MILKYWAY(SH:603713) 2 1 Shi Ji Jing Ji Bao Dao·2025-11-14 09:18Core Viewpoint - The company has signed contracts with Jiangsu Bank and Bank of China to provide guarantees for its subsidiaries, indicating a strategic move to secure financial support for its logistics operations [1] Group 1: Guarantee Agreements - The company has entered into a contract with Jiangsu Bank Shanghai Branch to provide a guarantee of up to RMB 100 million for its wholly-owned subsidiary, Shanghai Milky Way Chemical Logistics Co., Ltd [1] - Additionally, a contract has been signed with Bank of China Zhenjiang Branch to provide a guarantee of up to RMB 80 million for its wholly-owned subsidiary, Zhenjiang Baohua Logistics Co., Ltd [1] Group 2: Financial Implications - After accounting for the guarantees that have been fulfilled, the total external guarantee balance for the company and its subsidiaries stands at RMB 478.81 million [1] - The total amount of external guarantees represents 110.89% of the most recent audited net assets of the company [1] - There are instances where the guarantee recipients have a debt-to-asset ratio exceeding 70% [1] Group 3: Risk Management - The company has no overdue guarantees, indicating effective risk management practices in its financial dealings [1]