FULONGMA(SH:603686) Zheng Quan Zhi Xing·2025-06-19 08:25Summary of Key Points Core Viewpoint - The company has provided a guarantee of up to RMB 3 million for its wholly-owned subsidiary, Fulongma Environmental Services (Fuzhou Jin'an) Co., Ltd., to ensure the normal operation of the subsidiary and fulfill contractual obligations related to a sanitation project in Jin'an District, Fuzhou. Group 1: Guarantee Details - The total guarantee amount provided by the company for Jin'an Fulongma is RMB 3 million, which is within the authorized limit approved by the shareholders' meeting [1][5]. - As of the announcement date, the actual guarantee balance provided to Jin'an Fulongma is RMB 3 million, and there are no overdue guarantees [1][6]. - The company has a total of RMB 227,376,219 in guarantees currently being fulfilled, which accounts for 6.80% of the latest audited net assets [1][6]. Group 2: Subsidiary Information - Fulongma Environmental Services was established on December 22, 2023, with a registered capital of RMB 5.8 million [2][3]. - The subsidiary's business scope includes urban sanitation services, waste management, and municipal facility management [3]. - As of March 31, 2025, the subsidiary's total assets were RMB 28,456,828.70, and net assets were RMB 8,961,358.15 [4]. Group 3: Board and Shareholder Approval - The company’s board of directors approved the guarantee at meetings held on April 27, 2025, and May 20, 2025, which were subsequently ratified by the shareholders' meeting [2][6]. - The guarantee is part of the authorized limit set by the shareholders and does not require further approval [6]. Group 4: Project Context - The guarantee is related to a sanitation integration project won by the subsidiary on November 25, 2023, which requires the establishment of a dedicated account for worker wages and operational expenses [3][5]. - The bank guarantee is intended to secure the minimum deposit balance of RMB 3 million for the project [3][5].