Changhong Polymer(SH:605008) Shang Hai Zheng Quan Bao·2025-08-20 21:01Core Viewpoint - Ningbo Changhong High Polymer Technology Co., Ltd. has provided a bank credit guarantee for its subsidiary, Zhejiang Changhong Biological Materials Co., Ltd., amounting to RMB 60 million, with an existing guarantee balance of RMB 1.208 billion [2][3]. Group 1: Guarantee Overview - The company signed a maximum guarantee contract with Ping An Bank Ningbo Branch, providing a guarantee of RMB 60 million for the subsidiary from August 6, 2025, to August 5, 2026 [3]. - The company has previously approved a total guarantee limit of up to RMB 3.357 billion for its subsidiaries for the year 2025 [4]. Group 2: Subsidiary Information - Zhejiang Changhong Biological Materials Co., Ltd. is a wholly-owned subsidiary established on October 29, 2020, with a registered capital of RMB 1.17 billion [5]. - The subsidiary's business scope includes the manufacturing and sales of bio-based materials, as well as technology research and development in this field [6]. Group 3: Guarantee Agreement Details - The guarantee covers all debts of the subsidiary, including principal, interest, penalties, and other related costs, with a maximum principal balance of RMB 60 million [6][7]. - The guarantee period extends three years beyond the debt fulfillment deadline, with provisions for extension if the credit is renewed [7]. Group 4: Overall Guarantee Status - As of the announcement date, the company's total external guarantee balance is RMB 1.921 billion, accounting for 96.39% of the latest audited net assets, with no overdue guarantees reported [8].