SHRC(SH:600392) Shang Hai Zheng Quan Bao·2025-08-06 18:17Core Viewpoint - The company has provided a financing guarantee of 200 million yuan to its wholly-owned subsidiary, Ganzhou Chenguang Rare Earth New Materials Co., Ltd., as part of its approved guarantee limit for 2025 [2][4]. Summary by Sections Guarantee Overview - The company’s board approved a guarantee limit of up to 450 million yuan for 2025, which represents 46.64% of the company's audited net assets for 2024 [4]. - The guarantee is intended to support various financing activities, including loans, bills, letters of credit, and factoring [4]. Guarantee Details - The specific guarantee provided to Chenguang Rare Earth amounts to 200 million yuan, with a cumulative guarantee balance of 1.157 billion yuan as of July 31, 2025 [2][5]. - Chenguang Rare Earth has provided a counter-guarantee for the financing [3]. Necessity and Reasonableness of Guarantee - The guarantee is deemed necessary to meet the operational funding needs of the subsidiary, promoting its development and aligning with the company's overall business strategy [7][8]. - The company maintains oversight of the subsidiary's operations and credit status, ensuring that the risks associated with the guarantee are manageable [7][8]. Board Opinion - The board believes that the guarantee supports the subsidiary's funding needs and is in the best interest of the company and its shareholders [8]. - The total guarantee amount falls within the previously approved limit, negating the need for separate board approval [8]. Cumulative Guarantee Status - As of July 31, 2025, the total cumulative financing guarantees provided by the company and its subsidiaries amount to 2.692 billion yuan, which is 27.90% of the company's latest audited net assets [9]. - There are no overdue guarantees reported [9].