远大产业控股股份有限公司 关于为子公司提供担保及子公司互相提供担保的进展公告

Summary of Key Points Core Viewpoint The company, Yuanda Industrial Holdings Co., Ltd., has provided guarantees for its subsidiaries to secure bank credit, with a total guarantee amount exceeding 1.2 billion yuan, which raises concerns regarding its financial leverage and risk exposure. Group 1: Guarantee Overview - The company and its wholly-owned subsidiary, Yuanda Material Group Co., Ltd., have signed contracts with banks to provide guarantees for credit applications by subsidiaries, with a total guarantee amount not exceeding 120 million yuan [3]. - Specific guarantees include 20 million yuan for Zhejiang Xinjing Import and Export Co., Ltd. from China Construction Bank and 50 million yuan for Yuanda Oil Chemical Co., Ltd. from Jiangsu Bank [3][22]. Group 2: Financial Performance of Subsidiaries - Yuanda Material achieved a revenue of 85.53 million yuan and a net profit of 11.18 million yuan for the year 2024, with total assets of 642.27 million yuan and liabilities of 444.26 million yuan as of December 31, 2024 [8]. - Yuanda Oil Chemical reported a revenue of 30.65 million yuan and a net profit of 8.14 million yuan for 2024, with total assets of 89.27 million yuan and liabilities of 69.52 million yuan as of December 31, 2024 [11]. - Zhejiang Xinjing reported a revenue of 2.61 million yuan and a net profit of 2.47 million yuan for 2024, with total assets of 74.86 million yuan and liabilities of 65.23 million yuan as of December 31, 2024 [14]. Group 3: Guarantee Amounts and Ratios - After the current guarantees, the total amount of external guarantees by the company and its subsidiaries is 1.061786 billion yuan, which is 451.88% of the company's audited net assets for 2024 [22]. - The financial institution credit guarantee amount is 1.061786 billion yuan, with an actual usage balance of 330.454 million yuan as of the end of the third quarter of 2025 [22]. Group 4: Corporate Governance and Risk Management - The board of directors has approved the guarantee arrangements, stating that they support the subsidiaries' business development and are in the interest of the company and its shareholders [22]. - The company maintains control over its subsidiaries' management and decision-making, ensuring effective oversight of their operations [22].