HENGDA(SZ:002591) Shang Hai Zheng Quan Bao·2025-09-12 19:50Group 1 - The company held its 13th temporary board meeting on September 12, 2025, where all 7 attending directors approved the proposal for a subsidiary to provide guarantees for an associated company [2][7] - The subsidiary, Evergrande Green Energy Technology Co., Ltd., plans to provide a guarantee of up to RMB 500 million for Hubei Jiangxin New Materials Co., Ltd., which is seeking a total credit line of up to RMB 2.5 million from a bank [2][7] - The remaining 80% of the credit line will be guaranteed by the actual controller and their concerted parties, indicating a collaborative financial support structure [3][10] Group 2 - The board believes that the guarantee is necessary to support the project construction needs of Jiangxin New Materials and to promote its operational development [3][10] - Jiangxin New Materials has shown good debt repayment capability and has not defaulted on any loans, which mitigates financial risk for the company [3][10] - The total guarantee amount for the company and its subsidiaries will reach RMB 85 million after this approval, with the current outstanding guarantees amounting to RMB 19.57 million, representing 2.96% of the company's net assets as of December 31, 2024 [11]