Silvery Dragon Prestressed Materials (SH:603969) Shang Hai Zheng Quan Bao·2025-08-11 19:14Core Viewpoint - The company, Tianjin Yinlong Prestressed Materials Co., Ltd., has provided a guarantee for its wholly-owned subsidiary, Yinlong Science and Trade, to secure financing from Shanghai Pudong Development Bank, amounting to RMB 30 million [2][3]. Group 1: Guarantee Details - The guarantee amount is RMB 30 million, with no counter-guarantee involved [2][5]. - The guarantee is a joint liability guarantee, covering not only the principal debt but also interest, penalties, and other related costs [6][7]. - The guarantee period extends for three years after the debt repayment period for each debt contract [6]. Group 2: Internal Decision Process - The board of directors approved the guarantee during the 12th meeting of the 5th board on April 24, 2025, and at the annual shareholders' meeting on May 15, 2025, allowing for guarantees up to RMB 40 million [3]. Group 3: Necessity and Reasonableness of the Guarantee - The guarantee is deemed necessary for the daily operations and business development of Yinlong Science and Trade, with the amount within the company's annual guarantee limit [7]. - The company maintains control over the subsidiary's operations and financial status, ensuring that the risks are manageable and do not harm shareholder interests [7][8]. Group 4: Cumulative Guarantee Situation - As of now, the company has provided a total of RMB 599.5 million in guarantees to its subsidiaries, representing 24.29% of the latest audited net assets [8]. - Among these, RMB 389.5 million is for subsidiaries with a debt-to-asset ratio above 70%, and RMB 210 million is for those below 70% [8].