GRAND HOLDING(SZ:000626) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2026-02-04 22:47Summary of Key Points Core Viewpoint - The company has provided a guarantee for its wholly-owned subsidiary, Yuanda Crop Science (Shaanxi) Co., Ltd., to apply for credit from a bank, which is expected to support its business development and improve financing channels [3][9]. Group 1: Guarantee Overview - The company signed a contract with Bank of Communications, Weinan Branch, to provide a guarantee for a credit application by its subsidiary, with a maximum guarantee amount of 6 million yuan [3][8]. - The guarantee falls within the estimated limit approved by the board and does not require further review [4]. Group 2: Financial Performance of the Subsidiary - Yuanda Crop Science (Shaanxi) achieved a sales revenue of 157.47 million yuan and a net profit of 13.04 million yuan in 2024 [6]. - For the first nine months of 2025, the subsidiary reported a sales revenue of 137.83 million yuan and a net profit of 18.12 million yuan [6]. Group 3: Guarantee Agreement Details - The guarantee is a joint liability guarantee, with the guarantee period calculated based on the main contract's debt performance deadlines [7]. - The guarantee covers all principal debts, interest, penalties, and costs associated with enforcing the debt [7]. Group 4: Board's Opinion on the Guarantee - The board believes that the guarantee will help the subsidiary expand its financing options and reduce financial costs, aligning with the interests of the company and its shareholders [9]. - The subsidiary is currently in good operational condition and has the ability to repay the debts [9]. Group 5: Total Guarantee Amount - After this guarantee, the total amount of guarantees provided by the company and its subsidiaries is 1,060.986 million yuan, which is 451.54% of the company's audited net assets for 2024 [9].