XINGHUA CHEMISTRY(SZ:002109) Zheng Quan Zhi Xing·2025-08-25 17:15Summary of Key Points Core Viewpoint - The company plans to provide a guarantee of up to 2.2899 billion RMB for a syndicated loan of 4.49 billion RMB taken by its subsidiary, Yushen Energy Chemical, in accordance with its shareholding ratio [1][2]. Group 1: Guarantee Details - The guarantee amount is capped at 2.2899 billion RMB, which corresponds to the company's 51% stake in the subsidiary [1][2]. - The guarantee period will last from the date of approval by the shareholders' meeting until three years after the loan obligations are fulfilled [2][5]. - The proposal for the guarantee was approved unanimously at the shareholders' meeting, with 9 votes in favor and none against [2]. Group 2: Subsidiary Information - Yushen Energy Chemical was established on December 14, 2011, with a registered capital of 1.98 billion RMB [3]. - The company operates in the coal resource utilization sector, producing various chemical products [4]. - As of the latest audited financials, Yushen Energy Chemical reported total assets of approximately 702.74 million RMB and total liabilities of about 532.21 million RMB [4]. Group 3: Risk Management - The company holds a controlling stake in Yushen Energy Chemical, allowing it to manage and monitor the subsidiary's operations effectively [5][6]. - The guarantee aligns with state-owned asset management regulations, ensuring that the interests of the company and its shareholders are protected [6][7]. - There are no overdue guarantees or litigation risks associated with this guarantee [6].