SCGS(SH:600678) Shang Hai Zheng Quan Bao·2025-08-05 19:06Core Viewpoint - Sichuan Jinding (Group) Co., Ltd. plans to provide proportional guarantees for its associate company, Sichuan Kaiwu Information Technology Co., Ltd., in relation to a loan renewal, which constitutes a related party transaction [1][3][20]. Group 1: Board Meeting Resolutions - The 18th meeting of the 10th Board of Directors was held on August 5, 2025, where the proposal to provide guarantees for the associate company was approved [1][5]. - The company currently provides a total guarantee of RMB 17 million for Kaiwu Information, which will be reduced to RMB 11.664 million after the renewal of the loan [2][18]. - The board meeting included 7 directors, all of whom attended, and the chairman, Liang Fei, presided over the meeting [1][5]. Group 2: Loan Renewal and Guarantee Details - Kaiwu Information intends to apply for a loan renewal of RMB 8 million, with the company providing a guarantee of up to RMB 266.4 thousand based on its 33.3% shareholding [2][9][18]. - The loan renewal is necessary for business operations, and the interest rate will not exceed the previous loan rate [2][9]. - The company’s chairman and the chairman of Kaiwu Information will provide personal counter-guarantees for this transaction [10][19]. Group 3: Related Party Transactions - The guarantee provided by the company constitutes a related party transaction due to the shareholding structure and the involvement of the company's executives [3][20]. - The independent directors have reviewed and approved the proposal, confirming that it does not harm the interests of the company or its shareholders, especially minority shareholders [14][24]. - The transaction does not qualify as a major asset restructuring under relevant regulations [3][20]. Group 4: Upcoming Shareholder Meeting - A temporary shareholder meeting is scheduled for August 21, 2025, to discuss the board's proposals, including the guarantee for Kaiwu Information [7][26]. - The meeting will be held at the company's office in Emeishan, Sichuan, and will include both on-site and online voting options [27][28]. - The agenda will include voting on the guarantee proposal and other related matters [31][32].