HIKING(SH:600735) Shang Hai Zheng Quan Bao·2025-08-13 18:23Core Viewpoint - The company, Shandong Xinhua Jin International Co., Ltd., has provided a guarantee for its subsidiary, Shanghai Lizhi Industrial Co., Ltd., to secure a loan of up to RMB 20 million from Ningbo Bank, Shanghai Branch, to support its business development needs [2][3]. Group 1: Guarantee Details - The company has approved a guarantee amount of RMB 15 million for Shanghai Lizhi, with a remaining guarantee balance of RMB 2.5 million after this transaction [3]. - The total amount of guarantees provided by the company and its subsidiaries is RMB 340 million, with actual guarantees amounting to RMB 202 million, representing 16.75% of the company's latest audited net assets [9]. Group 2: Internal Decision-Making Process - The board of directors held a meeting on April 28, 2025, and a shareholder meeting on May 21, 2025, to approve the guarantee proposal for the subsidiaries [3][8]. - The board's decision was unanimous, with 7 votes in favor and none against or abstaining [8]. Group 3: Necessity and Reasonableness of the Guarantee - The guarantee is deemed necessary and reasonable as the company has control over the subsidiary and has assessed its ability to repay the debt, ensuring that the guarantee aligns with the company's operational needs [7][8].