ANGEL YEAST(SH:600298) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-09-02 23:37Core Viewpoint - The company has signed a loan agreement with China Construction Bank for 100 million RMB to support the operational needs of its subsidiary, Chifeng Company, with the company providing a guarantee for this loan [2][5]. Group 1: Loan and Guarantee Details - The loan amount is 100 million RMB, which will be drawn in installments based on actual needs [2]. - The company plans to provide a total external guarantee of 3 billion RMB for the year 2025, all of which will be for its controlling or wholly-owned subsidiaries [5]. - The guarantee for Chifeng Company is structured as a joint liability guarantee, with a guarantee period extending three years beyond the debt fulfillment deadline [3][5]. Group 2: Financial Health and Risk Assessment - Chifeng Company has a stable operational status and good creditworthiness, making the guarantee risk controllable [5]. - The company’s total external guarantee for 2025 represents 27.70% of its most recent audited net assets [5]. - As of the announcement date, the company has provided guarantees totaling 440 million RMB and 1.111 million USD for its subsidiaries, accounting for 4.80% of its most recent audited net assets, with no overdue guarantees reported [5]. Group 3: Board's Opinion - The board believes that providing the guarantee will accelerate the development of Chifeng Company, enhance the company's profitability, and meet its operational funding needs [5]. - The guarantee is deemed compliant with approval procedures and relevant regulations, benefiting both the company and its shareholders [5].