Wangfujing(SH:600859) Zheng Quan Zhi Xing·2025-07-28 16:27Group 1 - The company will provide a joint liability guarantee for its joint venture, Foshan Wangfujing Ziwai Port Commercial Management Co., Ltd., to secure a bank loan of up to RMB 70 million from Agricultural Bank of China [1][2] - The company holds a 50% stake in the joint venture, and the guarantee amount from the company will not exceed RMB 35 million, matching the contribution from the other partner, Xiongsheng Hongjing [1][4] - The decision to provide the guarantee was approved unanimously in a board meeting, with independent directors confirming that it does not harm the interests of the company or its shareholders [2][6] Group 2 - Foshan Wangfujing Ziwai Port was established on August 9, 2017, with a registered capital of RMB 120 million and operates in various sectors including commercial complex management and property management [4][5] - The joint venture reported total assets of RMB 891.60 million and total liabilities of RMB 1.168 billion, resulting in a negative net asset value of RMB 276.68 million [4][5] - The company aims to optimize the operational capabilities of the joint venture by leveraging its expertise in brand positioning and digital marketing to mitigate operational risks [5][6] Group 3 - The company plans to cancel its supervisory board and amend its articles of association to enhance operational efficiency in compliance with the new Company Law [7][8] - The registered capital of the company has been adjusted from 1,135,049,451 shares to 1,123,931,424 shares due to share repurchase [8][9] - The proposed amendments to the articles of association will be submitted for approval at the upcoming extraordinary general meeting [7][8]