Bright Real Estate(SH:600708) Shang Hai Zheng Quan Bao·2025-07-17 18:47Group 1 - The company held its 31st meeting of the 9th Board of Directors on July 17, 2025, with all 7 directors participating and the meeting being legally valid [2][3][22] - The Board unanimously approved the proposal to adjust the guarantee amounts between guarantors and guaranteed parties within the total guarantee limit for 2024 [2][12][22] - The adjustment of guarantee amounts does not require submission to the shareholders' meeting for approval [4][6][23] Group 2 - The total guarantee amount for 2024 is set at RMB 20 billion, primarily for 25 subsidiaries, aimed at new borrowings and refinancing [11][12] - The company adjusted the guarantee amounts for specific subsidiaries, reducing the guarantee for Yixing Hongli Dongfang Tourism Real Estate Development Co., Ltd. by RMB 500 million and increasing the guarantee for Nonggongshang Real Estate Group Shenyang (Shanghai) Co., Ltd. by RMB 500 million [12][13][14] - The adjustments are effective from the date of Board approval until the shareholders' meeting for the 2025 guarantee amount proposal [16][22] Group 3 - The company provides guarantees for 19 subsidiaries, with 13 having an asset-liability ratio of 70% or higher [17] - The company’s subsidiary, Nonggongshang Real Estate Group, provides guarantees for 7 of its subsidiaries, with 4 having an asset-liability ratio of 70% or higher [17][21] - The financial status of the guaranteed parties includes Shanghai Shenhong Cold Storage Co., Ltd. with total assets of RMB 1.76 billion and a liability ratio of 98.15%, and Nonggongshang Real Estate Group Shenyang with total assets of RMB 110.81 billion and a liability ratio of 117.12% [20][21]