Zhejiang Longsheng(SH:600352) Shang Hai Zheng Quan Bao·2025-11-13 18:37Core Viewpoint - Zhejiang Longsheng Group Co., Ltd. has announced the provision of guarantees for its wholly-owned subsidiaries to facilitate their business operations, with the total guarantee amount included within the company's annual limit for subsidiary guarantees [1][2]. Group 1: Guarantee Details - The company has signed maximum guarantee contracts with financial institutions for its subsidiaries, including Zhejiang Dye Chemical, Zhejiang Hongsheng, Zhejiang Anno, Zhejiang Keyong, and Shaoxing Jinguang, to support their applications for comprehensive credit [1][2]. - The total guarantee amount for the subsidiaries is part of the company's overall guarantee limit for the year 2025, and no separate board or shareholder meeting is required for these guarantees [2][28]. - As of November 12, 2025, the estimated guarantee amounts for the subsidiaries are as follows: Zhejiang Dye Chemical - RMB 121 million, Zhejiang Hongsheng - RMB 275 million, Zhejiang Anno - RMB 143 million, Zhejiang Keyong - RMB 55 million, and Shaoxing Jinguang - RMB 200 million [9][14][18][22][27]. Group 2: Internal Decision-Making Process - The company held board meetings on April 11, 2025, and May 30, 2025, to approve the guarantee limits for its subsidiaries, with unanimous support from the board members [1][28]. - The board's decision was based on a careful assessment of the subsidiaries' ability to repay their debts, ensuring that the guarantees align with the normal business operations of the subsidiaries and do not adversely affect shareholder interests [27][28]. Group 3: Overall Guarantee Situation - As of November 12, 2025, the total external guarantees provided by the company amount to RMB 8.56 billion, which represents 24.97% of the company's audited net assets as of the end of 2024 [28]. - The company has not provided guarantees for its controlling shareholders or related parties, and there are no overdue guarantees reported [28].