West Construction(SZ:002302) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-09-24 04:21Summary of Key Points Core Viewpoint - The company has approved a total bank credit guarantee limit of up to 1.5 billion yuan for its subsidiaries, aimed at ensuring their normal production and operation, which aligns with the company's overall interests [1][4]. Group 1: Guarantee Overview - The company approved a bank credit guarantee limit of no more than 1.5 billion yuan for its subsidiaries during board meetings held on April 2, 2025, and May 16, 2025 [1]. - The guarantee period is from the approval date until the next annual general meeting in 2025 [1]. - The specific guarantee amount for the subsidiary, China Construction West Construction No. 9 Co., Ltd., is set at 120 million yuan [1]. Group 2: Current Guarantee Status - As of September 21, 2025, the company has issued 10 outstanding guarantees totaling 650 million yuan within the approved limit [2]. - The guarantees include amounts of 100 million yuan, 50 million yuan, and various other amounts for different subsidiaries [2]. - On September 22, 2025, the company signed a maximum guarantee contract with China Minsheng Bank for a guarantee amount of 40 million yuan for the No. 9 subsidiary [2]. Group 3: Subsidiary Information - The No. 9 subsidiary is not listed as a dishonest executor [3]. - The guarantee provided is a joint liability guarantee for the principal debt and associated costs [3][4]. Group 4: Impact on the Company - The guarantees are intended to support the normal operations of the subsidiaries and are considered manageable risks for the company [4]. - The total outstanding guarantees represent 6.86% of the company's audited net assets for the fiscal year 2024 [4]. - There have been no overdue guarantees or legal issues related to the guarantees [4].