YILI(SH:600887) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-08-16 06:07Summary of Key Points Core Viewpoint - The company has entered into a guarantee agreement to support the financing of Hohhot Yixing Dairy Investment Co., Ltd., with a maximum guarantee amount of RMB 0.43 billion, aimed at optimizing its milk source layout and supporting its main business development [1][5]. Group 1: Guarantee Agreement Details - The guarantee agreement was signed on August 14, 2025, between Inner Mongolia Yili Industrial Group Co., Ltd., Hohhot Yixing Dairy Investment Co., Ltd., and Xingye International Trust Co., Ltd. [1][2] - The total guarantee amount for the financing business is capped at RMB 2 billion, which can be used cyclically within the authorization period [2]. - The guarantee covers the repurchase price, penalties, and any shortfall in the transfer price related to the equity income rights [2][3]. Group 2: Necessity and Reasonableness of the Guarantee - The guarantee is deemed necessary to ensure the normal operation of Yixing Dairy Investment's business, as other investors lack the capacity to provide guarantees [5]. - The guarantee aligns with the principles of mutual benefit and aims to enhance the company's core business [5]. Group 3: Cumulative Guarantee Situation - As of August 14, 2025, the total external guarantee balance of the company and its subsidiaries is RMB 86.31 billion, accounting for 16.23% of the latest audited net assets [5]. - The guarantee balance provided to subsidiaries is RMB 67.65 billion, representing 12.72% of the latest audited net assets [5]. - The overdue guarantee amount from a subsidiary, Inner Mongolia Huishang Financing Guarantee Co., Ltd., is RMB 0.38 billion [5].