Shang Hai Zheng Quan Bao·2025-09-25 19:11Core Points - The company has provided a guarantee of €55 million for its wholly-owned subsidiary, Shanghai Jin Jiang Holdings (Hong Kong) Co., Ltd. [2][3] - The guarantee is part of a comprehensive credit facility agreement with China Minsheng Bank for restructuring existing Euro-denominated bank loans and supporting the daily operations of Group du Louvre [6] Summary by Sections Guarantee Overview - On September 25, 2025, the company signed a "Maximum Guarantee Contract" with China Minsheng Bank for a credit facility of €55 million for Jin Jiang Hong Kong [3] - The board of directors and the annual shareholders' meeting approved the guarantee, allowing management to operate within a limit of €150 million for related borrowings [3][6] Basic Information of the Guaranteed Entity - Jin Jiang Hong Kong has a registered capital of €350,108,782 and is fully owned by Shanghai Jin Lu Investment Management Co., Ltd. [4] - As of June 30, 2025, Jin Jiang Hong Kong reported total assets of €35,212,000 and total liabilities of €398,000, with no bank loans or related party loans [4] Main Contents of the Guarantee Contract - The guarantor is Jin Jiang Hotel, and the creditor is Minsheng Bank [5] - The guarantee amount is €55 million, with a term of one year, covering principal, interest, penalties, and costs related to enforcing the guarantee [6] Necessity and Reasonableness of the Guarantee - The guarantee is deemed necessary for restructuring existing loans and supporting the daily operations of Group du Louvre, with risks considered manageable and not detrimental to the company's operations [6] Board of Directors' Opinion - The authorized guarantee amount aligns with the company's operational needs, and the risks associated with the guarantee are controllable, ensuring no adverse impact on normal operations [6] Total External Guarantees - As of the announcement date, the company and its wholly-owned subsidiaries have total external guarantees amounting to approximately RMB 963.72 million, with no overdue guarantees reported [6]