Wuzhou Special Paper(SH:605007) Shang Hai Zheng Quan Bao·2025-11-11 19:56Core Points - The company has provided guarantees for its subsidiaries, specifically for import business and credit facilities, totaling up to 278.90 million yuan [1][2][12] - The guarantees are within the approved limit set by the shareholders' meeting, which allows for a maximum guarantee amount of 7 billion yuan for the year 2025 [2][3] Group 1: Guarantee Details - The company signed an irrevocable joint guarantee for 78.90 million yuan for its subsidiary, Wuzhou Special Paper (Hubei), in an import contract with Sumida International Trade Co., Ltd [1][11] - A joint liability guarantee of up to 200 million yuan was provided for Wuzhou Special Paper (Jiangxi) in a credit agreement with China Everbright Bank [1][12] Group 2: Internal Decision-Making Process - The company held board and supervisory meetings in April and May 2025 to approve the guarantee limits for the year, ensuring compliance with internal governance [3] Group 3: Necessity and Reasonableness of Guarantees - The guarantees are deemed necessary to support the normal operations of the subsidiaries and enhance overall financing efficiency, aligning with the company's strategic interests [8] Group 4: Cumulative Guarantee Situation - As of the announcement date, the total external guarantees provided by the company and its subsidiaries amounted to 7752.26 million yuan, which is 219.54% of the latest audited net assets attributable to shareholders [9]