XINLI FINANCE(SH:600318) Shang Hai Zheng Quan Bao·2025-05-27 19:10Summary of Key Points Core Viewpoint - The announcement details the provision of guarantees by Anhui Xinli Financial Co., Ltd. for its subsidiary, Shenzhen Derun Financing Leasing Co., Ltd., to support its operational financing needs through agreements with Zhejiang Zhiyin Financial Leasing Co., Ltd. and Shenzhen Rural Commercial Bank Co., Ltd. Group 1: Guarantee Details - The maximum guarantee amount provided for Shenzhen Derun's obligations under the financing lease cooperation agreement and repurchase agreement with Zhejiang Zhiyin Financial Leasing is RMB 120 million [2][10] - The company has also provided a guarantee of RMB 20 million for Shenzhen Derun's credit contract with Shenzhen Rural Commercial Bank [3][10] - As of the announcement date, the total guarantee amount provided by the company and its subsidiaries to Shenzhen Derun is RMB 208.40 million, excluding the current guarantees [1][11] Group 2: Company and Subsidiary Information - Shenzhen Derun Financing Leasing Co., Ltd. is a subsidiary in which the company holds a 44.46% stake, with a registered capital of RMB 360 million [7][8] - The operational scope of Shenzhen Derun includes financing leasing, rental services, and related consulting [7] Group 3: Board and Shareholder Approval - The company's board of directors approved the 2025 guarantee plan, allowing for a total guarantee limit of RMB 1.48 billion for its subsidiaries, with a specific limit of RMB 500 million for its controlling subsidiary [4][6] - The board believes that the guarantees are necessary for the daily operations of Shenzhen Derun and that the company has actual control over the subsidiary, thus managing the associated risks [11] Group 4: Financial Position and Risk Management - After the new guarantees, the total external guarantees provided by the company and its subsidiaries amount to RMB 822.38 million, which represents 77.55% of the company's latest audited net assets [11] - The company has no overdue external guarantees, indicating a stable financial position [11]