Shang Hai Zheng Quan Bao·2025-12-15 20:47Group 1 - The company Shanghai Haixin Group Co., Ltd. has provided a guarantee for its wholly-owned subsidiary, Shanghai Haixin Logistics Co., Ltd., for a fixed asset loan of RMB 20 million from Shanghai Rural Commercial Bank, which will be used for the renovation of its factory [2][4] - The guarantee was approved by the company's board of directors during the eighth meeting of the eleventh session, with a maximum guarantee amount set at RMB 30 million [3][6] - The collateral for the loan is a property located at No. 121, Zhenye Road, Dongjing Town, Songjiang District, Shanghai [5][6] Group 2 - The loan is scheduled for a term from January 12, 2026, to January 11, 2031, and is aimed at meeting the financing needs for the factory renovation, aligning with national policies on urban renewal and industrial upgrading [4][6] - As of the announcement date, the total amount of guarantees provided by the company to its subsidiaries is RMB 143.75 million, which accounts for 3.32% of the company's audited net assets of RMB 4.334 billion for the year 2024, with no overdue guarantees or guarantees involved in litigation [6]