OCT(SZ:000069) Zheng Quan Zhi Xing·2025-07-01 16:31Summary of Key Points Core Viewpoint - Shenzhen Overseas Chinese Town Co., Ltd. has approved a guarantee limit of up to RMB 53.264 billion for its subsidiaries for the years 2025-2026, allowing for adjustments based on operational needs [1] Group 1: Guarantee Overview - The company will provide a total guarantee limit of RMB 53.264 billion for its subsidiaries during 2025-2026, with management authorized to adjust the amounts as necessary [1] - The company has transferred an unused guarantee limit of RMB 850 million from its wholly-owned subsidiary Wuxi Overseas Chinese Town Industrial Development Co., Ltd. to another wholly-owned subsidiary, Ningbo Overseas Chinese Town Investment Development Co., Ltd. [2] Group 2: Financial Status of the Guaranteed Company - Ningbo Overseas Chinese Town Investment Development Co., Ltd. has total assets of RMB 5.009 billion and total liabilities of RMB 3.609 billion as of the end of 2024, resulting in a debt-to-asset ratio of 72.04% [3] - The company reported a net profit of -RMB 41 million for the first five months of 2025, with total liabilities including bank loans of RMB 850 million [3] Group 3: Guarantee Agreement Details - The company provides a 100% guarantee for Ningbo Overseas Chinese Town Investment Development Co., Ltd. for a property mortgage loan with China Bank, with a maximum principal amount of RMB 850 million [3] Group 4: Management's Opinion - The adjustment of the guarantee limit is within the authorization of the shareholders' meeting and supports the normal business development of Ningbo Overseas Chinese Town Investment Development Co., Ltd. [4] Group 5: Total Guarantee and Legal Status - As of the end of May 2025, the total guarantee balance of the company and its subsidiaries is RMB 29.334 billion, representing 55.15% of the latest audited net assets, with no overdue guarantees or litigation-related amounts [4]