SOYEA(SZ:000909) Zheng Quan Zhi Xing·2025-08-04 16:36Overview - The company has authorized the provision of external guarantees for its subsidiaries to support their business operations for a period of 12 months, starting from the approval date by the shareholders' meeting [1][14]. Guarantee Situation - The board of directors approved the proposal to provide joint liability guarantees for subsidiaries based on operational needs within an authorized limit [1]. - The company’s wholly-owned subsidiary, Innovation Development, is authorized to provide mortgage guarantees using its assets within the specified limit and duration [1]. Guarantee Amount Details - The total guarantee amount for the subsidiaries is projected to be 40 million yuan for Zhejiang Shuyuan Trading Co., Ltd. and 30 million yuan for Hangzhou Yihe Network Co., Ltd. [2]. - The asset-liability ratio for Zhejiang Shuyuan Trading Co., Ltd. is 91.60%, and for Hangzhou Yihe Network Co., Ltd., it is 52.44% [2]. Financial Data - As of July 31, 2025, the total external guarantees provided by the company and its subsidiaries amounted to 301.73 million yuan, which is 28.09% of the latest audited net assets [15]. - The company reported a total asset of 21,270.02 million yuan and total liabilities of 19,482.31 million yuan, resulting in a net asset of 1,787.71 million yuan [7]. Board Opinion - The board believes that the authorization of guarantees is beneficial for the subsidiaries to obtain necessary funding for business development, aligning with the overall interests of the company and providing good returns for shareholders [14].