Core Viewpoint - Xinjiang Guannong Co., Ltd. has announced the provision of guarantees for its subsidiaries, totaling 87 million yuan for Xinjiang Yintong Cotton Industry Co., Ltd. and 43 million yuan for Bazhou Guannong Cotton Industry Co., Ltd. The guarantees are within the previously approved limits and include counter-guarantees for part of the amounts [1][2][6]. Summary by Sections Guarantee Details - The total guarantee amount for Xinjiang Yintong Cotton Industry Co., Ltd. is 87 million yuan, with a total guarantee balance of 123 million yuan [1]. - The total guarantee amount for Bazhou Guannong Cotton Industry Co., Ltd. is 43 million yuan, with a total guarantee balance of 281 million yuan [1]. - The company has provided a counter-guarantee of 84 million yuan for part of the guarantee to Xinjiang Yintong Cotton Industry [1][4]. Cumulative Guarantee Situation - The total external guarantees provided by the company and its subsidiaries amount to 3.432 billion yuan, which represents 95.54% of the company's audited net assets as of the end of 2024 [6]. - The current external guarantee balance is 1.14 billion yuan, accounting for 31.75% of the company's audited net assets as of the end of 2024 [6]. Necessity and Reasonableness of Guarantees - The guarantees are intended to support the daily operational needs of the subsidiaries, facilitating their business development and achieving the company's overall operational goals [6]. - The company maintains control over the management and significant decisions of the guaranteed parties, ensuring that the operational status is normal and the risks are manageable [6]. Internal Decision-Making Process - The guarantees fall within the limits approved by the shareholders' meeting, and no further board or shareholder approval is required for these guarantees [2][6]. Financial Overview of Guaranteed Parties - Xinjiang Yintong Cotton Industry Co., Ltd. has total assets of approximately 1.11 billion yuan and total liabilities of about 975.76 million yuan as of March 31, 2025 [3]. - Bazhou Guannong Cotton Industry Co., Ltd. has total assets of approximately 487 million yuan and total liabilities of about 375.66 million yuan as of March 31, 2025 [3].