XILONG SCIENTIFIC(SZ:002584) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-09-08 23:31Summary of Key Points Core Viewpoint - The company, Xilong Science Co., Ltd., has approved a guarantee proposal for financing credit for the year 2025, with a total guarantee amount not exceeding RMB 3.75 billion [2][3]. Group 1: Guarantee Overview - The total guarantee amount for the company and its subsidiaries is capped at RMB 3.75 billion for the year 2025 [2]. - The company will provide guarantees for its subsidiaries' financing applications, with a maximum of RMB 2.085 billion allocated for subsidiaries with an asset-liability ratio of 70% or less, and RMB 450 million for those exceeding 70% [2]. - Subsidiaries can also provide guarantees for other subsidiaries, with a total not exceeding RMB 55 million [2]. Group 2: Guarantee Progress - The company has signed a maximum guarantee contract with Guangdong Nanyue Bank for a subsidiary, with a maximum principal debt guarantee of RMB 40 million [4]. - A similar contract has been signed with CITIC Bank, guaranteeing a maximum principal debt of RMB 10 million for the same subsidiary [4]. - These guarantees are within the approved limits and have followed the necessary review procedures [4]. Group 3: Guarantee Agreement Details - The guarantee period for the contract with Guangdong Nanyue Bank is from August 8, 2025, to August 7, 2028, with a guarantee for principal and related costs [6][7]. - The guarantee period for the contract with CITIC Bank is from August 29, 2025, to August 29, 2026, also covering principal and related costs [8][9]. Group 4: Cumulative Guarantee and Overdue Guarantee Situation - As of the announcement date, the company and its subsidiaries have a cumulative external guarantee total of RMB 0, excluding guarantees provided for consolidated entities [10]. - The actual guarantee balance for subsidiaries is RMB 885.11 million, which is 38.49% of the latest audited net assets [10].