CMST(SH:600787) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-10-17 00:48Core Points - The company has signed a maximum guarantee contract with Bank of China Tianjin Hexi Branch, providing a joint liability guarantee for its wholly-owned subsidiary, China Material Storage and Transportation Tianjin Co., Ltd., with a guarantee amount of 101 million RMB [1][7] - The board of directors has approved the expected external guarantee limit for 2025, which is set at a total of no more than 1.65 billion RMB for subsidiaries applying for bank credit [2][8] - As of the announcement date, the total external guarantee amount provided by the company is 401 million RMB, all of which is for the subsidiary's bank credit applications, representing 2.92% of the company's latest audited net assets [8] Guarantee Details - The guarantee is a joint liability guarantee, with a specific guarantee amount of 101 million RMB [7] - The guarantee period for each debt is three years from the maturity date of the respective debt [4] - The necessity and reasonableness of the guarantee are highlighted, as it supports the subsidiary's daily operational needs and aligns with legal regulations and company bylaws, with controllable risk [5] Subsidiary Information - The guaranteed subsidiary, China Material Storage and Transportation Tianjin Co., Ltd., is not a dishonest executor [3]