Ge Long Hui·2025-10-10 13:06Core Viewpoint - The company is taking measures to enhance its operational capabilities and mitigate debt risks by collaborating with local government-established entities for financing support [1][2] Group 1: Financing and Support - The company announced a RMB 2.31 billion syndicated loan to support its production resumption efforts, with all participating banks having completed their approvals [1] - To meet the loan conditions, the company’s subsidiary, Shouguang Kunhe, will provide collateral in the form of land and property valued at up to RMB 206.35 million, with a guarantee period not exceeding 5 years [1] - Another subsidiary, Chenming Leasing, will also provide collateral for the loan, valued at up to RMB 23.34 million, with the same guarantee period [1] Group 2: Debt Risk Mitigation - The government-established companies, Weifang Xingchen and Jilin Xingchen, aim to assist the company in resolving debt risks and facilitating production resumption [2] - The company plans to provide joint liability guarantees for Jilin Xingchen, which will collaborate with Jilin Bank for additional financing [1][2] - The collateral for Jilin Xingchen will be provided by the company’s subsidiary, Jilin Chenming, with a value of up to RMB 240 million and a guarantee period not exceeding 5 years [1]