Group 1 - The company Nanjing Gaoke Co., Ltd. announced that its subsidiary Ningyan Real Estate applied for a loan of 1.67 billion yuan from China Bank to meet its operational funding needs [2] - Nanjing Gaoke's subsidiary, Gaoke Real Estate, which holds a 90% stake, will provide a guarantee of 989.85 million yuan for Ningyan Real Estate's loan, covering principal, interest, and related fees [2][3] - The board of directors approved the financial support for subsidiaries, allowing Gaoke Real Estate to provide guarantees up to 1.4 billion yuan until June 30, 2026 [3][4] Group 2 - Ningyan Real Estate is developing the Jiangyue Hall project, which has a total area of 97,100 square meters and an estimated total investment of 3.6 billion yuan, making it a key project for the company [5] - The board believes that the guarantee will support Ningyan Real Estate's operational funding needs and aligns with the company's overall development strategy [7] - As of the announcement date, the total external guarantees provided by the company amounted to 4.5 billion yuan, representing 23.93% of the latest audited net assets, with no overdue guarantees reported [7]

Summary of Key Points Core Viewpoint - Nanjing Gaoke Co., Ltd. has announced a guarantee of 986.985 million yuan for its subsidiary, Nanjing Ningyan Real Estate Co., Ltd., to support its loan application and ensure the project's funding needs are met [1][2]. Group 1: Guarantee Details - The guarantee amount provided by Nanjing Gaoke's subsidiary, Nanjing Gaoke Real Estate Co., Ltd., is 986.985 million yuan, covering the principal, interest, and other related fees of the loan [2][4]. - The guarantee is within the previously approved limit and does not require further board or shareholder approval [2][5]. - The total external guarantee amount, including this guarantee, is 4.5 billion yuan, which is 23.93% of the company's latest audited net assets [5]. Group 2: Financial and Operational Context - Nanjing Ningyan Real Estate Co., Ltd. has a total debt of 2.1139 billion yuan and a net asset of 177.96 million yuan, indicating a challenging financial position [4]. - The company is primarily engaged in the development of the Jiangyue Hall project, which is a significant undertaking with a total investment of approximately 3.6 billion yuan [4]. - The board believes that providing this guarantee is essential for ensuring the normal operation and funding needs of Nanjing Ningyan Real Estate, aligning with the company's overall development strategy [4][5].