Core Viewpoint - The announcement details the progress of guarantees provided by Guizhou Chitianhua Co., Ltd. for its wholly-owned subsidiaries, Guizhou Daqin Tumor Hospital Co., Ltd. and Guizhou Chitianhua Tongzi Chemical Co., Ltd., including specific amounts and terms of the guarantees [1][2][3]. Summary by Sections Guarantee Overview - The company has approved a total guarantee limit of up to 1.8 billion RMB for its subsidiaries in 2025, which includes the renewal of existing guarantees [2][3]. - The company has provided a guarantee of 24.46 million RMB to Daqin Hospital and 70 million RMB to Tongzi Chemical as of July 31, 2025 [1][2]. Details of the Guaranteed Entities - Guizhou Daqin Tumor Hospital has total assets of 1.16 billion RMB and liabilities of 807.86 million RMB as of March 31, 2025, with a net loss of 2.98 million RMB in Q1 2025 [5]. - Guizhou Chitianhua Tongzi Chemical has total assets of 272.82 million RMB and liabilities of 117.26 million RMB as of March 31, 2025, with a net profit of 1.38 million RMB in Q1 2025 [7]. Guarantee Agreements - The company has entered into a guarantee agreement with China Agricultural Development Bank for Daqin Hospital, covering a principal amount of 650 million RMB [9][10]. - A separate guarantee agreement with Guizhou Bank for Tongzi Chemical covers a principal amount of 840 million RMB [11][12]. Necessity and Reasonableness of Guarantees - The guarantees are deemed necessary for supporting the subsidiaries' project construction and daily operations, with the company maintaining effective control over the subsidiaries' operational risks [14]. - The total external guarantees amount to 1.15 billion RMB, representing 45.34% of the company's latest audited net assets [15].
贵州赤天化股份有限公司关于提供担保的进展公告