GuoChuang(SZ:300520) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-08-15 03:45Summary of Key Points Core Viewpoint - The company has approved a guarantee limit for its subsidiaries, allowing it to provide financial support through bank guarantees, with a total limit of RMB 100 million for the year 2025 [2]. Group 1: Guarantee Overview - The company will provide guarantees for its subsidiaries' bank credit applications and daily operational needs, with a total guarantee limit of RMB 100 million for 2025 [2]. - The guarantee limit is divided into RMB 70 million for subsidiaries with a debt-to-asset ratio below 70% and RMB 30 million for those with a ratio above 70% [2]. Group 2: Recent Guarantee Developments - The company signed a maximum guarantee contract with Shanghai Pudong Development Bank Hefei Branch, providing a joint liability guarantee for its wholly-owned subsidiary, with a maximum guarantee amount of RMB 30 million [3][4]. - The company also signed a loan contract with the same bank for its subsidiary, providing RMB 20 million in working capital for a term of 10 months, with the company acting as a guarantor [3]. - Additionally, a maximum guarantee contract was signed with Industrial Bank Hefei Branch for another subsidiary, with a maximum guarantee amount of RMB 25 million [3][6]. Group 3: Guarantee Agreement Details - The guarantee agreements include provisions for the principal debt, interest, penalties, and other related costs, with a guarantee period extending three years after the debt's maturity [5][6]. - The company has a total external guarantee balance of RMB 403.96 million, which constitutes 21.44% of its latest audited net assets, with no overdue guarantees or litigation-related guarantees reported [7].