Zheng Quan Zhi Xing·2025-07-16 09:26Core Viewpoint - The company is providing a guarantee of 150 million yuan for its wholly-owned subsidiary, Qingdao Company, to secure an increased credit limit from Industrial Bank, which is deemed necessary for the subsidiary's operational needs [1][3]. Summary by Sections Guarantee Overview - The company is offering a joint liability guarantee for Qingdao Company to apply for a credit limit of 150 million yuan from Industrial Bank [1]. - As of the announcement date, the company has already provided a guarantee balance of 193.96 million yuan for Qingdao Company, excluding this new guarantee [1]. Financial Metrics of the Guaranteed Entity - Qingdao Company has total assets of 1,013.96 million yuan and total liabilities of 547.50 million yuan as of March 31, 2025 [2]. - The net assets of Qingdao Company stand at 470.96 million yuan, with an operating income of 2,155.69 million yuan and a net profit of 14.53 million yuan for the first quarter of 2025 [2]. Guarantee Agreement Details - The guarantee is structured as a joint liability guarantee, covering all debts arising from the main contract, including principal, interest, penalties, and costs incurred by the creditor [2][3]. - The guarantee period is set for three years from the date the debtor fulfills its obligations [3]. Necessity and Reasonableness of the Guarantee - The board of directors believes that the guarantee is necessary and reasonable, given that Qingdao Company is a wholly-owned subsidiary with stable operations and controllable risk [3]. - The total external guarantee balance of the company and its subsidiaries is 1,816.83 million yuan, which represents 55.07% of the audited net assets attributable to the parent company for 2024 [3].