NJGK(SH:600064) Zheng Quan Zhi Xing·2025-08-13 11:11Summary of Key Points Core Viewpoint - Nanjing Gaoke Co., Ltd. has announced a guarantee of 986.985 million yuan for its subsidiary, Nanjing Ningyan Real Estate Co., Ltd., to support its loan application and ensure the project's funding needs are met [1][2]. Group 1: Guarantee Details - The guarantee amount provided by Nanjing Gaoke's subsidiary, Nanjing Gaoke Real Estate Co., Ltd., is 986.985 million yuan, covering the principal, interest, and other related fees of the loan [2][4]. - The guarantee is within the previously approved limit and does not require further board or shareholder approval [2][5]. - The total external guarantee amount, including this guarantee, is 4.5 billion yuan, which is 23.93% of the company's latest audited net assets [5]. Group 2: Financial and Operational Context - Nanjing Ningyan Real Estate Co., Ltd. has a total debt of 2.1139 billion yuan and a net asset of 177.96 million yuan, indicating a challenging financial position [4]. - The company is primarily engaged in the development of the Jiangyue Hall project, which is a significant undertaking with a total investment of approximately 3.6 billion yuan [4]. - The board believes that providing this guarantee is essential for ensuring the normal operation and funding needs of Nanjing Ningyan Real Estate, aligning with the company's overall development strategy [4][5].