RiseSun(SZ:002146) Shang Hai Zheng Quan Bao·2025-11-07 19:31Core Viewpoint - The company announced that its subsidiary will provide guarantees for financing arrangements to support business development, with a total guarantee amount not exceeding 70.57 million yuan [2][6]. Summary by Sections Guarantee Overview - The company’s wholly-owned subsidiary, Rongsheng (Xuzhou) Real Estate Development Co., Ltd., plans to collaborate with Ding Wenqiang for a financing amount not exceeding 70.57 million yuan, with a guarantee period of no more than 45 months [2]. Guarantee Amount Usage - The total guarantee amount is capped at 70.57 million yuan, which will be secured by assets from another subsidiary, Xuzhou Rongkai Real Estate Co., Ltd. [2]. Basic Information of the Guaranteed Party - The guaranteed party, Rongsheng Xuzhou, was established on February 14, 2006, and is located in Xuzhou, China [5]. Main Content of the Guarantee - The guarantee involves a mortgage agreement between Rongsheng Xuzhou, Xuzhou Rongkai, and Ding Wenqiang, covering the principal and interest of the loan [6]. Board of Directors' Opinion - The board believes that the guarantee is within the approved annual guarantee plan and does not harm the interests of the company or its shareholders, as Rongsheng Xuzhou has sufficient capacity to repay the financing [6]. Total External Guarantees and Overdue Guarantees - As of the announcement date, the company’s total actual guarantees amount to 44.22 billion yuan, which is 297.68% of the latest audited net assets. The guarantees to external entities amount to 7.755 billion yuan, representing 52.21% of the latest audited net assets, with overdue guarantees totaling 11.411 billion yuan [6].