东江环保: 关于履行担保责任的公告

Background Information - Dongjiang Environmental Protection Co., Ltd. provided a guarantee for its subsidiary, Mianyang Dongjiang Environmental Technology Co., Ltd., to secure a loan of up to RMB 260 million for the construction and operation of an industrial solid waste disposal center [1][2] - The loan agreement with Postal Savings Bank of China was signed for an amount of RMB 246 million with a term of 9 years [1][2] Guarantee and Counter-Guarantee Situation - Mianyang Dongjiang has faced operational difficulties, leading to an inability to repay the loan, resulting in Dongjiang Environmental fulfilling its guarantee obligations by compensating RMB 1.6118 million in interest payments [2][3] - The company holds a 51% stake in Mianyang Dongjiang, while the other shareholders, Diwos and Xinkeyuan, hold 29.5% and 19.5% respectively [3] Impact on the Company and Future Arrangements - The company has formed a receivable debt from Mianyang Dongjiang due to the guarantee compensation and plans to enhance Mianyang Dongjiang's market operations and reduce costs to improve performance [3][4] - The company has sent a demand letter to the counter-guarantee parties, Diwos and Xinkeyuan, to fulfill their obligations and reserves the right to initiate legal action if necessary [3][4]