MAOYE COMMERCIAL(SH:600828) Zheng Quan Zhi Xing·2025-06-20 10:59Summary of Key Points Core Viewpoint - The company, Maoye Commercial Co., Ltd., has announced a guarantee for a loan of RMB 120 million for its wholly-owned subsidiary, Shenzhen Maoye Department Store, which constitutes a related party transaction [1][2]. Group 1: Guarantee Details - The guaranteed amount for the loan is RMB 120 million, with a cumulative guarantee amount of RMB 30 million already provided [1][2]. - The loan is to be secured by commercial and residential properties owned by related parties, with a guarantee period of two years from the maturity of each debt contract [2][4]. - There are no counter-guarantees or overdue guarantees associated with this transaction [1][5]. Group 2: Subsidiary Information - Shenzhen Maoye Department Store was established on April 20, 2000, and has a registered capital of RMB 536.87 million [3]. - The company operates in various retail sectors, including daily necessities, cosmetics, and property management [3]. - Recent financial data shows total assets of RMB 736.35 million and net profit of RMB 97.51 million [4]. Group 3: Board of Directors' Opinion - The board believes that the loan will enhance the subsidiary's liquidity and support its operational needs, reflecting the company's commitment to its wholly-owned subsidiary [5]. - The guarantee provided by the company and its controlling shareholders is seen as beneficial for meeting the financing needs of Shenzhen Maoye Department Store [5]. - The board has authorized the chairman to sign all relevant legal documents related to the loan and guarantee [5]. Group 4: Cumulative Guarantee Information - As of the announcement date, the company and its subsidiaries have provided guarantees totaling approximately RMB 2.3 million, with the total guarantee amount for subsidiaries being approximately RMB 1.33 billion, accounting for 19.12% of the latest audited net assets [6].