SZPRD(SZ:000011) Zheng Quan Zhi Xing·2025-07-02 16:15Summary of Key Points Core Viewpoint - The company has provided a guarantee for its subsidiary, Yangzhou Wuhuo Real Estate Co., Ltd., to secure a loan credit limit from China Bank, amounting to a maximum of 670 million RMB, which raises concerns about the company's overall debt exposure [1][2]. Group 1: Guarantee Overview - The company approved a resolution at the first extraordinary general meeting of 2024 to provide a guarantee for its subsidiary's loan application, with a maximum guarantee amount of 670 million RMB [1]. - The guarantee is specifically for a loan credit limit application by Yangzhou Wuhuo Real Estate Co., Ltd. [1]. Group 2: Progress of Guarantee Matters - The company signed a guarantee contract with China Bank for a credit facility not exceeding 300 million RMB, with the company providing a joint liability guarantee of up to 201 million RMB based on its shareholding in the subsidiary [2]. - The guarantee covers all debts incurred by the debtor, including principal, interest, penalties, and any costs related to enforcing the debt [2]. Group 3: Cumulative External Guarantee Situation - After this guarantee, the total guarantee amount provided by the company and its subsidiaries reaches 5.67 billion RMB, with a total balance of 3.784 billion RMB, which is 112.56% of the company's latest audited net assets [2]. - Currently, the company has no outstanding guarantees related to external units, overdue debts, or litigation [2].