Guangdong Xianglu Tungsten (SZ:002842) Shang Hai Zheng Quan Bao·2025-09-05 21:58Summary of Key Points Core Viewpoint - Guangdong Xianglu Tungsten Industry Co., Ltd. has announced the provision of guarantees for its wholly-owned subsidiary, Jiangxi Xianglu Tungsten Industry Co., Ltd., with a total guarantee amount not exceeding 3 billion RMB for the year 2025 [1][3]. Group 1: Guarantee Overview - The company approved a guarantee limit of up to 3 billion RMB for its subsidiaries during the 2024 annual shareholders' meeting [1]. - A guarantee contract was signed with Agricultural Bank of China, Danyu County Branch, for a credit facility with a maximum principal amount of 54 million RMB [2]. Group 2: Guarantee Details - The guarantee covers all obligations of the debtor, including principal, interest, penalties, and all costs related to the creditor's claims [4]. - The guarantee is a joint liability guarantee, meaning multiple guarantors share responsibility for the debt [6]. Group 3: Financial Metrics - As of the announcement date, the total amount of guarantees provided by the company is 322 million RMB, which accounts for 42.11% of the company's audited net assets for 2024 [7]. - The actual amount of guarantees stands at approximately 287.7 million RMB, representing 37.63% of the company's audited net assets for 2024 [7].