GRANDJOY(SZ:000031) Shang Hai Zheng Quan Bao·2026-01-09 21:12Shareholding Change - The major shareholder, Taiping Life Insurance Co., Ltd., reduced its stake in the company by 26,629,800 shares, representing 0.62% of the total share capital, from 6.61% to 5.99% [1][2] Guarantee Situation - Chongqing Zeyue Industrial Co., Ltd., a subsidiary of the company, applied for a loan of 570 million yuan from Postal Savings Bank, with a term of 15 years, to replace existing project development loans [5] - The company’s subsidiary, Deyue City Real Estate Co., Ltd., provided a joint liability guarantee for the loan, covering 100% of the equity [5][8] Financial Overview of Chongqing Zeyue - As of December 31, 2024, Chongqing Zeyue had total assets of approximately 8.43 billion yuan and total liabilities of about 7.87 billion yuan, resulting in a net asset of approximately 552.67 million yuan [7] - For the year 2024, the company reported a total revenue of approximately 40.28 million yuan, with a net loss of about 352.63 million yuan [7] Guarantee Agreement Details - The guarantee provided by Deyue City Real Estate is for a maximum amount of 570 million yuan, with a guarantee period of three years after the loan contract's debt performance period expires [8] Company’s Opinion on Guarantee - The company believes that the guarantee for its wholly-owned subsidiary is necessary for project operations and business development, asserting that the financial risks are controllable and that the guarantee complies with relevant laws and regulations [9]