Core Viewpoint - Beijing Wajingke Information Technology Co., Ltd. has announced the provision of a guarantee for its wholly-owned subsidiary, Beijing Jiujia Xintong Technology Co., Ltd., to support its operational liquidity needs through a credit facility with Shanghai Pudong Development Bank [2][3][11] Summary by Sections 1. Guarantee Amount Overview - The company approved a guarantee amount not exceeding RMB 150 million for its subsidiaries to apply for financing from banks, with a rolling usage period until the next annual shareholders' meeting [2] 2. Guarantee Progress - The company plans to sign a maximum guarantee contract with Shanghai Pudong Development Bank for Jiujia Xintong's credit application, with the current guarantee balance at RMB 106.42 million and remaining available guarantee amount at RMB 120 million after this provision [3] 3. Basic Information of the Guaranteed Party - Jiujia Xintong was established on March 11, 2016, with a registered capital of RMB 51.11 million, focusing on technology services, software development, and 5G communication technology services [4][5] 4. Financial Data of the Guaranteed Party - As of December 31, 2024, Jiujia Xintong had total assets of RMB 364.82 million, total liabilities of RMB 159.11 million, and net assets of RMB 205.71 million. For Q1 2025, it reported revenue of RMB 144.77 million and a net profit of RMB 13.61 million [7] 5. Guarantee Contract Main Content - The guarantee is a joint liability guarantee with a maximum principal amount of RMB 10 million, covering principal debts, interest, penalties, and related costs [9][10] 6. Board of Directors' Opinion - The board believes that the guarantee for Jiujia Xintong is necessary for its operational liquidity, and the subsidiary has a good credit status and repayment capability, posing controllable financial risks [11] 7. Cumulative External Guarantees - After this guarantee, the total guarantee amount by the company and its subsidiaries is RMB 226.42 million, with the external guarantee balance at RMB 106.42 million, representing 14.67% of the company's audited net assets for 2024 [12]
北京挖金客信息科技股份有限公司关于公司对下属全资子公司提供担保的进展公告