Overview of Guarantee Situation - The company plans to provide new external guarantees for the year 2025, with a total expected amount not exceeding RMB 1.18 billion, including guarantees for subsidiaries with an asset-liability ratio exceeding 70% amounting to RMB 850 million and those not exceeding 70% amounting to RMB 330 million [3] Details of the Guarantee Agreement - The wholly-owned subsidiary, Shanghai Guanyinxiang Cultural Technology Co., Ltd., intends to apply for a maximum credit limit of RMB 10 million from Beijing Bank, with the company providing a joint liability guarantee of up to RMB 20 million [4][7] - The subsidiary, Xiangyuan Real Estate Development Co., Ltd., will provide mortgage guarantees for the credit application, with a maximum debt amount of RMB 20 million [4][7] Financial Indicators of the Guaranteed Entity - As of the announcement date, Shanghai Guanyinxiang has an asset-liability ratio exceeding 70%, but there are no significant matters affecting its debt repayment ability, and its credit status is good [6] Board of Directors' Opinion - The board believes that the guarantees are necessary to meet the funding needs for project development and daily operations of the subsidiaries, and that Shanghai Guanyinxiang has a good credit status and repayment ability, thus no counter-guarantee is required [7] Cumulative External Guarantee Amount - After this guarantee, the total guarantee amount provided by the company and its subsidiaries will be RMB 1.095 billion, with the total balance of external guarantees being RMB 724.2954 million, accounting for 16.13% of the company's latest audited net assets [8]
三湘印象股份有限公司关于为子公司提供担保的公告