Decai Decoration CO.(SH:605287) Shang Hai Zheng Quan Bao·2025-09-26 18:29Core Viewpoint - The company has provided guarantees for its subsidiary, Qingdao Zhongjian United Group Co., Ltd., to support its daily operations and business development needs, ensuring smooth production activities [1][10]. Summary by Sections Guarantee Details - The company has signed a maximum principal guarantee contract with China Construction Bank, Qingdao Shinan Branch, providing a joint liability guarantee for a maximum debt principal amount of RMB 400 million and RMB 600 million respectively [1][10]. Internal Decision-Making Process - The company’s board of directors approved the external guarantee limit for 2025, not exceeding RMB 6 billion, with specific limits for subsidiaries based on their asset-liability ratios [2]. Guarantee Agreement Main Content - The guarantee agreements specify the creditor as China Construction Bank, the debtor as Qingdao Zhongjian United Group, and the guarantee method as joint liability [3][8]. Guarantee Scope - The guarantee covers the principal balance not exceeding RMB 400 million and RMB 600 million, including interest, penalties, and other related costs [6][10]. Necessity and Reasonableness of Guarantee - The guarantee is deemed necessary and reasonable to meet the operational needs of the subsidiary, which is a wholly-owned subsidiary with good credit status, allowing the company to effectively manage its operations and risks [10]. Board of Directors' Opinion - The board believes that the guarantee is beneficial for the stable and sustainable development of the company and aligns with its overall strategic goals [10]. Cumulative External Guarantee and Overdue Guarantee - As of the announcement date, the company and its subsidiaries have a total external guarantee balance of RMB 1.2858343 billion, all for subsidiaries within the consolidated financial statements, representing 83.53% of the company's latest audited net assets, with no overdue guarantees [12].