CMSK(SZ:001979) Xin Lang Cai Jing·2025-12-23 20:11Summary of Key Points Core Viewpoint - The company is providing a guarantee for a loan of RMB 1.2 billion to its subsidiary, Wuhan Zhaocheng Real Estate Co., Ltd., to support project development, with a guarantee amount not exceeding RMB 600 million [1][5]. Group 1: Guarantee Overview - The company’s subsidiary, Wuhan Zhaocheng Real Estate Co., Ltd., is applying for a loan of RMB 1.2 billion from a banking syndicate [1]. - The company plans to provide a joint liability guarantee for 50% of the loan, amounting to a maximum of RMB 600 million, for a period of three years [1][5]. Group 2: Financial Capacity and Previous Approvals - The company has approved a total guarantee limit of RMB 31.6 billion for its subsidiaries, with a remaining balance of RMB 22.699 billion after this guarantee [2]. - The company has a specific limit of RMB 15 billion for subsidiaries with an asset-liability ratio exceeding 70%, with a remaining balance of RMB 9.052 billion [2]. Group 3: Subsidiary Information - Wuhan Zhaocheng Real Estate Co., Ltd. was established in December 2020 with a registered capital of RMB 2 billion and is 50% owned by the company [3]. - The subsidiary's total assets as of December 31, 2024, were RMB 6.778 billion, with total liabilities of RMB 2.581 billion and a net asset of RMB 4.198 billion [4]. Group 4: Company’s Perspective - The company believes that providing this guarantee will facilitate the operational development of its subsidiary and that the associated risks are manageable [6].