CCS(SH:600180) Shang Hai Zheng Quan Bao·2025-07-25 21:01Core Viewpoint - The company has announced its expected external guarantee limits for 2025, which includes significant amounts for its subsidiaries to support their business operations [2][3][14]. Summary by Sections Guarantee Objects and Basic Information - The company has signed maximum guarantee contracts with banks to provide joint liability guarantees for its subsidiaries, including a guarantee of 29.7 million RMB for Zhengzhou Jiarui and 7.2 million RMB for Beijing Ruimaotong [2][3]. - The company also provides a guarantee of up to 10 million RMB for its associate company Jinrui Energy, which is co-owned with another entity [2]. Internal Decision-Making Process - The company’s board of directors and supervisory board approved the expected external guarantee limits for 2025 during meetings held on December 23, 2024, with the amounts set at 454.7 million RMB for Zhengzhou Jiarui, 7.5 million RMB for Beijing Ruimaotong, and 25 million RMB for Jinrui Energy [3][14]. Basic Information of Guaranteed Parties - The company has provided details about the operational stability of the guaranteed parties, indicating that they do not have significant issues affecting their debt repayment capabilities [14]. Main Content of Guarantee Agreements - The guarantee agreements specify that the company will provide joint liability guarantees, covering not only the principal but also interest, penalties, and other related costs [5][10][11]. - The guarantee period is set for three years after the debt repayment period ends for each contract [7][13]. Board of Directors' Opinion - The board believes that the expected guarantee limits are based on actual operational needs and strategic deployment for 2025, which will enhance the financing capabilities of its subsidiaries and ensure stable development [14]. Cumulative External Guarantee Amounts - As of the announcement date, the total external guarantees provided by the company and its subsidiaries amount to approximately 1.49 billion RMB, representing 189.26% of the latest audited net assets [14].