Core Viewpoint - The company is providing a guarantee for its controlling shareholder, Chongqing Construction Investment Holding Co., Ltd., to apply for a credit limit from financial institutions, with a total guarantee amount not exceeding 790 million yuan [1][2] Summary by Sections Guarantee Overview - The guarantee amount for Chongqing Construction Holding is up to 790 million yuan, with the company currently having provided no guarantees to the shareholder or its subsidiaries [1][2] - The guarantee will be backed by a counter-guarantee from wholly-owned subsidiaries of Chongqing Construction Holding [2] Internal Decision-Making Process - The board of directors approved the guarantee with a unanimous vote, excluding related directors from voting, and the independent directors and audit committee also reviewed and approved the transaction [2][7] Basic Information of the Guaranteed Party - Chongqing Construction Holding is the controlling shareholder, holding 44.40% of the company's shares, and is not listed as a dishonest executor [3][4] Financial Situation of the Guaranteed Party - As of December 31, 2024, Chongqing Construction Holding had total assets of 8.842 billion yuan and a net profit of -593 million yuan for the year [4] - As of March 31, 2025, the unaudited net profit was -48 million yuan [4] Main Content of the Guarantee Agreement - The guarantee includes joint liability, mortgage, or pledge guarantees, covering principal, interest, penalties, and all related costs [4][5] Necessity and Reasonableness of the Guarantee - The guarantee is deemed necessary as Chongqing Construction Holding is operating normally and has the ability to repay debts, with a history of providing substantial guarantees to the company [5][7] Board of Directors' Opinion - The independent directors unanimously agreed that the guarantee is in line with mutual development principles and does not harm the interests of the company or minority shareholders [7] Cumulative External Guarantee and Overdue Guarantees - As of March 31, 2025, the company had provided guarantees totaling 5.549 billion yuan to its subsidiaries, with no overdue guarantees reported [8]