Liaoning Dingjide Petrochemical (SH:603255) Shang Hai Zheng Quan Bao·2025-09-17 20:33Core Viewpoint - The company, Liaoning Dingjide Petrochemical Co., Ltd., has provided a guarantee for its subsidiary, Petrochemical Technology, to secure a loan of RMB 100 million from Dalian Rural Commercial Bank for a period of 12 months, with the guarantee lasting for three years after the loan term ends [1][2]. Summary by Sections Guarantee Details - The company has signed a comprehensive credit contract with Dalian Rural Commercial Bank for a loan of RMB 100 million, with a repayment period of 12 months [1]. - The company provides joint guarantee responsibility for the loan, with a guarantee period extending three years beyond the loan's maturity [1]. - The shareholders of Petrochemical Technology have also provided guarantees of up to RMB 100 million each [1]. Internal Decision-Making Process - The company held a board meeting on April 28, 2025, and a shareholder meeting on May 21, 2025, to approve a guarantee limit of up to RMB 431 million for the year 2025 [3]. - On August 13, 2025, the company increased the guarantee limit to a total of RMB 591 million, which includes RMB 560 million for Petrochemical Technology [3]. Basic Information of the Guaranteed Party - Petrochemical Technology has a good credit status and is not listed as a dishonest executor [5]. - The guarantee agreement includes a maximum guarantee amount of RMB 100 million, covering principal, interest, penalties, and other related costs [5]. Board of Directors' Opinion - The guarantee has been approved by the shareholders' meeting and falls within the authorized limits, thus does not require further board or shareholder approval [6]. - The total external guarantees provided by the company and its subsidiaries amount to RMB 591 million, representing 374.02% of the audited net assets attributable to shareholders for the year 2024 [6].