LBX(SH:603883) Shang Hai Zheng Quan Bao·2025-09-08 19:51Summary of Key Points Core Viewpoint - The company has provided a guarantee for its wholly-owned subsidiary, Hunan Fengwoda Pharmaceutical Logistics Co., Ltd., to support its operational funding needs through a bank credit application totaling 10,000 million RMB [2][4][6]. Group 1: Guarantee Overview - The company has applied for a total bank credit limit of 1,591 million RMB for the year 2025, with a guarantee amount not exceeding 98 million RMB [2]. - The guarantee is valid from the date of approval by the annual general meeting until the next annual general meeting [2]. Group 2: Financial Status of the Subsidiary - As of December 31, 2024, Hunan Fengwoda had total audited assets of 470,654.77 million RMB and total liabilities of 425,248.92 million RMB, resulting in a net asset of 45,405.85 million RMB [3]. - For the first half of 2025, the unaudited total assets were 620,899.58 million RMB, with liabilities of 559,164.13 million RMB, leading to net assets of 61,735.45 million RMB [3]. Group 3: Guarantee Agreement Details - The guarantee is a joint liability guarantee, covering all debts related to loans, financing, and other financial activities as per the main contract [4]. - The subsidiary has not provided any counter-guarantee for this arrangement [4]. Group 4: Necessity and Reasonableness of the Guarantee - The guarantee is deemed necessary for the subsidiary's operational development and aligns with the company's overall interests and strategic goals [6]. - The subsidiary is reported to have stable financial conditions and good creditworthiness, indicating its ability to repay due debts [6]. Group 5: Board of Directors' Opinion - The board has approved the guarantee, stating it is in line with the company's actual situation and complies with relevant laws and regulations [7]. - The total external guarantees amount to 980 million RMB, which is 13.69% of the company's latest audited net assets, with no overdue guarantees reported [7].