Shang Hai Zheng Quan Bao·2025-07-30 19:13Core Points - The company has provided guarantees for its wholly-owned subsidiaries to secure comprehensive credit from financial institutions [2][9] - The total amount of guarantees provided by the company is within the limits approved at the 2024 annual shareholders' meeting [9] Guarantee Details - The company has signed guarantee contracts with financial institutions for its subsidiaries, including a guarantee of 400 million RMB for Xiamen Sanan and 500 million RMB for Sanan Integrated [4][6] - The guarantees cover all principal debts, interest (including compound and penalty interest), and other related costs [4][6] - The guarantee period extends from the effective date of the guarantee until three years after the maturity of each loan or financing [4][6] Necessity and Reasonableness of Guarantees - The guarantees are deemed necessary to meet the operational financing needs of the wholly-owned subsidiaries, facilitating their normal business operations [7] - The subsidiaries are reported to have stable operations, good creditworthiness, and strong debt repayment capabilities, indicating that the guarantee risks are manageable [7] Cumulative Guarantee Situation - As of the announcement date, the total amount of external guarantees provided by the company is 15.589 billion RMB, accounting for 26.40% of the company's total audited assets as of the end of 2024 [9] - The guarantees for wholly-owned and controlling subsidiaries amount to 13.895 billion RMB, representing 37.69% of the net assets attributable to shareholders [9]