MAOYE COMMERCIAL(SH:600828) Zheng Quan Zhi Xing·2025-08-26 12:17Core Viewpoint - The company has announced a guarantee for its subsidiary, Inner Mongolia Maoye Group, to support its application for a working capital loan of RMB 60 million from Inner Mongolia Bank [1][2][3] Summary by Sections Guarantee Overview - The guarantee amount is RMB 60 million, with a total guarantee balance of RMB 250 million provided to the subsidiary [1][2] - The loan is secured by commercial properties owned by Inner Mongolia Maoye Shopping Plaza Co., Ltd., with a total area of 13,836.22 square meters [2][6] - The guarantee will be a joint liability guarantee, with a maximum principal limit of RMB 60 million, and the guarantee period is three years from the loan maturity date [2][6] Internal Decision Process - The board of directors approved the guarantee with more than two-thirds of the attending directors voting in favor, and it does not require shareholder approval [3][7] Subsidiary Information - Inner Mongolia Maoye Group is a wholly-owned subsidiary of the company, with an 85% ownership stake [4][6] - The company was established on June 12, 2002, and is registered in Hohhot, Inner Mongolia, with a registered capital of RMB 170 million [4][6] Financial Indicators - As of December 31, 2024, the total assets of Inner Mongolia Maoye Group were RMB 562.59 million, with total liabilities of RMB 358.52 million, resulting in net assets of RMB 204.07 million [6] - The company reported an operating income of RMB 32.80 million and a net profit of RMB 1.73 million for the first half of 2025 [6] Necessity and Reasonableness of the Guarantee - The board believes that providing this guarantee will help meet the financing needs of Inner Mongolia Maoye Group and enhance its liquidity, aligning with the company's overall development strategy [6][7] - The collateral for the loan has a high assessed value, and other shareholders are not involved in the management of Inner Mongolia Maoye Group, thus not providing proportional guarantees [6][7]