CENTER INT(SH:603098) Shang Hai Zheng Quan Bao·2025-08-04 19:06Core Viewpoint - The company has provided guarantees totaling RMB 34.88 million to its wholly-owned and controlling subsidiaries, with a cumulative guarantee amount of RMB 510 million as of July 31, 2025, representing 18.49% of the company's latest audited net assets [2][7]. Group 1: Guarantee Details - The company has issued bank guarantees totaling RMB 8.60 million for its wholly-owned subsidiaries and RMB 3.50 million for its controlling subsidiary [4]. - The company has facilitated supply chain financing of RMB 20 million for its wholly-owned subsidiaries, with an additional RMB 276.64 million provided by a wholly-owned subsidiary to the company [4]. - The cumulative guarantee amount between the company and its subsidiaries is RMB 510 million, with RMB 85 million provided by the company to its controlling subsidiaries and RMB 425 million provided by its subsidiaries to the company [7]. Group 2: Decision-Making Process - The guarantees were approved by the company's board and the annual general meeting, allowing for a total guarantee limit of up to RMB 1.3 billion for 2025, with specific limits for subsidiaries based on their asset-liability ratios [5][6]. - The company can adjust the guarantee limits within the approved range without needing further board or shareholder meetings [6]. Group 3: Necessity and Reasonableness of Guarantees - The guarantees are deemed necessary for the operational needs of the company and its subsidiaries, aligning with the company's overall interests and development strategy [6]. - The company maintains effective control over the credit status and risks associated with the guaranteed parties [6]. Group 4: External Guarantees and Risks - As of July 31, 2025, the company has not provided any guarantees to controlling shareholders or related parties, and there are no overdue guarantees [7].