NBSS(SH:600884) Shang Hai Zheng Quan Bao·2025-12-01 19:16Summary of Key Points Core Viewpoint - The company, Ningbo Shanshan Co., Ltd., has announced its decision to provide guarantees for its subsidiary, Sichuan Shanshan New Materials Co., Ltd., to support its financing needs for daily operations [1][2]. Group 1: Guarantee Details - The company will provide a joint liability guarantee for loans amounting to 100 million RMB and 20 million RMB from Chengdu Bank for its subsidiary [1]. - As of October 31, 2025, the total amount of guarantees provided by the company and its subsidiaries is 1,806,033.36 million RMB, which represents 83.68% of the net assets attributable to the shareholders of the listed company [7]. Group 2: Internal Decision-Making Process - The decision to provide guarantees was approved at the annual shareholders' meeting held on May 16, 2025, allowing the company to provide guarantees within a specified limit until the next annual shareholders' meeting [2]. - The board of directors unanimously agreed on April 24, 2025, to provide the guarantees, considering the controllable risk and the operational needs of the subsidiary [7]. Group 3: Financial Health of the Guaranteed Entity - The company is confident in the financial health and creditworthiness of the subsidiary, which is currently performing well and has the ability to repay its debts [4].