China Meheco(SH:600056) Shang Hai Zheng Quan Bao·2026-02-27 19:20Core Viewpoint - The company has provided a guarantee of up to 100 million yuan for its subsidiary, Nanhua General, to facilitate its business operations, which is deemed necessary for the subsidiary's development and financial needs [1][4]. Summary by Sections Guarantee Details - The company issued an irrevocable maximum guarantee letter to China Merchants Bank, Nanchang Branch, for Nanhua General to handle commercial bills, letters of credit, and guarantees, with a maximum amount of 100 million yuan [1][2]. - The company holds a 49% stake in Nanhua General, with a voting power of 51%, making it a controlling company [1]. Internal Decision-Making Process - The board of directors approved the guarantee during meetings held on April 24, 2025, and May 16, 2025, with a total guarantee limit for the year 2025 set at 692 million yuan, including the 100 million yuan for Nanhua General [1][5]. Necessity and Reasonableness of the Guarantee - The guarantee is necessary for Nanhua General's business operations, and the company can monitor its financial status and performance. Additionally, minority shareholders of Nanhua General have provided counter-guarantees through equity pledges, making the risk manageable [4]. Board of Directors' Opinion - The board believes that the guarantee aligns with the company's operational needs and will support Nanhua General's funding requirements, ensuring sustainable business development without adverse effects on the company's operations [5]. Cumulative Guarantee Situation - As of the announcement date, the total guarantees provided by the company to its subsidiaries amount to 300 million yuan, which is 2.54% of the company's audited net assets for 2024. The actual outstanding guarantees amount to 18.0715 million yuan, representing 0.15% of the audited net assets for 2024, with no overdue guarantees reported [5].