Zhejiang Longsheng(SH:600352) Shang Hai Zheng Quan Bao·2025-12-25 19:22Core Viewpoint - The company Zhejiang Longsheng Group Co., Ltd. has announced a guarantee for its subsidiary, Desida Singapore, to facilitate financing with Hangzhou Bank, indicating a strategic move to support its subsidiary's operations and manage financial risks effectively [1][10]. Group 1: Guarantee Details - The company has signed a pledge contract with Hangzhou Bank to provide joint liability guarantees for Desida Singapore's financing needs, with no counter-guarantee involved [1][2]. - The total guarantee amount for the subsidiary is included within the overall guarantee limit approved for the year 2025, thus not requiring separate board or shareholder meetings for approval [2][5]. - As of December 25, 2025, the company has a total guarantee balance of RMB 917,668.79 million, which represents 26.77% of the company's net assets as of the end of 2024 [14]. Group 2: Internal Decision-Making Process - The board of directors approved the guarantee limits for subsidiaries during meetings held on April 11, 2025, and May 30, 2025, with unanimous support [1][13]. - The company has the authority to adjust guarantee limits among subsidiaries with an asset-liability ratio below 70%, optimizing the use of available guarantees [5]. Group 3: Necessity and Reasonableness of the Guarantee - The guarantee is deemed necessary and reasonable as the company maintains control over the subsidiary and assesses its ability to repay debts, ensuring that the guarantee aligns with the subsidiary's liquidity needs [10].