YA BANG(SH:603188) Shang Hai Zheng Quan Bao·2025-08-20 20:59Core Points - Jiangsu Abang Dyeing Co., Ltd. plans to apply for a working capital loan of 20 million RMB from Jiangsu Bank Changzhou Branch, with a term of 12 months [2] - Wujin High-tech Financing Guarantee Co., Ltd. will provide a guarantee for this loan and charge a guarantee fee of 200,000 RMB at an annual rate of 1% [2] - Abang Dyeing's wholly-owned subsidiary, Jiangsu Abang Hual Dyeing Co., Ltd., will provide a joint liability counter-guarantee for the loan, using land and buildings as collateral [2][6] Guarantee Details - The total guarantee limit approved by the board is up to 1 billion RMB, with specific limits based on the debt-to-asset ratio of the units involved [2][8] - As of the announcement date, the company has utilized 273.25 million RMB of the approved guarantee amount, with 259.5 million RMB for units with a debt-to-asset ratio below 70% [2][8] - The counter-guarantee provided by Abang Hual is within the approved limit and involves a guarantee fee of 200,000 RMB [2][8] Internal Decision Process - The guarantee and counter-guarantee were approved in board meetings held on April 29, 2025, and May 20, 2025, respectively [2][8] - The board believes that the guarantee is necessary for the company's operational financing needs and will not adversely affect the company's financial status or operations [7][8] Collateral Information - The collateral provided includes a land area of 236,470 square meters and a building area of 101,483.11 square meters [6][7] - The collateral is intended to secure the total debt obligations under the guarantee agreement, including principal, interest, and any associated costs [6][7] Board's Opinion - The board has assessed the operational status and creditworthiness of the counter-guarantee provider and believes that the risks are manageable [8] - The board emphasizes that the guarantee arrangement aligns with the company's overall development strategy and supports its business growth [8]