Core Viewpoint - Guanghui Logistics announced a trust financing application of 500 million yuan to Jingu Trust for operational development needs [1] Group 1: Financing Details - The controlling shareholder, Guanghui Group, will provide a pledge of part of its shares in the company as collateral and joint liability guarantee [1] - Fully-owned subsidiary Sichuan Shuxin and controlling subsidiary Huirun Xingjiang will provide mortgage guarantees [1] - Sichuan Shuxin and related party Wancai Investment will pledge 60% and 40% of their holdings in Huirun Xingjiang, respectively, as collateral [1] Group 2: Approval and Current Guarantees - The guarantee matters have been approved in relevant meetings, and the new 500 million yuan guarantee will be adjusted from the existing guarantee quota for the Hongnao Railway [1] - As of the announcement date, the company and its controlling subsidiaries have a total external guarantee balance of 2.753 billion yuan, which accounts for 39.47% of the most recent audited net assets attributable to the parent company, with no overdue guarantees reported [1]

Group 1 - The company held its 44th meeting of the 10th Board of Directors on May 15, 2025, via telecommunication voting, with all 11 directors participating [2] - The Board approved a proposal to apply for trust financing from Western Trust Co., Ltd., with a total amount not exceeding 310 million yuan, aimed at funding compliant project development [2] - The financing period is set for a maximum of 27 months, with certain commercial properties and parking spaces provided as collateral for the financing [2]