MILKYWAY(SH:603713) Shang Hai Zheng Quan Bao·2025-08-01 20:36Core Points - The company has provided guarantees for its subsidiaries, specifically for Shanghai Milkway Container Service Co., Ltd. and Shanghai Milkway Chemical Logistics Co., Ltd. [2][7] - The total guarantee amount approved for 2025 is capped at RMB 11 billion, with a guarantee period of 12 months from the date of the shareholders' meeting [3][11] - As of the announcement date, the total external guarantee balance of the company and its subsidiaries is RMB 51,230.319 million, which accounts for 118.65% of the company's latest audited net assets attributable to shareholders [11] Guarantee Details - The company signed a contract with Bank of Communications Shanghai Minhang Branch to provide a guarantee of RMB 5 million for Shanghai Milkway Container [2] - A separate contract was signed with China Everbright Bank Shanghai Branch for a guarantee of RMB 150 million for Shanghai Milkway Chemical Logistics [2][10] - The company has adjusted the guarantee limits among its subsidiaries to meet operational needs, transferring RMB 15 million from Shanghai Milkway Chemical Logistics to Shanghai Milkway Container [4][7] Internal Decision-Making - The guarantees were approved during the fourth board meeting and the annual shareholders' meeting held on April 13, 2025, and May 6, 2025, respectively [3][11] - The company has established a mechanism to adjust guarantee limits among its wholly-owned and controlling subsidiaries within the approved total guarantee amount [4] Necessity and Reasonableness of Guarantees - The guarantees are deemed necessary to support the operational development of the subsidiaries and do not harm the interests of the company or minority shareholders [7] - Both subsidiaries have good credit status and there are no significant issues affecting their debt repayment capabilities [7]