Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-08-01 23:11Overview - Shaanxi Jinye Science and Education Group Co., Ltd. approved a comprehensive credit limit of up to RMB 4 billion or equivalent foreign currency from banks and financial institutions during its board meeting and annual shareholders' meeting [2] - The company will provide guarantees for this credit limit, which includes various forms such as joint liability guarantees, mortgages, and pledges [2] - The authorization for signing relevant legal documents related to financing and guarantees is granted to the chairman and president, Yuan Hanyuan, until the next annual shareholders' meeting [2] Financing Details - The wholly-owned subsidiary, Xi'an Mingde Polytechnic, has secured financing of RMB 60 million through a sale-leaseback arrangement with Jiangsu Financial Leasing Co., Ltd. for a term of three years [4] - The financing is guaranteed by the company, and it does not constitute a related party transaction as per the Shenzhen Stock Exchange regulations [4] Transaction Counterparty Information - Jiangsu Financial Leasing Co., Ltd. is a joint-stock company with a registered capital of RMB 579.32 million, established on April 23, 1988, and is located in Nanjing [5] Asset and Financial Information - As of December 31, 2024, Mingde Polytechnic had total assets of RMB 2.607 billion, total liabilities of RMB 2.017 billion, and net assets attributable to the parent company of RMB 589.92 million [7] - As of March 31, 2025, the total assets were RMB 2.627 billion, total liabilities were RMB 2.019 billion, and net assets attributable to the parent company were RMB 608.03 million [7] Guarantee Information - The company provides a joint liability guarantee for the financing of Mingde Polytechnic, with a maximum guarantee amount of RMB 60 million and a guarantee period of three years [7] - The actual guarantee balance of the company and its subsidiaries is RMB 1.854 billion, which is approximately 102.58% of the latest audited net assets [7] Reference Documents - The financing lease contract and guarantee contract have been signed and are available for review [8]