Shang Hai Zheng Quan Bao·2025-04-08 23:11Summary of Key Points Core Viewpoint - The company, Phoenix Shipping (Wuhan) Co., Ltd., has provided a guarantee for its wholly-owned subsidiary, Shanghai Huatai Shipping Co., Ltd., to secure a credit facility of 10 million yuan from Nanjing Bank, Shanghai Branch [2][4]. Group 1: Guarantee Overview - On March 6, 2025, the company's board approved a proposal to provide a guarantee for its subsidiary's credit application [2]. - The guarantee is a joint liability guarantee for a credit limit of 10 million yuan [2]. - The financing term is set for one year [2]. Group 2: Guarantee Details - The guarantee covers the principal debt, interest (including compound interest and penalties), damages, and other amounts payable under the main contract [2]. - The guarantee period extends for three years from the maturity of each debt incurred under the credit limit [3]. Group 3: Cumulative Guarantee and Financial Impact - As of April 8, 2025, the company has no other external guarantees and has not faced overdue debts or litigation related to guarantees [4]. - The total guarantee amount after this transaction is 10 million yuan, representing 1.84% of the company's audited net assets from the previous year [4].