WEIMING(SH:603568) Zheng Quan Zhi Xing·2025-07-23 16:14Summary of Key Points Core Viewpoint - The company Zhejiang Weiming Environmental Protection Co., Ltd. has announced a guarantee for a bank loan of RMB 250 million for its wholly-owned subsidiary, Qinhuangdao Weiming Environmental Energy Co., Ltd., to support its financial operations and reduce costs [1][2]. Group 1: Guarantee Overview - The guarantee amount for Qinhuangdao Company is RMB 250 million, with an existing guarantee balance of RMB 154 million prior to this announcement [1]. - The loan is intended for refinancing previous project loans and has a term from June 30, 2025, to June 30, 2035 [2]. - The company has no overdue external guarantees [1]. Group 2: Financial Data of the Guaranteed Entity - Qinhuangdao Company, established in August 2009, has total assets of RMB 454.63 million and total liabilities of RMB 401.94 million as of March 31, 2025 [3][4]. - The net assets of Qinhuangdao Company are RMB 52.70 million, with an asset-liability ratio exceeding 70% [1][6]. Group 3: Necessity and Reasonableness of the Guarantee - The guarantee is deemed a reasonable business action authorized by the board and shareholders, aimed at stabilizing the subsidiary's financial situation [6]. - The company maintains a robust governance structure and risk management system to ensure the safety of funds and the sustainability of operations [6]. Group 4: Cumulative Guarantee Information - As of July 20, 2025, the total external guarantees provided by the company and its subsidiaries amount to RMB 1,167.26 million, representing 30.66% of the company's audited net assets for 2024 [6]. - The total guarantee amount for subsidiaries is RMB 200 million, which is 13.31% of the company's audited net assets for 2024 [6].