QiaoYin(SZ:002973) Shang Hai Zheng Quan Bao·2025-11-27 19:03Summary of Key Points Core Viewpoint - The company, Qiaoyin City Management Co., Ltd., has announced adjustments to its guarantee limits and progress regarding its financing activities, specifically related to its wholly-owned subsidiaries [2][4]. Group 1: Guarantee Situation Overview - The company plans to provide a guarantee limit of 1.07 billion yuan for its subsidiaries, effective from the date of approval at the 2024 annual shareholders' meeting until the 2025 annual shareholders' meeting [2]. - The guarantee limit can be adjusted among subsidiaries based on their asset-liability ratios, allowing for internal allocation of the guarantee amounts [2]. Group 2: Adjustment of Guarantee Limits - The company has transferred an unused guarantee limit of 20 million yuan from its subsidiary, Hohhot Qiaoyin City Environmental Management Co., Ltd., to another subsidiary, Beihai Qiaoyin City Environmental Service Co., Ltd. [3]. - After the adjustment, Hohhot Qiaoyin's available guarantee limit decreases from 50 million yuan to 30 million yuan, while Beihai Qiaoyin's limit increases to 50 million yuan [3]. Group 3: Guarantee Progress - Beihai Qiaoyin intends to sign a factoring business contract with Guangxi Guangtou Commercial Factoring Co., Ltd., seeking financing of up to 50 million yuan for a period not exceeding 24 months [4]. - The company will provide a joint liability guarantee for this financing without charging any guarantee fees, maintaining a remaining guarantee limit of 933.188 million yuan after this transaction [4]. Group 4: Basic Information of the Transaction Parties - Guangxi Guangtou Commercial Factoring Co., Ltd. is a limited liability company established on January 13, 2021, with no related party relationship with the company [6][7]. - Beihai Qiaoyin, established on January 25, 2022, has a registered capital of 2 million yuan and is not a defaulting entity [8]. Group 5: Main Contract Contents - The guarantee period for the factoring contract is three years from the debt performance deadline, with the guarantee covering all debts under the contract [11]. - The company believes that this guarantee will enhance the financing channels for its subsidiary without negatively impacting its daily operations or shareholder interests [11]. Group 6: Cumulative Guarantee Amounts - As of the announcement date, the total external guarantee balance provided by the company and its subsidiaries is 1.9300715 billion yuan, accounting for 79.25% of the audited net assets for 2024 [12]. - There are no overdue guarantees or guarantees involving litigation against the company [12].