JUNZHENG(SH:601216) Shang Hai Zheng Quan Bao·2025-11-03 19:40Core Viewpoint - The company has announced the provision of a guarantee of 10 million RMB for its wholly-owned subsidiary, Ordos Junzheng, as part of its planned guarantee limits for 2025 [3][5]. Summary by Sections Guarantee Object and Basic Situation - The company will provide a guarantee of 10 million RMB to its subsidiary, Ordos Junzheng, within the expected guarantee limit for 2025 [3][5]. Cumulative Guarantee Situation - The total expected guarantee limit for 2025 is set at 16.7 billion RMB, which includes 4.1 billion RMB for subsidiaries with an asset-liability ratio of 70% or more, and 12.6 billion RMB for those below 70% [4][10]. Internal Decision-Making Process - The board of directors approved the expected guarantee limit during meetings held on April 25 and May 16, 2025, and the approval is valid for 12 months from the date of the shareholders' meeting [4][10]. Basic Situation of the Guaranteed Party - The guarantee is intended to support the operational needs of Ordos Junzheng, which is under the company's control and has a stable financial condition [9]. Main Content of the Guarantee Agreement - The guarantee covers the principal, interest, penalties, and all costs related to the creditor's rights realization, with a total principal amount of 300 million RMB [7][8]. Necessity and Reasonableness of the Guarantee - The guarantee aligns with the company's overall interests and development strategy, as Ordos Junzheng has a strong repayment capability [9][10]. Board of Directors' Opinion - The board unanimously agreed that the guarantee is necessary for the subsidiary's operational funding and supports the company's stable development [10]. Cumulative External Guarantee Quantity and Overdue Guarantee Quantity - As of the announcement date, the total external guarantees provided by the company and its subsidiaries amount to 7.625 billion RMB, representing 27.99% of the latest audited equity attributable to the parent company [11][12].