广东飞南资源利用股份有限公司 关于为全资子公司江西飞南、广西飞南提供担保的公告

Summary of Key Points Core Viewpoint The company, Guangdong Feinan Resource Utilization Co., Ltd., has approved a guarantee limit of up to RMB 5 billion for its subsidiaries in 2025, which includes various forms of guarantees to support their financing needs [1][2]. Group 1: Guarantee Overview - The company will provide guarantees for certain subsidiaries within the consolidated financial statements, with a total guarantee limit not exceeding RMB 50 billion for 2025 [1]. - Guarantees will be categorized based on the subsidiaries' debt-to-asset ratios: up to RMB 4 billion for subsidiaries with a debt-to-asset ratio above 70% and up to RMB 1 billion for those below 70% [1]. - The guarantees can take various forms, including credit guarantees, mortgage guarantees, and pledge guarantees [1]. Group 2: Guarantee Progress - The company has signed a maximum guarantee contract with China Bank for a total of RMB 150 million for Jiangxi Feinan and RMB 100 million for Guangxi Feinan [2]. - Additionally, a guarantee contract with Industrial Bank for RMB 50 million has been established for Guangxi Feinan [2]. - The guarantee periods for these contracts are set for three years from the debt performance deadline [2]. Group 3: Basic Information of Guaranteed Subsidiaries - Jiangxi Feinan: - Registered capital of RMB 10 million, established on November 22, 2007, and fully owned by the company [4]. - Engages in environmental technology and waste disposal [4]. - Guangxi Feinan: - Registered capital of RMB 27.9 million, established on January 2, 2018, and also fully owned by the company [5]. - Focuses on industrial waste disposal and metal processing [5]. Group 4: Contract Details - The maximum guarantee amount for Jiangxi Feinan is RMB 150 million, covering principal, interest, penalties, and other related costs [7][8]. - The maximum guarantee amount for Guangxi Feinan with China Bank is RMB 100 million, with similar coverage as Jiangxi Feinan [10][11]. - The guarantee with Industrial Bank has a maximum limit of RMB 50 million, also covering all associated costs [13][16]. Group 5: Total Guarantee and Financial Health - As of the announcement, the total guarantee amount by the company and its subsidiaries is RMB 16.52 billion, which is 34.18% of the net assets attributable to ordinary shareholders for 2024 [18]. - There are no overdue guarantees or guarantees involved in litigation [18].