SAILUN GROUP(SH:601058) Shang Hai Zheng Quan Bao·2025-08-01 20:05Core Viewpoint - The company has approved a total guarantee amount of up to 17.6 billion RMB for its subsidiaries, with specific provisions for subsidiaries with high debt ratios [1][7]. Group 1: Guarantee Details - The company will provide guarantees totaling no more than 17.6 billion RMB for its subsidiaries, including 15.6 billion RMB for subsidiaries with an asset-liability ratio exceeding 70% [1]. - The company has already provided a total of 5.512 billion RMB in guarantees to its wholly-owned subsidiary, Sairun Group (Hong Kong) Limited [2][3]. - The guarantee for Sairun Hong Kong is structured as a joint liability guarantee, covering loans, accounts receivable purchases, interest, penalties, and other related costs [3][4][5]. Group 2: Necessity and Reasonableness of Guarantee - The guarantee is deemed necessary to support the daily operational needs of Sairun Hong Kong, which is currently stable and has no significant defaults or legal issues affecting its debt repayment capacity [6]. - The company has confirmed that the guarantee does not harm the interests of the company or minority shareholders, indicating its reasonableness [6]. Group 3: Cumulative Guarantee Situation - The total expected annual guarantees for the company and its subsidiaries is 27.2 billion RMB, with actual guarantees amounting to 20.39 billion RMB as of the announcement date [7]. - The expected annual guarantee amount for wholly-owned subsidiaries is 17.6 billion RMB, with actual guarantees of 13.352 billion RMB, reflecting significant coverage of the company's audited net assets [7].