KINGLAND TECHNOLOGY(SZ:000711) Zheng Quan Zhi Xing·2025-08-14 10:12Core Viewpoint - The company plans to provide a guarantee of 90 million yuan for its subsidiary, Yunnan Yesheng Environmental Resources Technology Co., Ltd., to facilitate its financing needs and ensure smooth business operations [1][2]. Summary by Sections 1. Guarantee Overview - Yunnan Yesheng has an asset-liability ratio exceeding 70%. The total external guarantee amount for the company and its subsidiaries will be 199 million yuan, with a remaining balance of 39 million yuan, accounting for 5.87% of the company's net assets as of December 31, 2024 [1][3]. 2. Expected Guarantee Amount - The expected guarantee amount will be reviewed at the company's sixth extraordinary general meeting in 2025. The actual guarantee amount and terms will be determined by the final signed contracts with financial institutions [2]. 3. Basic Information of the Guaranteed Party - Yunnan Yesheng is a subsidiary of the company, with a shareholding ratio of 82.91%. The company has total assets of approximately 186.41 million yuan and total liabilities of about 154.55 million yuan, resulting in net assets of around 31.86 million yuan [2][3]. 4. Board's Opinion on the Guarantee - The board believes that the expected guarantee amount is necessary for the subsidiary's operational needs and aligns with the company's overall interests and development strategy. The risks associated with the guarantee are considered manageable [3]. 5. External Guarantee Situation - After the approval of the expected guarantee amount, the total external guarantee amount will be 199 million yuan, with a balance of 39 million yuan. There are currently no overdue debts for the company and its subsidiaries [3].