SDHS(SH:600350) Shang Hai Zheng Quan Bao·2025-12-01 19:40Core Viewpoint - Shandong High-Speed Co., Ltd. has provided a guarantee of 50 million RMB for its wholly-owned subsidiary, Shandong Shunguang Industrial Development Co., Ltd., to support its daily operations and business development needs [1][3]. Summary by Sections Guarantee Details - The guarantee was signed on November 21, 2025, with a maximum amount of 50 million RMB and a duration extending until the maturity date of the loans or financing, plus an additional two years [1][5]. - The guarantee covers the principal balance of loans and other credit, including related interest, penalties, and other fees, with no counter-guarantee involved [1][5]. Internal Decision-Making Process - The company’s board approved the guarantee at the 71st meeting of the sixth board on April 2, 2025, and at the annual shareholders' meeting on June 6, 2025, allowing for a total guarantee limit of 5.292 billion RMB for the year 2025 [2][6]. - The specific limit for the guarantee to Shandong Shunguang Industrial Development Co., Ltd. is set at 5 million RMB [2]. Current Guarantee Status - As of the announcement date, the total guarantee balance for Shandong Shunguang Industrial Development Co., Ltd. is 5 million RMB, with no available guarantee balance remaining [3][6]. Necessity and Reasonableness of the Guarantee - The guarantee aligns with the business development needs of the company and is deemed beneficial for normal operations, with no harm to the interests of the company or its shareholders [5][6]. Board Opinion - The board has confirmed that the guarantee amount is within the approved limit and that the credit status of the guaranteed party is good, indicating manageable risk [6][7]. Cumulative Guarantee Information - As of the announcement date, the total approved external guarantees amount to 18.302 billion RMB, with 18.226 billion RMB provided to subsidiaries, representing 42.28% and 42.10% of the latest audited net assets, respectively [6].