Zhejiang Wansheng (SH:603010) Shang Hai Zheng Quan Bao·2026-01-21 20:10Core Viewpoint - Zhejiang Wansheng Co., Ltd. has provided a guarantee of RMB 225 million for its wholly-owned subsidiary, Shandong Wansheng New Materials Co., Ltd., to support its operational needs and ensure smooth business activities [1][4]. Group 1: Guarantee Details - The guarantee was formalized through a contract with China Construction Bank's Weifang Binhai Branch on January 21, 2026 [1]. - The guarantee covers the principal debt amount of RMB 225 million, including interest and other payable fees [2][4]. - The guarantee period extends for three years from the signing of the main contract until the debt is fulfilled [2]. Group 2: Internal Decision-Making Process - The board of directors approved the guarantee during the 27th meeting of the fifth board on November 10, 2025, and it was ratified at the third extraordinary shareholders' meeting on November 26, 2025 [2]. - The company plans to provide a total guarantee limit of up to RMB 2 billion or equivalent foreign currency for its subsidiaries in 2026 [2]. Group 3: Risk Assessment and Control - The board believes that the guarantee is reasonable and necessary, as the company has a comprehensive understanding of the subsidiary's operations and creditworthiness [4]. - The total external guarantees provided by the company and its subsidiaries amount to RMB 1.38685 billion, representing 38.12% of the latest audited net assets, all of which are for subsidiaries [4].