CCOOP GROUP(SZ:000564) Zheng Quan Zhi Xing·2025-05-29 13:13Overview - The company, Supply and Marketing Group Co., Ltd., has approved a mutual guarantee limit of 4.3 billion yuan among itself and its subsidiaries to support business operations and improve decision-making efficiency [1][2]. Mutual Guarantee Business - The mutual guarantee limit includes existing guarantees, extensions, and new guarantees, with the company providing 990 million yuan in guarantees to subsidiaries and subsidiaries providing 500 million yuan to the company [1]. - The total mutual guarantee limit is set at 4.3 billion yuan, which is intended to support the operational needs of the company and its subsidiaries [2][3]. Financial Data of Subsidiaries - The mutual guarantee involves 24 subsidiaries, and the financial data of these subsidiaries will not require individual board or shareholder approvals for each guarantee, streamlining the process [1][2]. - The company has a comprehensive understanding of the financial conditions of its subsidiaries, allowing for effective management and control of risks associated with the guarantees [2][3]. Approval Process - The board of directors has authorized the legal representatives of the company and its subsidiaries to sign relevant contracts and documents related to the mutual guarantees without needing to hold additional board or shareholder meetings [1][2]. - The authorization period extends from the approval date until the annual shareholders' meeting in 2025 [1].