000671SZSE

Progress Announcement on Providing Guarantees for Subsidiaries

ST Sunshine City Co., Ltd.··4 pages

✨ AI Summary

This announcement details the progress of Sunshine City Group Co., Ltd. in providing guarantees for its subsidiaries. The total guarantee amount reached 711.07 billion yuan, exceeding the net assets of the parent company. The company has authorized management to handle guarantees within specified limits, ensuring compliance with shareholder approvals.

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Full Translation

AI Translation· azure_openai

Sunshine City Group Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.

Special Risk Reminder
As of now, the actual amount of guarantees provided by Sunshine City Group Co., Ltd. and its holding subsidiaries for affiliated companies is 10.685 billion yuan, accounting for 204.70% of the latest audited consolidated net assets attributable to the parent company. The actual amount of guarantees provided for holding subsidiaries with a debt-to-asset ratio exceeding 70% is 58.572 billion yuan, while the amount for those with a debt-to-asset ratio not exceeding 70% is 1.850 billion yuan. The total amount of the three types of guarantees is 71.107 billion yuan, exceeding 100% of the latest audited consolidated net assets attributable to the parent company, with guarantees for units with a debt-to-asset ratio exceeding 70% surpassing 50% of the latest audited net assets of the company. Apart from the aforementioned three types of guarantees, the company has no other external guarantees. Investors are advised to pay attention.

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