Core Viewpoint - Yunnan Chenggong Investment Co., Ltd. has announced a guarantee of 210 million yuan for its subsidiary Chengdu Yincheng Real Estate Co., Ltd. to support its financing efforts, which aims to reduce financing costs and alleviate debt pressure [1][2]. Summary by Sections Guarantee Details - The guarantee amount provided by the company is 210 million yuan, bringing the total guarantee balance to 616 million yuan [1]. - The company has confirmed that this guarantee is within the previously estimated limits and does not have a counter-guarantee [1]. Cumulative Guarantee Situation - The total amount of external guarantees provided by the company and its subsidiaries is approximately 6.74 billion yuan, which includes guarantees for its subsidiaries but excludes guarantees for homebuyers' staged mortgages [8]. - The total external guarantee amount accounts for 511.46% of the company's most recent audited net assets [8]. Background of the Guarantee - Chengdu Yincheng, a subsidiary in which the company holds a 70% stake, plans to apply for financing of 300 million yuan from Chengdu Rural Commercial Bank for a term of 4 years [2]. - The company will provide a joint liability guarantee based on its shareholding ratio, while Chengdu Yincheng will offer its property as collateral [2][4]. Financial Overview of the Guaranteed Entity - Chengdu Yincheng has total assets of approximately 4.42 billion yuan and total liabilities of about 1.66 billion yuan [4]. - The company reported a net profit of approximately 377 million yuan based on unaudited figures [4]. Board Decision - The decision to provide the guarantee falls within the company's authorized scope for 2025 and does not require further approval from the board or shareholders [5][8].