ZBD(SH:603567) Shang Hai Zheng Quan Bao·2025-12-05 20:14Core Viewpoint - The company plans to provide a guarantee of up to RMB 400 million for its wholly-owned subsidiary, Bozhou Trading Center, to meet its bank financing needs, with the guarantee valid until the annual shareholders' meeting in 2025 [1][4]. Summary by Sections Guarantee Details - The company will provide a joint liability guarantee for Bozhou Trading Center's bank financing needs, totaling no more than RMB 400 million [1]. - The guarantee's effective period is from the approval date by the board until the 2025 annual shareholders' meeting [1]. Internal Decision-Making Process - The board of directors convened on December 5, 2025, to approve the guarantee proposal, which received majority support from the directors present [2]. - The proposal did not require shareholder meeting approval as it did not meet the threshold for such a review [2]. Basic Situation of the Guaranteed Party - As of the announcement date, Bozhou Trading Center has no significant issues affecting its debt repayment ability and is not classified as a dishonest executor [3]. Necessity and Reasonableness of the Guarantee - The guarantee is deemed necessary to support Bozhou Trading Center's operational needs, with the company maintaining good control over its subsidiary's credit status [4]. - The board believes the risks associated with the guarantee are manageable, and Bozhou Trading Center has sufficient capacity to repay its debts [4]. Cumulative Guarantee Situation - As of the announcement date, the company has a total external guarantee amount of RMB 1.755 billion, which is 22.50% of its latest audited net assets [4]. - The total guarantee for wholly-owned subsidiaries is RMB 1.555 billion, accounting for 19.93% of the latest audited net assets, while guarantees for joint ventures total RMB 200 million, or 2.56% of net assets [4]. - The company has not provided guarantees for controlling shareholders or related parties and has no overdue guarantees [4].