LEO(SZ:002131) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-10-19 06:28Core Viewpoint - The company has approved a total guarantee limit of up to 8.523 billion RMB for its wholly-owned and controlling subsidiaries for the year 2025, which includes specific contracts with banks and partners to support business operations and financing needs [2][24]. Group 1: Guarantee Overview - The company has agreed to provide guarantees for its subsidiaries, including a maximum guarantee of 270 million RMB for Liou Aggregation Advertising Co., Ltd. with Agricultural Bank of China from September 15, 2025, to September 14, 2027 [2]. - A guarantee of 60 million RMB has been established for Hunan Pump Industry Co., Ltd. with Industrial Bank from September 19, 2025, to August 13, 2026 [3][14]. - The company has also signed a guarantee contract with Kuaishou Advertising Co., Ltd. for Shanghai Jusheng Wanhui Advertising Co., Ltd. with a maximum guarantee of 20 million RMB [3][21]. Group 2: Subsidiary Information - Liou Aggregation Advertising Co., Ltd. reported a revenue of 706.58 million RMB and a net loss of 30.49 million RMB in 2024, with total assets of 2.98 billion RMB [4]. - Hunan Pump Industry Co., Ltd. achieved a revenue of 965.65 million RMB and a net profit of 14.31 million RMB in 2024, with total assets of 1.44 billion RMB [5]. - Shanghai Jusheng Wanhui Advertising Co., Ltd. generated a revenue of 498.40 million RMB and a net profit of 1.26 million RMB in 2024, with total assets of 2.80 billion RMB [6]. Group 3: Guarantee Contract Details - The guarantee contracts include provisions for joint liability guarantees, covering principal debts, interest, penalties, and all costs related to debt recovery [9][20]. - The guarantee period for the contracts is typically three years following the expiration of the main contract obligations [11][23]. - The company has confirmed that there are no overdue guarantees or litigation issues related to these guarantees as of the announcement date [25].