Xinlaifu: Intends to provide a guarantee amount of up to 30 million yuan for its subsidiary.
Guangzhou Xinlaifu announced that the company held the fifteenth meeting of the second board of directors on December 3, 2025, and approved the proposal to provide a guarantee amount of up to 30 million yuan to its subsidiary, Ningbo Xinlaifu, without the need for approval from the shareholders' meeting. Ningbo Xinlaifu is a wholly-owned subsidiary of the company with a 100% shareholding. The subsidiary was established on August 18, 2025, and has not yet started formal operation. As of October 31, 2025, its total assets were 19.9786 million yuan, with no liabilities. The subsidiary had zero revenue from January to October 2025, with a net loss of -21,400 yuan. The guarantee amount accounts for 1.38% of the most recent net assets of the listed company, with an authorization period of 12 months from the date of approval by the board of directors.
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