Yunnan Germanium(SZ:002428) Zheng Quan Zhi Xing·2025-08-21 16:59Overview of the Announcement - The company has approved a proposal for providing guarantees for its subsidiaries, which includes a total guarantee amount of 129 million yuan [1][3][12] Financing Details - The company will apply for comprehensive credit of 10 million yuan from China Minsheng Bank and 49 million yuan from Postal Savings Bank, with terms of one year and up to three years respectively [1][3] - Additionally, a 10 million yuan working capital loan will be applied for from Huaxia Bank, with a term of up to three years [1][3] - A 60 million yuan working capital loan will be sought from Citic Bank, with a term of 18 months [2][3] Guarantee Structure - The total guarantee amount of 129 million yuan includes 50 million yuan as continued credit and the rest as new credit [3][12] - The guarantees will be provided by the company, its controlling shareholder, and major shareholders, including personal guarantees from the actual controllers [2][4] Related Party Transactions - The transactions constitute related party transactions as the controlling shareholder and major shareholders are involved in providing guarantees [4][6] - The chairman and actual controllers have recused themselves from voting on the proposal [4][15] Financial Health of Subsidiaries - Both subsidiaries, Kunming Yunzhe and Dongchang Company, are wholly owned by the company and have good credit ratings, with no records of bad loans [10][12] - The financial risks associated with the guarantees are considered manageable within the company's control [12][15] Approval Process - The proposal has been reviewed and approved by the board of directors, with independent directors expressing no conflict of interest [15][16] - The company will not charge any guarantee fees and does not require counter-guarantees, aligning with the interests of all shareholders [15][16]