Zheng Quan Zhi Xing·2025-06-13 10:06Core Viewpoint - The company is holding a temporary shareholders' meeting to discuss financing guarantees for its subsidiaries, aiming to support their operational needs and ensure compliance with regulatory requirements [2][4][14]. Group 1: Financing Guarantees for Subsidiaries - The company proposes to provide a guarantee for its subsidiary, Suzhou Hongxing Meikailong World Home Plaza Co., Ltd., for a loan of RMB 180 million, which is part of a larger borrowing agreement with Industrial and Commercial Bank of China [6][7]. - The financial status of Suzhou Hongxing indicates a total asset of approximately RMB 512.31 million and a total liability of about RMB 601.24 million, resulting in a negative net asset of RMB 88.93 million and an asset-liability ratio of 117.36% as of April 30, 2025 [7][8]. - The company also plans to provide a guarantee for its wholly-owned subsidiary, Wuhan Hongxing Meikailong Global Home Plaza Development Co., Ltd., for a trust loan of RMB 550 million, with the subsidiary's property serving as collateral [10][11]. Group 2: Shareholder Meeting Procedures - The meeting will utilize a combination of on-site and online voting, with each share representing one vote, and shareholders must register to participate [3][4]. - The company emphasizes maintaining order during the meeting, with specific guidelines for speaking time and voting procedures to ensure efficient decision-making [3][4][5]. Group 3: Board of Directors Changes - The company is proposing to add Ms. Ye Yanliu as a non-executive director to its board, following a recommendation from Xiamen Jianfa Co., Ltd., and her qualifications have been reviewed and deemed suitable [14][15]. - Ms. Ye will not receive any remuneration for her role as a non-executive director, and her term will last until the current board's term ends [15][16].