SKSHU(SH:603737) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-11-02 14:30Core Points - The company plans to sign a cooperation agreement with Industrial Bank Co., Ltd. Putian Branch, providing a loan guarantee for its dealers up to RMB 300 million, with the company's repayment obligation capped at RMB 60 million [1][2][9] - The board of directors approved the guarantee proposal, allowing the company and its subsidiaries to provide guarantees for qualified dealers, with a total guarantee limit of RMB 350 million [2][8] - The guarantee will be a joint liability guarantee, with specific conditions and risk control measures in place to ensure the financial stability of the dealers [3][7] Summary by Sections Guarantee Overview - The company will provide a guarantee for loans to its dealers, with a maximum repayment obligation of 20% of the total credit limit approved by the bank, not exceeding RMB 60 million [1][3] - The guarantee period is three years from the loan issuance date, with extensions applicable if the loan terms are renegotiated [6] Internal Decision-Making Process - The board meetings held on April 24, 2025, and May 16, 2025, approved the guarantee proposal, which does not require further board or shareholder approval due to its compliance with existing limits [2][8] Risk Control Measures - The company and the bank will jointly assess the financial status and creditworthiness of the dealers before approving loans [7] - Dealers must provide counter-guarantees, ensuring that the company has recourse in case of default [7] Board Opinion - The board supports the guarantee as it aligns with the company's long-term development strategy and helps expand sales through better financing options for dealers [8] Cumulative Guarantee Situation - As of October 28, 2025, the total external guarantees provided by the company and its subsidiaries amount to RMB 295.59 million, which is 110.05% of the latest audited net assets [9]