Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-11-29 00:03Group 1 - The company Zhejiang Zhongbang Industrial Development Co., Ltd. has signed a maximum guarantee contract with Ningbo Bank Co., Ltd. Hangzhou Branch to provide a guarantee of 100 million yuan for its subsidiary Yong'an Ruimeng [1][2] - After this guarantee, the total amount of guarantees provided by Zhongbang Company for Yong'an Capital Management Co., Ltd. and its subsidiaries will reach 5.233 billion yuan, including this new guarantee [1][3] - The guarantee is within the approved limit and scope of the guaranteed parties as per the 2024 annual shareholders' meeting, ensuring no harm to the company and shareholders, especially minority shareholders [1][2] Group 2 - The internal decision-making process involved the fourth board meeting on April 22, 2025, and the 2024 annual shareholders' meeting on May 20, 2025, which approved an increase in the guarantee limit to 8 billion yuan [1][2] - The guarantee agreement specifies that the guarantor is Zhejiang Zhongbang Industrial Development Co., Ltd., and the guarantee covers principal, interest, overdue interest, penalties, and all related costs [2][3] - The guarantee period is set for two years after the debt performance deadline, with specific conditions for different types of financial instruments [3] Group 3 - The necessity and reasonableness of the guarantee are justified by the operational needs of Yong'an Ruimeng, ensuring stable business development and aligning with the company's overall interests and strategic goals [3] - As of the announcement date, the total external guarantees provided by the company and its subsidiaries amount to 5.233 billion yuan, which is 40.86% of the latest audited net assets attributable to shareholders [3]