EBEM(SH:603002) Shang Hai Zheng Quan Bao·2025-06-12 19:19Core Viewpoint - The company is providing guarantees for its wholly-owned subsidiary Zhuhai Hongchang and its wholly-owned grandchild company Zhuhai Hongren to secure bank financing, totaling up to RMB 2 billion for the current guarantee and a cumulative guarantee amount of RMB 17.35 billion as of the announcement date [2][3][17]. Summary by Sections Guarantee Overview - The company approved a total guarantee amount of up to RMB 2.2 billion for its subsidiaries, with specific allocations of RMB 1.63 billion for Zhuhai Hongchang and RMB 570 million for Zhuhai Hongren [3]. - The guarantees were approved in the board meeting on April 22, 2025, and subsequently ratified in the annual shareholders' meeting on May 14, 2025 [3][16]. Progress of Guarantees - The company has signed guarantee contracts with various banks, including: - RMB 50 million with Dongguan Rural Commercial Bank for Zhuhai Hongchang [4]. - RMB 35 million with China Trust Commercial Bank for Zhuhai Hongchang [4]. - RMB 200 million with China Minsheng Bank for Zhuhai Hongren [7]. - The cumulative guarantee amount for Zhuhai Hongchang is RMB 1.355 billion, and for Zhuhai Hongren is RMB 380 million, totaling RMB 17.35 billion for both subsidiaries [5][7]. Basic Information of the Guaranteed Companies - Zhuhai Hongchang: - Established on September 8, 2008, with a registered capital of USD 12.39 million. - As of December 31, 2024, total assets were approximately RMB 2.13 billion, total liabilities were about RMB 1.4 billion, and net profit was RMB 23.56 million [8][9]. - Zhuhai Hongren: - Established on May 24, 2022, with a registered capital of RMB 385 million. - As of December 31, 2024, total assets were approximately RMB 311 million, total liabilities were about RMB 42.57 million, with a net loss of RMB 838,401.98 [11]. Necessity and Reasonableness of Guarantees - The guarantees are aimed at meeting the financing needs for project construction and daily operations of the subsidiaries, enhancing their financing capabilities [15]. - The company maintains effective management over the subsidiaries, allowing for timely oversight of their credit status, ensuring that the guarantee risks are controllable and do not harm the interests of the company or minority shareholders [15]. Board Opinion - The board unanimously approved the guarantee proposal, emphasizing the necessity to support the subsidiaries' project needs and confirming the controllable nature of the guarantee risks [16].