MINGCHEN HEALTH(SZ:002919) Zheng Quan Zhi Xing·2025-06-19 09:52Summary of Key Points Core Viewpoint - The company, Mingchen Health Products Co., Ltd., has approved a guarantee of up to 160 million yuan for its wholly-owned subsidiary, Guangdong Mingchen Daily Chemical Co., Ltd., to secure bank credit [1][2]. Group 1: Guarantee Overview - The board of directors approved the guarantee during the fourth meeting on April 28, 2025, and the annual shareholders' meeting on May 20, 2025 [1]. - The guarantee is valid for two years from the date of approval by the shareholders' meeting [1]. - The company has signed a maximum guarantee contract with China Construction Bank, Shantou Branch, for the same amount [1]. Group 2: Subsidiary Information - Guangdong Mingchen Daily Chemical Co., Ltd. engages in various activities including manufacturing and sales of daily necessities, personal hygiene products, and disinfectants [2]. - The subsidiary's audited revenue is approximately 405.13 million yuan, with a net profit of about 14.26 million yuan [3]. Group 3: Financial Situation - The total assets of the subsidiary are approximately 354.70 million yuan, with total liabilities of about 111.33 million yuan [3]. - The net assets stand at approximately 243.37 million yuan [3]. Group 4: Guarantee Agreement Details - The guarantee covers all principal, interest, penalties, and other related costs incurred during the debt period [4]. - The guarantee period is calculated based on each credit facility agreement, lasting until three years after the debt is fulfilled [4][5]. Group 5: Company’s Guarantee Status - The total approved guarantee amount is 160 million yuan, which represents 19.43% of the company's latest audited net assets [5]. - There are no overdue guarantees or guarantees related to litigation as of the announcement date [5].