远大产业控股股份有限公司关于为子公司提供担保的进展公告

Summary of Key Points Core Viewpoint - The company has provided guarantees for its subsidiaries to secure bank credit, with a total guarantee amount not exceeding 299.99 million yuan, which is within the approved limits for the year 2025 [3][4][5]. Group 1: Guarantee Overview - The company has signed contracts with banks to provide guarantees for its subsidiaries' credit applications, with specific amounts detailed for each subsidiary [3]. - The total guarantee amount for the subsidiaries includes 50 million yuan for each of the subsidiaries: Far Great Energy Chemical Co., Ltd., Ningbo Far Great International Trade Co., Ltd., and Far Great Material Group Co., Ltd. Additionally, guarantees of up to 50 million yuan and 99.9852 million yuan are provided for Hong Kong Far Great [3][19]. Group 2: Financial Performance of Subsidiaries - Far Great Energy Chemical Co., Ltd. reported a sales revenue of 2,011.944 million yuan and a net profit of 1.9 million yuan for the year 2024 [7]. - Ningbo Far Great International Trade Co., Ltd. achieved a sales revenue of 432.82 million yuan but incurred a net loss of 12.76 million yuan in 2024 [9]. - Far Great Material Group Co., Ltd. generated a sales revenue of 8,552.853 million yuan with a net profit of 111.8 million yuan for the year 2024 [11]. - Hong Kong Far Great reported a sales revenue of 287.26 million yuan and a net profit of 35.51 million yuan for 2024 [12]. Group 3: Guarantee Details - The guarantees provided are joint liability guarantees, with a guarantee period of three years from the debt maturity date for each specific credit application [13][14]. - The scope of the guarantees includes all debts owed by the subsidiaries to the banks, including principal, interest, penalties, and other related costs [16][17]. Group 4: Cumulative Guarantee Amount - After the current guarantees, the total amount of guarantees provided by the company and its subsidiaries is 1,086.085 million yuan, which is 462.23% of the company's audited net assets for 2024 [19][20]. - There are no overdue guarantees or guarantees involved in litigation as of the latest report [20].