Summary of Key Points Core Viewpoint - Nanjing Shenghang Shipping Co., Ltd. has provided a guarantee for its subsidiary Shenghang Haoyuan (Shenzhen) Shipping Co., Ltd. for a credit application, with a total guarantee limit of RMB 30 million for the year 2025 [2][3]. Group 1: Guarantee Situation Overview - The company approved a guarantee limit of up to RMB 30 million for Shenghang Haoyuan's credit needs during the 2025 fiscal year, which includes various forms of credit such as loans and bank guarantees [2]. - The guarantee is valid from the date of approval until the next annual shareholders' meeting in 2025, and it can be reused within this period [2]. Group 2: Guarantee Progress - Recently, the company provided a joint liability guarantee for a fixed asset loan of RMB 60 million to Shenghang Haoyuan from Shanghai Bank Shenzhen Branch, with the principal amount of the guarantee being RMB 46.99896 million [3][4]. - After this guarantee, the total guarantee balance for Shenghang Haoyuan is RMB 101.83108 million, with an unused guarantee limit of RMB 198.16892 million [3]. Group 3: Guarantee Agreement Details - The main content of the guarantee agreement includes a principal debt amount of RMB 46.99896 million, with a guarantee period extending from November 24, 2025, to November 4, 2030 [5][6]. - The company will bear joint liability for the debt based on its shareholding ratio of 78.3316%, covering principal, interest, penalties, and other related costs [5][6]. Group 4: Total Guarantee Amount and Status - As of the announcement date, the total guarantee amount provided by the company and its subsidiaries is RMB 400 million, with the actual guarantees totaling RMB 106.68608 million, representing 5.16% of the latest audited net assets [8]. - There are no overdue guarantees or legal issues related to the guarantees provided by the company and its subsidiaries [8]. Group 5: Litigation Update - The company is involved in a lawsuit due to a collision incident with Siam City Cement (Vietnam) Limited, which has led to damages at a port in Vietnam [10]. - The court has recently agreed to suspend the case to encourage negotiation and settlement between the parties involved [11]. - The company has insurance coverage for the incident, with a deductible of USD 8,000, meaning that any compensation exceeding this amount will be covered by the insurance [11].