LONGDA(SZ:002726) Shang Hai Zheng Quan Bao·2025-10-20 19:28Overview - The company, Shandong Longda Food Co., Ltd., has announced the provision of guarantees for its subsidiaries, with a total guarantee amount of 6 billion RMB for the year 2025 [2][13]. Group 1: Guarantee Details - The company approved a total guarantee limit of 6 billion RMB at the 2024 annual shareholders' meeting, with 4 billion RMB allocated for subsidiaries with a debt-to-asset ratio of 70% or higher, and 2 billion RMB for those below 70% [2]. - The guarantee period is from the date of approval until the next annual shareholders' meeting in 2025 [2]. - Recently, the company signed a comprehensive credit contract with the Yantai branch of Bank of Communications, securing financing of 78 million RMB, with its wholly-owned subsidiary providing a joint liability guarantee [3][4]. Group 2: Subsidiary Guarantees - The subsidiary, Henan Longda Muyuan Meat Food Co., Ltd., has entered into a credit agreement with the Nanyang branch of Zhengzhou Bank for a financing amount of 30 million RMB, with the company providing a joint liability guarantee [9][10]. - The guarantee amount for this financing is also within the authorized limit approved at the 2024 annual shareholders' meeting [10]. Group 3: Financial Metrics - As of the announcement date, the total amount of guarantees provided by the company for its subsidiaries is 1.314 billion RMB, which represents 88.64% of the company's equity attributable to shareholders as of December 31, 2024 [13]. - The subsidiary Henan Longda Muyuan Meat Food Co., Ltd. reported a debt-to-asset ratio of 54.11% as of June 30, 2025 [12].