Gemdale(SH:600383) Shang Hai Zheng Quan Bao·2025-12-01 19:01Core Viewpoint - The company has provided a guarantee for its subsidiary, Shenzhen Jindi Property Management Co., Ltd., to secure a financing amounting to up to RMB 2.5 billion, with a maximum term of three years [2][3]. Group 1: Guarantee Overview - The company signed an irrevocable guarantee agreement with China Merchants Bank for a total credit limit of RMB 250 million for its subsidiary [2]. - The company and its wholly-owned subsidiary Dongguan Jindi Real Estate Investment Co., Ltd. pledged their respective shares of 99.75% and 0.25% in Jindi Property as collateral for the financing [2][3]. - Following a share transfer, the company now holds 100% of Jindi Property's shares and has pledged these shares to the bank, maintaining a 100% collateral ratio [3][6]. Group 2: Internal Decision-Making Process - The company held board meetings and a shareholder meeting in 2025 to authorize the provision of external guarantees, allowing the chairman to approve certain guarantee matters [4]. - The total new guarantee limit authorized is up to RMB 25 billion, effective from the 2024 annual shareholder meeting until the 2025 meeting [4]. Group 3: Guarantee Statistics - As of the announcement date, the company's total external guarantee balance is RMB 18.589 billion, representing 31.49% of the company's audited net assets attributable to shareholders for 2024 [6]. - The company and its subsidiaries have provided guarantees totaling RMB 13.167 billion to other subsidiaries and RMB 5.422 billion to joint ventures and associates, with no overdue guarantees reported [6].