Yifeng Pharmary(SH:603939) Shang Hai Zheng Quan Bao·2025-10-24 20:20Core Points - The company has provided a guarantee for its wholly-owned subsidiary, Jiangsu Yifeng, to support its application for comprehensive credit from financial institutions [2][3] - The total amount of the guarantee provided by the company does not exceed 3.09 billion yuan, which is within the approved limit from the annual shareholders' meeting [3][5] - The guarantee is intended to meet the operational and business development funding needs of the company and its subsidiary, ensuring smooth business operations [5] Summary by Sections Guarantee Details - The company signed a maximum guarantee contract with financial institutions in September 2025, providing joint liability guarantees for Jiangsu Yifeng's credit application [2] - The specific guarantee amount is 250 million yuan, covering various financial obligations including principal, interest, penalties, and related costs [3] Internal Decision-Making Process - The board of directors approved the guarantee proposal during meetings held on April 28, 2025, and May 29, 2025 [3] Financial Health of the Subsidiary - Jiangsu Yifeng is described as having good profitability and the ability to repay debts, with financial risks being manageable within the company [5] Board's Opinion - The board believes that providing the guarantee is a reasonable estimate based on business development needs and financial capabilities, aligning with the company's overall strategic goals [5] Cumulative Guarantee Situation - As of the announcement date, the total external guarantees provided by the company and its subsidiaries amount to 3.315 billion yuan, representing 30.91% of the latest audited net assets [5]