RTGF(SZ:002440) Shang Hai Zheng Quan Bao·2025-12-09 19:57Summary of Key Points Core Viewpoint - Zhejiang Runtou Co., Ltd. has announced the provision of guarantees for its subsidiaries and holding subsidiaries, with a total guarantee amount not exceeding RMB 119 million for the year 2025, including a specific guarantee of RMB 20 million for Yorkshires (Zhejiang) Dyeing and Chemical Co., Ltd. [2] Group 1: Guarantee Overview - The company held its seventh board meeting on April 26, 2025, and the 2024 annual general meeting on May 23, 2025, where the proposal to provide guarantees was approved [2] - The company signed a maximum guarantee contract with Industrial and Commercial Bank of China (ICBC) for a maximum amount of RMB 18 million for Yorkshires Zhejiang [2][6] Group 2: Guarantee Details - The total amount of guarantees provided and the cumulative guarantees are within the approved limits, thus no further board or shareholder approval is required [3] - The guarantee is a joint liability guarantee, covering various financial agreements between ICBC and the debtor, Yorkshires Zhejiang, from December 9, 2025, to December 9, 2026 [6] Group 3: Financial Status of the Guaranteed Entity - Yorkshires Zhejiang has a registered capital of USD 4.05 million and operates in the dye manufacturing and sales sector [4] - As of December 31, 2024, the total assets of Yorkshires Zhejiang were RMB 87.01 million, with total liabilities of RMB 15.64 million, resulting in a net asset of RMB 71.37 million and a debt-to-asset ratio of 17.97% [4] - As of September 30, 2025, the total assets increased to RMB 92.54 million, with total liabilities of RMB 15.99 million, net assets of RMB 76.55 million, and a debt-to-asset ratio of 17.28% [5] Group 4: Cumulative Guarantee and Status - As of the announcement date, the total guarantees by the company and its subsidiaries amounted to RMB 48.20 million, with an actual guarantee balance of RMB 30.49 million, representing 3.26% of the latest audited equity attributable to the parent company [7] - There are no overdue guarantees reported by the company or its subsidiaries [7]