Antong Holdings(SH:600179) Zheng Quan Zhi Xing·2025-07-17 16:10Core Viewpoint - Antong Holdings Co., Ltd. has provided a guarantee of RMB 35 million for its wholly-owned subsidiary, Antong East China Logistics Co., Ltd., to secure a fixed asset loan from China Merchants Bank [1][2][6] Group 1: Guarantee Details - The total guarantee amount provided by the company for its subsidiary is RMB 35 million, which is part of a cumulative guarantee balance of RMB 65 million [1] - The guarantee is within the previously approved limit by the shareholders' meeting and does not require further approval [2][7] - The guarantee period extends from the effective date of the guarantee until the loan or other debts are due, plus an additional three years [1][6] Group 2: Subsidiary Information - Antong East China Logistics Co., Ltd. is a wholly-owned subsidiary of Antong Logistics, which is fully owned by Antong Holdings [2][3] - The subsidiary was established on February 3, 2023, with a registered capital of RMB 60 million and is located in the Shanghai Free Trade Zone [3] Group 3: Financial Overview - As of the latest audited financials, the total assets of Antong East China Logistics Co., Ltd. are RMB 68.26 million, with total liabilities of RMB 43.20 million [5] - The net profit for the first quarter of 2025 is reported at RMB 1.76 million, compared to RMB 2.16 million for the same period in the previous year [5] Group 4: Necessity and Reasonableness of Guarantee - The guarantee is deemed necessary for the subsidiary's business development and daily operations, with a manageable risk profile that will not significantly impact the company's financial status or shareholder rights [6][7]