ANGEL YEAST(SH:600298) Shang Hai Zheng Quan Bao·2025-09-02 20:45Summary of Key Points Core Viewpoint - Anqi Yeast Co., Ltd. has announced that it will provide a guarantee for its subsidiary, Chifeng Company, to secure a loan of 100 million RMB from China Construction Bank for operational needs [2][5]. Group 1: Guarantee Overview - The company has signed a loan contract with China Construction Bank for a borrowing amount of 100 million RMB, which will be drawn in installments based on actual needs [2]. - The board of directors approved the guarantee proposal on April 8, 2025, and it was ratified at the annual shareholders' meeting on April 30, 2025 [2]. - The total external guarantee limit for 2025 is set at 3 billion RMB, with 1.6 billion RMB allocated for subsidiaries with a debt-to-asset ratio below 70% [2][6]. Group 2: Guarantee Details - The guarantee amount is 100 million RMB, with a joint liability guarantee method [3]. - The guarantee period lasts from the contract's effective date until three years after the debt fulfillment deadline [3]. - The guarantee covers all debts under the main contract, including principal, interest, penalties, and other related costs [5]. Group 3: Necessity and Reasonableness of Guarantee - The guarantee is deemed necessary to meet the operational funding needs of Chifeng Company, which has a stable operating condition and good credit [5]. - The board believes that providing this guarantee will enhance the company's profitability and align with its overall strategy [5]. - The company has no overdue guarantees, and the current guarantee situation is within acceptable risk limits [6].