Shang Hai Zheng Quan Bao·2025-09-18 20:05Core Viewpoint - The company has provided a guarantee of RMB 23 million for its wholly-owned subsidiary, China Shipbuilding Heavy Industry Group Liaohai Equipment Co., Ltd., to support its financing needs [2][3][10] Group 1: Guarantee Details - The guarantee amount for Liaohai Equipment is RMB 23 million, and the total guarantee amount provided by the company to Liaohai Equipment is RMB 155 million as of the announcement date [2][3] - The guarantee is part of a contract signed with China Ship Finance Co., Ltd. for financing purposes [3] - The guarantee is a joint liability guarantee covering principal, interest, penalties, and costs related to debt recovery [6][7] Group 2: Subsidiary Information - Liaohai Equipment is a wholly-owned subsidiary of the company, with a registered capital of RMB 225.43 million [5] - The company holds 100% of the shares in Liaohai Equipment, which has a good operational status [8][10] - The subsidiary's business scope includes ship manufacturing, repair, and various specialized equipment services [4][5] Group 3: Board and Approval Process - The guarantee has been approved by the company's board and the 2024 annual general meeting, ensuring it falls within the approved limits [9][10] - The guarantee is deemed necessary and reasonable for the subsidiary's operational needs and does not affect shareholder interests [8][9]