meeting approved the guarantee amounting to RMB 110 million for the subsidiary [3][11] Group 2 - Tianjin Sanhuan Lexi New Materials Co., Ltd. was established in April 1990 and has a registered capital of USD 87.21 million, with the company holding a 66% stake [5] - As of December 31, 2023, the subsidiary reported total assets of RMB 3.15 billion, total liabilities of RMB 1.43 billion, and net profit of RMB 118.45 million [5] - The company has not been listed as a dishonest executor [6] Group 3 - The guarantee agreements include a joint liability guarantee for the loans, covering principal, interest, penalties, and all related costs for both banks [8][9] - The guarantee period for both loans is three years from the maturity of the main contract [10] - The board believes that the guarantees will benefit the company's development and will not harm the interests of the company and its shareholders [11] Group 4 - After this guarantee, the total balance of guarantees provided by the company and its subsidiaries will be RMB 750 million, which is 11.65% of the latest audited equity attributable to the parent company [12] - There are no overdue guarantees or guarantees involving litigation or losses due to judgments against the company [13]
北京中科三环高技术股份有限公司 关于为控股子公司提供担保的进展公告