ZJQY(SH:600210) Shang Hai Zheng Quan Bao·2025-12-30 22:21Summary of Key Points Core Viewpoint - The company, Shanghai Zijiang Enterprise Group Co., Ltd., has announced the provision of guarantees for its wholly-owned subsidiary, Shanghai Zijiang Color Printing Packaging Co., Ltd., to support its operational needs and facilitate bank credit applications. Group 1: Guarantee Overview - The company provided guarantees for its subsidiaries from December 1, 2025, to December 30, 2025, to support their operational development [2] - The total amount of guarantees includes both approved but unused amounts and actual guarantees provided [2] Group 2: Internal Decision Process - The company’s board of directors approved the guarantee amounts for various subsidiaries during a meeting on March 26, 2025, including: - CNY 10 million for Shanghai Zijiang International Trade Co., Ltd. - CNY 25 million for Shanghai Zidan Food Packaging Printing Co., Ltd. - CNY 20 million for Shanghai Ziquan Packaging Co., Ltd. - CNY 30 million for Shanghai Ziri Packaging Co., Ltd. - Additional amounts for other subsidiaries totaling CNY 25 million for Shanghai Zijiang Color Printing [2][3] Group 3: Guarantee Details - The guarantee for Shanghai Zijiang Color Printing Packaging Co., Ltd. includes a specific agreement with Shanghai Rural Commercial Bank, with a guarantee amount of CNY 4 million and a term from December 26, 2025, to October 22, 2026 [5][6] - The guarantee is structured as a joint liability guarantee without any counter-guarantee [6] Group 4: Necessity and Reasonableness of Guarantees - The guarantees are deemed necessary to support the subsidiaries' operational needs, and the amounts are aligned with their actual business requirements [6] - The company has not provided guarantees for subsidiaries with an asset-liability ratio exceeding 70%, indicating a controlled risk environment [6] Group 5: Board Opinion - The board believes that the mutual guarantees among the company and its subsidiaries align with the company's development needs and fall within the authorized guarantee limits [7] Group 6: Cumulative Guarantee Situation - As of the announcement date, the total external guarantees provided by the company and its subsidiaries amount to CNY 2.6 billion, representing 42.19% of the company's latest audited net assets [8] - The balance of guarantees provided to subsidiaries is CNY 593.5 million, accounting for 9.63% of the company's latest audited net assets [8]