HKHC(SH:600162) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-11-15 23:12Core Points - The company provides a guarantee for its subsidiary, Panyu Jinjiang Company, to support its development needs by securing a loan of up to RMB 204 million from China Merchants Bank [1][3][19] - The total guarantee limit for the company and its subsidiaries for the year 2025 is set at RMB 3.22 billion, with specific conditions for the use of this guarantee [2][20] - The company has already provided a total of RMB 57.45 million in guarantees this year, which is within the approved limit [3][20] Guarantee Details - The guarantee is for a loan amount of RMB 400 million, specifically for the development of certain real estate projects [7][10] - The loan has a term of 60 months, starting from November 1, 2025, to October 31, 2030 [8] - The guarantee includes a joint liability for the principal amount and associated costs, with a guarantee period extending three years beyond the loan maturity [10][11] Subsidiary Information - Panyu Jinjiang Company is not listed as a dishonest entity, indicating a stable operational status [4] - The company maintains control over its subsidiary's operations and management, ensuring that the risks associated with the guarantee are manageable [18][19] Board Opinions - The board believes that providing this guarantee is beneficial for the subsidiary's ongoing development and aligns with the interests of the company and its shareholders [19] - The financial health of Panyu Jinjiang Company is deemed sufficient to meet its debt obligations, supporting the rationale for the guarantee [19] Cumulative Guarantee Status - As of the announcement date, the total external guarantees provided by the company and its subsidiaries amount to RMB 2.09 billion, representing 35.48% of the company's audited net assets for 2024 [20]