Core Points - The company has provided a guarantee for its wholly-owned subsidiary, Northern Book City, to secure bank credit for its subsidiary, Material Company, and its subsidiaries, totaling 50 million yuan [2][6] - The total guarantee amount approved by the company's 2024 annual general meeting is 580 million yuan, with a one-year term [11][12] - As of the announcement date, the company and its subsidiaries have a remaining guarantee balance of 170 million yuan [3][13] Guarantee Details - The guarantee for Material Company and its subsidiaries is structured as a joint liability guarantee, covering principal, interest, and other payable fees [7][8] - The guarantee period is three years from the maturity of the debt [7][8] - The specific amounts guaranteed for the subsidiaries are 40 million yuan for Liaoning Wenda Paper Industry and 10 million yuan for Liaoning Wenda Printing Material [7] Necessity and Reasonableness of Guarantee - The guarantee is deemed necessary to support the operational liquidity of Material Company and its subsidiaries, facilitating market expansion and business growth [9][10] - The subsidiaries are currently operating normally and have a strong debt repayment capability [10] Cumulative Guarantee Situation - The total external guarantee amount provided by the company and its subsidiaries is 580 million yuan, with 180 million yuan specifically for its subsidiaries, representing 22.26% and 6.90% of the company's latest audited net assets, respectively [13]