深圳市京基智农时代股份有限公司关于为下属公司提供担保的进展公告

Summary of Key Points Core Viewpoint - The company, Shenzhen Jingji Zhino Times Co., Ltd., has announced the provision of a guarantee for its wholly-owned subsidiary, Xu Wen County Jingji Zhino Times Co., Ltd., to support its financing needs, which is deemed beneficial for the company's overall interests [3][4]. Group 1: Guarantee Overview - The company’s board approved a guarantee limit of up to RMB 300 million for Xu Wen County Jingji Zhino Times Co., Ltd. during meetings held on September 30, 2024, and November 29, 2024 [3]. - Recently, the company provided a guarantee of RMB 95 million to Guangfa Bank's Zhanjiang branch, which is within the approved guarantee limit [4]. Group 2: Financial Data and Risk Assessment - As of the announcement date, the total external guarantee amount by the company and its subsidiaries (excluding this guarantee) is RMB 13.4 billion, with RMB 2.4 billion for subsidiaries and RMB 11 billion for other units/individuals [2][8]. - After this guarantee, the remaining external guarantee balance is RMB 1.906 billion, accounting for 44.41% of the company's latest audited net assets [2][8]. - The company has no overdue guarantees or any litigation related to guarantees [9]. Group 3: Guarantee Agreement Details - The guarantee covers the principal amount, interest, penalties, and other related costs, with a guarantee period of three years from the debt fulfillment date [7][8]. - The guarantee is structured as a joint liability guarantee, ensuring comprehensive coverage of the debt obligations [7]. Group 4: Board's Opinion - The board believes that providing this guarantee is essential for the subsidiary's daily operations and business development, and it does not harm the interests of the company or its shareholders, particularly minority shareholders [8].