ZJJH(SH:600160) Shang Hai Zheng Quan Bao·2025-08-14 19:23Core Viewpoint - The company has provided guarantees for its subsidiary, Zhejiang Jinju Chemical Co., Ltd., to support its operational financing needs, with a total guarantee amount of RMB 3,291.90 million for a period of six months [1][3][4]. Group 1: Guarantee Details - The company has signed a maximum guarantee contract with China Industrial Bank for a guarantee amount of RMB 2,105.63 million and with China Bank for RMB 1,186.27 million, both with a six-month guarantee period [1][3]. - The total guarantee amount provided by the company and its controlling shareholder, Juhua Group, is divided as follows: the company accounts for 82.38% and Juhua Group for 17.62% [2]. Group 2: Internal Decision Process - The board of directors approved a plan to provide a joint liability guarantee for the subsidiary's project financing, with a maximum guarantee amount of RMB 82,380 million for a period of 8-12 years, and an additional guarantee of RMB 51,075.60 million for working capital loans for one year [2][4]. Group 3: Necessity and Reasonableness of the Guarantee - The guarantee is deemed necessary to support the normal operations and business development of the subsidiary, which is included in the company's consolidated financial statements. The company believes that this will not harm its interests or those of its shareholders [4]. Group 4: Cumulative Guarantee Situation - As of the announcement date, the cumulative external guarantee balance of the company and its subsidiaries is RMB 65,139.51 million, which accounts for 3.39% of the company's audited net assets as of the end of 2024. There are no overdue guarantees [5].