ROYAL GROUP(SZ:002329) Shang Hai Zheng Quan Bao·2025-08-12 20:40Summary of Key Points Core Viewpoint - The announcement details the progress of external guarantees provided by the company and its subsidiaries, highlighting the total guarantee amount exceeding the company's audited net assets. Group 1: Overview of Guarantees - The company plans to provide guarantees for subsidiaries with a total amount not exceeding RMB 375,816 million for the year 2025, with specific limits for subsidiaries with different debt ratios [3][55]. - The guarantees include amounts for subsidiaries with a debt ratio of 70% or more capped at RMB 68,900 million, and those below 70% capped at RMB 241,216 million [3]. Group 2: Progress of Guarantees - The company signed a guarantee contract with Guilin Bank for RMB 16,600 million to support Guangxi Huangshi Dairy's credit application [4]. - A guarantee of RMB 890,000 was provided to support Huangshi Group Zunyi Dairy's working capital loan from Guizhou Bank [4]. - Additional guarantees were signed with North Bay Bank for various subsidiaries, including RMB 1,000 million for Huangshi Sail Biotechnology and RMB 3,000 million for Huangshi Laibin Dairy [5][6][9]. Group 3: Financial Data and Risk Management - The total amount of guarantees provided by the company and its subsidiaries is RMB 244,169.77 million, which is 261.28% of the company's latest audited net assets [55]. - The company has no overdue guarantees or guarantees involved in litigation, ensuring a controlled risk environment [55]. Group 4: Basic Information of Guaranteed Entities - Huangshi Group was established on May 31, 2001, with a registered capital of RMB 83,240.3985 million, primarily engaged in dairy product production and sales [14]. - Guangxi Huangshi Dairy, a subsidiary, was established on December 25, 2015, with a registered capital of RMB 50,000 million [17]. - Huangshi Group Zunyi Dairy, another subsidiary, was established on March 9, 2016, with a registered capital of RMB 6,890 million [21].