Guangyu Group: Provides guarantee for 8 million loan transfer for subsidiaries within the authorized limit.
Guangyu Group issues announcement on progress of guarantee provided to its holding subsidiary. The company offers joint liability guarantee for the 8 million yuan one-year term loan for its holding subsidiary Guangyu Jiuxi at the Qingchun branch of Bank of China, with minority shareholders of Guangyu Jiuxi providing counter-guarantee according to their contribution ratio. This guarantee does not involve related-party transactions or major asset restructuring. Within the authorized limit of 1.8 billion yuan at the first extraordinary shareholders' meeting in 2025, 0.08 billion yuan has been used in this instance, leaving 1.284 billion yuan remaining. Guangyu Jiuxi was founded in 2017, with total assets of 30.8292 million yuan as of March 31, 2025.
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