JQSY(SH:600212) Shang Hai Zheng Quan Bao·2025-12-09 19:02Core Viewpoint - The company has provided various guarantees for its wholly-owned subsidiary, Xi'an subsidiary, to support its financing needs, totaling 106,815 million RMB, which is 209.86% of the company's latest audited net assets [7]. Group 1: Guarantee Details - On November 21, 2025, the company signed a guarantee contract with Bank of Communications Shaanxi Branch, providing a joint liability guarantee of 54.25 million RMB for the Xi'an subsidiary's bank acceptance bill business [2]. - On November 28, 2025, the company signed an irrevocable maximum guarantee with China Merchants Bank Xi'an Branch, providing a joint liability guarantee of 50 million RMB for the subsidiary's comprehensive credit business [2]. - On December 2, 2025, the company signed a maximum guarantee contract with China Minsheng Bank Xi'an Branch, providing a joint liability guarantee of 150 million RMB for the subsidiary's comprehensive credit business [2]. - On December 9, 2025, the company signed a maximum guarantee contract with China Everbright Bank Shanghai Huamu Branch, providing a joint liability guarantee of 65 million RMB for the subsidiary's comprehensive credit business [2]. Group 2: Internal Decision-Making Process - The guarantees were approved by the company's 26th meeting of the 11th Board of Directors and the 2024 annual general meeting, which discussed the financing credit limit and guarantees for the Xi'an subsidiary [3]. - The total credit limit for guarantees provided to the Xi'an subsidiary (including its wholly-owned subsidiaries) is capped at 1.2 billion RMB [3]. Group 3: Necessity and Reasonableness of Guarantees - The guarantees are aimed at meeting the business development needs of the Xi'an subsidiary, aligning with the company's overall development strategy and enhancing overall efficiency [6]. - The company maintains effective control over the operational risks and decision-making of the subsidiary, allowing for timely monitoring of its credit status, thus keeping the guarantee risks within a controllable range [6]. Group 4: Cumulative Guarantee Situation - As of the announcement date, the total guarantees provided to the Xi'an subsidiary (including its wholly-owned subsidiaries) amount to 106,815 million RMB, with no overdue guarantees reported [7].