GuangDong GuangHong (SZ:000529) Zheng Quan Zhi Xing·2025-09-02 08:16Core Viewpoint - Guangdong Guanghong Holdings Co., Ltd. has approved a bank financing guarantee for its subsidiary, Yueqiao Company, amounting to a maximum of RMB 150 million for one year [1][2]. Summary by Sections Guarantee Overview - The board of directors approved a proposal to provide a joint liability guarantee for Yueqiao Company to apply for bank financing of up to RMB 150 million [1]. Guarantee Progress - A comprehensive credit contract was signed with Guangzhou Rural Commercial Bank for a loan amounting to RMB 45 million [2]. - A maximum guarantee contract was also signed with the bank, covering the same amount of RMB 45 million [2]. Main Content of the Guarantee Contract - The guarantee covers all debts, including principal, interest, overdue interest, penalties, and any costs incurred for debt recovery [3]. Total External Guarantee Amount - As of the announcement date, the total external guarantee amount by the company and its subsidiaries is RMB 2.77 billion, with a cumulative guarantee balance of RMB 1.88481 billion, which is 59.41% of the latest audited net assets [4]. - There are no overdue guarantees or guarantees provided for shareholders or related parties [4].