Overview - Huarong Chemical Co., Ltd. has announced a guarantee for its wholly-owned subsidiaries, with a total guarantee amount not exceeding 284 million RMB [2][17] - The guarantee includes 150 million RMB for subsidiaries with a debt-to-asset ratio of 70% or higher and 134 million RMB for those below 70% [2] Guarantee Details - Huarong Chengdu, with a debt-to-asset ratio below 70%, has been granted a guarantee of 80 million RMB, while Huarong International, with a ratio above 70%, has a guarantee of 140 million RMB [3] - As of September 11, 2025, the company has provided guarantees of 46.12425 million RMB to Huarong Chengdu and 65 million RMB to Huarong International [3] - An asset pool financing agreement was signed with Zheshang Bank, allowing for a financing limit of up to 20 million RMB, which can be shared between the two subsidiaries [3][4] Financial and Operational Context - The guarantee period for the new guarantees is three years from the debt performance deadline [4] - The total amount of guarantees provided by the company is within the limits approved by the shareholders and board of directors, with no additional approval required [5] - The company maintains control over its subsidiaries, which are currently operating normally and have the capacity to repay their debts [15][16] Cumulative Guarantee Information - As of the announcement date, the total approved guarantee amount is 284 million RMB, with actual guarantees amounting to 111.12425 million RMB, representing 64.20% of the company's latest audited net assets [17] - The actual guarantee amount is 38.27792 million RMB, accounting for 22.11% of the company's latest audited net assets [17]
华融化学股份有限公司关于为全资子公司提供担保的公告