景兴纸业: 关于对外担保的进展公告

Summary of Key Points Core Viewpoint - Zhejiang Jingxing Paper Industry Co., Ltd. has approved various guarantee agreements for the year 2025, including mutual guarantees with subsidiaries and a specific guarantee with Pinghu Hongxin Thermal Power Co., Ltd. for a total amount not exceeding 300 million RMB [1][2]. Guarantee Overview - The company held meetings on April 28, 2025, to approve the provision of guarantees to subsidiaries and the mutual guarantee agreement with Pinghu Hongxin Thermal Power Co., Ltd. [1] - The guarantees are valid from the date of shareholder approval until the next annual general meeting [1]. Guarantee Progress - On June 18, 2025, the company signed a maximum guarantee contract with Bank of China Pinghu Branch, providing a joint liability guarantee for a maximum principal amount of 40 million RMB for its wholly-owned subsidiary, Pinghu Jingxing Packaging Materials Co., Ltd. [2][3] - Another contract was signed on the same day, where Pinghu Jingxing Packaging Materials Co., Ltd. provided a joint liability guarantee for a maximum principal amount of 200 million RMB for the company [3]. - The company also provided a joint liability guarantee for a domestic letter of credit amounting to 25 million RMB for Hongxin Thermal Power Co., Ltd. [3][4]. Cumulative External Guarantees - After the recent guarantees, the total external guarantee balance for the company and its subsidiaries is 985.1787 million RMB, with guarantees to external entities amounting to 269 million RMB [4]. - These guarantee amounts represent 16.86% and 4.60% of the company's audited net assets as of December 31, 2024 [4].