Shang Hai Zheng Quan Bao·2025-09-23 17:53Overview - The company Shanghai Jin Jiang International Hotel Co., Ltd. has provided a guarantee for its wholly-owned subsidiary Groupe du Louvre (GDL) for a loan of €73.5 million [2][4]. Guarantee Details - The guarantee was signed on September 23, 2025, with the Industrial and Commercial Bank of China for GDL's loan application [2]. - The board of directors and the annual shareholders' meeting approved the guarantee, allowing the management to operate within a limit of €150 million for GDL and its subsidiaries [2][5]. Subsidiary Information - GDL has a registered capital of €652,037,000 and operates in the hotel and restaurant industry [3]. - As of June 30, 2025, GDL's total assets were €159,695.41 million, with total liabilities of €120,341.74 million, resulting in a net asset value of €39,353.67 million [3]. Guarantee Conditions - The guarantee amount is €73.5 million, with a total outstanding guarantee balance for GDL of €287 million [4]. - There are no collateral guarantees for this loan, and there are no overdue guarantees reported [4][6]. Financial Implications - The company has a total of RMB 982,056.47 million in external guarantees, with €109,095.04 million in euro guarantees, which is 63.73% of the latest audited net assets [6].