XILONG SCIENTIFIC(SZ:002584) Shang Hai Zheng Quan Bao·2025-07-07 18:38Overview - The company, Xilong Science Co., Ltd., has announced the provision of guarantees for financing credit applications by its subsidiaries for the year 2025, with a total guarantee amount not exceeding RMB 3.75 billion [2][3]. Guarantee Details - The total guarantee amount provided by the company for its subsidiaries is capped at RMB 2.085 billion, with specific allocations based on the subsidiaries' asset-liability ratios: up to RMB 1.635 billion for those with a ratio of 70% or less, and up to RMB 450 million for those exceeding 70% [2]. - Subsidiaries can also provide guarantees for each other, with a total amount not exceeding RMB 55 million, allocated similarly based on asset-liability ratios [2]. - The company can provide guarantees for its own financing credit applications, with a total amount not exceeding RMB 1.61 billion [2]. Guarantee Agreements - The company has signed a maximum guarantee contract with Bank of China, Chengdu branch, providing a joint liability guarantee for its subsidiary, Sichuan Xilong Science Co., Ltd., with a maximum principal amount of RMB 55 million [4][6]. - A guarantee contract has also been signed with Shanghai Rural Commercial Bank, providing a guarantee for Shanghai Xilong Chemical Co., Ltd., with a principal amount of RMB 10 million [4][6]. Guarantee Period and Conditions - The guarantee period for the contracts is set from June 17, 2025, to June 16, 2026, with a guarantee duration of three years following the debt fulfillment deadline [7][8]. - The guarantees cover not only the principal but also interest, penalties, and other related costs incurred due to defaults [6][7]. Current Guarantee Status - As of the announcement date, the company and its subsidiaries have a total of zero external guarantees, excluding those provided for the consolidated subsidiaries [8]. - The actual guarantee balances for the controlling subsidiaries are RMB 849.08 million, and the guarantees provided by subsidiaries to each other total RMB 1 million, representing 36.92%, 33.58%, and 0.43% of the company's latest audited net assets, respectively [8].