Youngor(SH:600177) Shang Hai Zheng Quan Bao·2025-12-24 21:01Core Viewpoint - The company announced that its subsidiary, Anhui Xinhao Textile Technology Co., Ltd., has signed a comprehensive credit contract with China Minsheng Bank Hefei Branch, with a credit limit of 20 million yuan for one year, and will provide a joint liability guarantee for this credit [1][6]. Group 1: Guarantee Details - The guarantee is provided by Anhui Xinhao Textile Technology Co., Ltd. for its wholly-owned subsidiary, Anhui Xin Material Co., Ltd., to support its operational needs [7]. - The guarantee amount is 20 million yuan, with a guarantee period of three years from the debt performance deadline [6]. - The guarantee covers the principal, interest (including compound interest and penalty interest), default penalties, and costs incurred by the creditor to realize its rights [4][6]. Group 2: Internal Decision-Making Process - The guarantee does not require approval from the company's board of directors or shareholders, as it falls under the category of mutual guarantees among subsidiaries, and the internal review procedures have been completed [2]. Group 3: Cumulative Guarantee Situation - As of the announcement date, the total amount of external guarantees provided by the company and its subsidiaries is 725.54 million yuan, accounting for 1.76% of the latest audited net assets [7]. - The company has provided guarantees to its subsidiaries totaling 45.04 million yuan, which is 0.11% of the latest audited net assets [7]. - There are no overdue guarantees or guarantees involving litigation, and the company has not provided guarantees for shareholders, actual controllers, or their related parties [7].