Summary of Key Points Core Viewpoint - Wuhan Donghu Gaoxin Group Co., Ltd. has signed a maximum guarantee contract with Industrial Bank Co., Ltd. Shanghai Branch to provide a guarantee of RMB 100 million for its subsidiary, Shanghai Taixin Environmental Engineering Co., Ltd. [2][3] Group 1: Guarantee Overview - The guarantee amount for this transaction is RMB 100 million, with a cumulative guarantee amount for Taixin Environmental of RMB 100 million as of the announcement date, leaving a balance of RMB 75.0116 million [3][4] - The company has provided actual guarantees totaling RMB 1.2737172 billion for its wholly-owned and controlling subsidiaries, and RMB 11.33 million for its affiliated companies as of September 1, 2025 [4][9] Group 2: Internal Decision-Making Process - The company's board of directors approved the 2025 annual guarantee plan, allowing for a total guarantee amount of up to RMB 6.125 billion for wholly-owned and controlling subsidiaries [5][8] - The shareholders' meeting on June 5, 2025, approved the 2025 annual guarantee plan [5][6] Group 3: Guarantee Agreement Details - The guarantee covers all debts arising from the main contract, including principal, interest, penalties, and costs incurred by the creditor [6][7] - The guarantee period is calculated based on the debt performance period, lasting three years from the maturity of each financing [6][7] Group 4: Necessity and Reasonableness of the Guarantee - The guarantee is deemed necessary to enhance Taixin Environmental's ability to apply for various financing from financial institutions, supporting its operational needs [7] - The company maintains effective management over Taixin Environmental, ensuring that the guarantee does not harm the interests of the company and its shareholders [7][8] Group 5: Board of Directors' Opinion - The board believes that the guarantee plan will not harm the company's interests, as the related subsidiaries have repayment capabilities [8] Group 6: Total External Guarantees and Overdue Guarantees - As of September 1, 2025, the total external guarantees provided by the company and its subsidiaries amount to RMB 7.3100472 billion, accounting for 82.51% of the audited equity attributable to the parent company [9]
武汉东湖高新集团股份有限公司 关于为控股子公司上海泰欣环境工程有限公司提供担保的公告