Shang Hai Zheng Quan Bao·2025-12-24 20:20Group 1 - The company has signed a maximum guarantee contract with China Everbright Bank for a total guarantee amount of RMB 10 million for its wholly-owned subsidiary, Qingdao Kangdian Animal Pharmaceutical Co., Ltd. [1][5] - The guarantee was approved by the company's board of directors on April 25, 2025, and subsequently by the annual shareholders' meeting on May 16, 2025 [2][6] - The guarantee covers all debts, including principal, interest, penalties, and other related costs incurred by the subsidiary [3][5] Group 2 - The necessity of the guarantee is justified as it supports the subsidiary's business development and operational needs, aligning with the company's overall interests and strategic development [6] - The subsidiary has a debt-to-asset ratio below 70%, allowing the company to effectively control operational risks and decision-making [6] - As of the announcement date, the total amount of external guarantees provided by the company and its subsidiaries is RMB 1.2302 billion, which accounts for 70.79% of the audited net assets attributable to shareholders as of December 31, 2024 [6][7]