Silvery Dragon Prestressed Materials (SH:603969) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-12-20 06:25Core Viewpoint - The company has provided a guarantee of RMB 10 million for its wholly-owned subsidiary, Silver Dragon Technology, to secure financing from Guangfa Bank, with no counter-guarantee involved [1][4]. Group 1: Guarantee Details - The guarantee amount is RMB 10 million, and it is a joint liability guarantee [4]. - The guarantee period lasts for three years from the expiration of the debtor's obligation, with provisions for early performance and extension agreements [2][4]. - The guarantee covers all principal debts, interest, penalties, and associated costs incurred in enforcing the debt [5]. Group 2: Necessity and Reasonableness of the Guarantee - The guarantee is deemed necessary for the daily operations and business development of Silver Dragon Technology, which is a wholly-owned subsidiary [5]. - The company maintains control over the subsidiary's operations and credit status, ensuring that the risks are manageable and do not adversely affect shareholder interests [5]. Group 3: Cumulative Guarantee Situation - As of now, the company has provided a total of RMB 509.5 million in guarantees to its subsidiaries, representing 20.64% of the latest audited net assets [5]. - Guarantees provided to subsidiaries with an asset-liability ratio above 70% total RMB 309.5 million, accounting for 12.54% of the latest audited net assets [5]. - There are no overdue guarantees reported by the company [5].