LANCY(002612) 上海证券报·2025-04-09 19:22Summary of Key Points Core Viewpoint - The company has approved a total external guarantee limit of up to 4.25 billion RMB for 2024, with specific allocations for subsidiaries based on their debt ratios [2][16]. Group 1: Guarantee Overview - The company and its subsidiaries have a total external guarantee balance of 1.1504 billion RMB, which accounts for 41.27% of the company's audited net assets for 2024 [2][23]. - The guarantee includes a maximum of 350 million RMB for subsidiaries with a debt ratio not exceeding 70% and 75 million RMB for those exceeding 70% [2][16]. - The company has not experienced any overdue guarantees or legal disputes related to guarantees [3][17]. Group 2: Specific Guarantees - The company provided a joint liability guarantee of 10 million RMB for its wholly-owned subsidiary, Beijing Rhine Clothing Co., Ltd., to secure a credit line from Nanjing Bank [5][9]. - The company’s major shareholders provided this guarantee without charging any fees or requiring counter-guarantees from the company [11][20]. - The guarantee for Beijing Rhine is within the approved limits and does not require further board or shareholder approval [5][18]. Group 3: Financial Data - The total amount of guarantees provided by the company and its subsidiaries, excluding duplicate calculations, is 1.5575 billion RMB [23]. - The company has also provided guarantees totaling 360 million RMB to external entities, representing 12.92% of its audited net assets for 2024 [2][23]. - The company has not been classified as a dishonest executor [19][31]. Group 4: Related Transactions - From January 1 to March 31, 2025, the company engaged in related transactions totaling 3.8062 million RMB with its actual controllers and related parties [22][35]. - The company’s major shareholders have provided guarantees for the company’s financing needs without any associated costs [34][36].