Core Viewpoint - The company announced that its wholly-owned subsidiary, Liaoning Chengda Medical Service Management Co., Ltd., will provide a guarantee for a loan application by its associated company, Chengda Hospital, to improve cash flow and reduce financial costs [2][3]. Group 1: Guarantee Details - Chengda Hospital plans to apply for a fixed asset loan of 370 million yuan from Dalian Bank to replace existing loans and a comprehensive credit line of 30 million yuan, totaling 400 million yuan [2]. - Chengda Medical will provide a guarantee of 60 million yuan based on its 15% equity stake in Chengda Hospital, using joint liability guarantee and equity pledge as the guarantee methods [2][3]. - Other shareholders will also provide guarantees according to their respective equity stakes, and Chengda Hospital will use its land use rights and buildings as collateral for the loan [2][3]. Group 2: Internal Decision-Making Process - The guarantee matter has been approved by the company's board of directors and independent directors in their respective meetings [4][9]. - The proposal will be submitted for approval at the company's shareholders' meeting [5]. Group 3: Credit Status and Necessity of Guarantee - Chengda Hospital has a good credit status and is not classified as a dishonest executor [7]. - The guarantee is deemed necessary and reasonable to support Chengda Hospital's business development needs, with no harm to the interests of the company or its shareholders [7][8]. Group 4: Board and Independent Directors' Opinions - Independent directors agree that the guarantee will not affect the company's independence and will not harm the interests of shareholders, especially minority shareholders [8]. - The board of directors has unanimously approved the proposal to provide the guarantee [9].

Group 1 - Company Liaoning Chengda announced that its subsidiary Xinjiang Baoming Mining has obtained mining licenses for oil shale in two areas, Wujiawan and Mutasi, in Xinjiang [1] - The company has confirmed the value of the mining rights based on resource value assessments, and will increase its investment in Xinjiang Baoming without additional cash input, maintaining a debt balance of 4.593 billion yuan after the capital increase [1] - Following the capital increase, the company's equity stake in Xinjiang Baoming will rise from 60.5% to 62%, while the profit-sharing ratio remains unchanged at 62% [1] Group 2 - For the year 2024, Liaoning Chengda's revenue composition is projected to be 84.87% from import and export trade, 14.85% from biopharmaceuticals, and 0.28% from other sources [2] - The current market capitalization of Liaoning Chengda is 20 billion yuan [3]

Overview - The company is increasing its investment in its subsidiary, Xinjiang Baoming Mining Co., Ltd., through a debt-to-equity conversion, without injecting new cash [1][4][9] Investment Details - The investment is based on the assessed value of oil shale resources in the Wujiawan and Mutasi mining areas, which have obtained mining licenses [1][3] - The assessed value of the oil shale resources in these areas is approximately RMB 202,920 million [3][8] - The company holds a debt of RMB 3,040,946,715 against Xinjiang Baoming, which will be converted into equity [4][9] Financial Impact - Prior to the investment, the company's debt to Xinjiang Baoming was RMB 76.34 billion, which will reduce to RMB 45.93 billion post-investment [1][9] - The company's equity stake in Xinjiang Baoming will increase from 60.5% to 62% after the investment [1][5][9] - The investment is expected to optimize Xinjiang Baoming's capital structure and reduce its debt costs [9] Approval Process - The investment has been approved by the company's board of directors and does not require shareholder approval as it does not constitute a major asset restructuring [6][9] Subsidiary Performance - As of June 30, 2025, Xinjiang Baoming reported total assets of RMB 255,538.15 million and a net asset deficit of RMB 540,217.74 million [6] - For the first half of 2025, Xinjiang Baoming generated revenue of RMB 133.06 million but incurred a net loss of RMB 32,517.24 million [6] Future Considerations - The company is working to attract strategic investors to further support Xinjiang Baoming's financial situation and project development [9][12] - The development of the Wujiawan and Mutasi mining areas is expected to take a long time and requires significant investment [9][12]