Overview of Guarantee Situation - Guangdong Feinan Resource Utilization Co., Ltd. (the company) has a wholly-owned subsidiary, Jiangxi Xingnan Environmental Protection Technology Co., Ltd. (Jiangxi Xingnan), which recently signed a guarantee contract with the Zhaoqing branch of Bank of Communications to provide a joint liability guarantee for the company's financing application, with a maximum debt amount of 240 million yuan and a guarantee period of three years after the debt performance period ends [2][6]. Details of the Guarantee Agreement - The creditor is Bank of Communications Zhaoqing Branch, and the debtor is Guangdong Feinan Resource Utilization Co., Ltd. [5] - The guarantee amount is capped at 240 million yuan, covering all principal and interest, compound interest, penalty interest, damages, and costs related to enforcing the debt [6]. Financial and Operational Context - The financing is necessary for the company's daily operations, and the guarantee provided by Jiangxi Xingnan is expected to help meet operational funding needs, aligning with the company's overall development strategy [7]. - As of the announcement date, the total guarantee amount for the company and its subsidiaries is 5 billion yuan, with a total outstanding guarantee balance of 1.669 billion yuan, representing 36.94% of the net assets attributable to ordinary shareholders for 2024 [8].
广东飞南资源利用股份有限公司关于全资子公司江西兴南对母公司提供担保的公告