Core Viewpoint - Nanshan Holdings announced a guarantee progress update, indicating its subsidiary Nanshan Real Estate has signed a guarantee contract with Zhongkai Finance for a project financing loan of up to 430 million yuan [1] Group 1: Financial Details - The guarantee provided is for the financing loan balance of its wholly-owned subsidiary Changsha Tianchi, which has a debt-to-asset ratio of 91.72% as of August 31 [1] - The guarantee falls within the approved quota of 5.8 billion yuan from the 2024 annual general meeting, leaving a remaining quota of 3.93 billion yuan after this usage [1] - As of the announcement date, the total external guarantees provided by the company and its subsidiaries amount to 32.278 billion yuan, which represents 88.5% of the audited net assets attributable to shareholders for 2024, totaling 36.485 billion yuan [1] Group 2: Guarantee Status - The guarantees to entities outside the consolidated financial statements total 3.768 billion yuan, accounting for 42.59% of the total guarantees [1] - There are no overdue or adverse guarantee situations reported [1]