Shanghai Lily&Beauty (SH:605136) Shang Hai Zheng Quan Bao·2025-12-30 23:17Core Viewpoint - The company, Shanghai Lily & Beauty Cosmetics Co., Ltd., is providing guarantees for its wholly-owned subsidiary, Lily & Beauty (Hong Kong) Limited, to support its e-commerce business expansion on various platforms, with a total guarantee amount of 15 million yuan [1][2]. Group 1: Guarantee Details - The company will issue relevant statements or guarantee letters for the Hong Kong subsidiary's new brand stores and daily operations on major e-commerce platforms, with an estimated guarantee amount of 15 million yuan and a duration until June 30, 2026 [2]. - The company has approved the guarantee amount through its audit committee and board meetings held on August 25, 2025, and subsequently adjusted the guarantee amount due to the Hong Kong subsidiary's asset-liability ratio exceeding 70% [2][3]. Group 2: Progress and Necessity of Guarantee - As of December 2025, the company has not increased or decreased the guarantee amount, maintaining an external guarantee balance of 30,000 yuan, which is a negligible percentage of the company's audited net assets [4][5]. - The necessity of the guarantee is justified as it supports the Hong Kong subsidiary's need to establish new cross-border overseas stores, and the company maintains good control over the subsidiary's credit status [4]. Group 3: Board Opinions and Compliance - The board of directors believes that the guarantees provided are in line with the company's actual situation, comply with relevant laws and regulations, and do not harm the interests of the company or its shareholders, particularly minority shareholders [4].