SGC(SH:603269) Shang Hai Zheng Quan Bao·2026-01-08 19:11Core Viewpoint - The company, Jiangsu Seagull Cooling Tower Co., Ltd., is providing guarantees for its subsidiaries to secure credit facilities from China Merchants Bank, which is essential for their operational needs and aligns with the company's overall development strategy [2][11]. Group 1: Guarantee Overview - The company is providing a guarantee for its wholly-owned subsidiary, Changzhou Jintan Jino Water Treatment Co., Ltd., with a maximum limit of RMB 10 million [2][7]. - The company is also guaranteeing its wholly-owned subsidiary, Jiangsu Ocean Cooling Equipment Co., Ltd., with a maximum limit of RMB 20 million [3][8]. - Additionally, the company is providing a guarantee for its controlling subsidiary, Shanghai Taicheng Industrial Equipment Co., Ltd., with a maximum limit of RMB 10 million [4][9]. Group 2: Internal Decision-Making Process - The board of directors approved the proposal for the company and its subsidiaries to apply for comprehensive credit limits and provide guarantees during meetings held on April 27, 2025, and May 20, 2025 [5][12]. Group 3: Guarantee Necessity and Reasonableness - The guarantees are deemed necessary to support the subsidiaries' production and business development, which is beneficial for the overall interests and strategic development of the company [11]. Group 4: Cumulative Guarantee Situation - As of now, the total amount of guarantees provided by the company and its subsidiaries is approximately RMB 275.36 million, accounting for 26.44% of the company's audited net assets attributable to shareholders as of December 31, 2024 [13]. - The guarantees for wholly-owned subsidiaries total approximately RMB 259.01 million, representing 24.87% of the same net assets [13]. - There are no overdue guarantee matters reported [14].