Sunshine City Group Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions.
Special Risk Warning
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 RMB, 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 RMB, while the amount for those with a debt-to-asset ratio not exceeding 70% is 1.850 billion RMB. The total amount of the three types of guarantees is 71.107 billion RMB, 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% exceeding 50% of the company's latest audited net assets. Apart from the aforementioned three types of guarantees, the company has no other external guarantees. Investors are advised to pay attention.
Overview of Guarantees
(1) Guarantee Situation
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The company's wholly-owned subsidiary, Shaanxi Fuanta Real Estate Co., Ltd. (hereinafter referred to as "Shaanxi Fuanta"), has accepted a financing extension of 1.7568 billion RMB from China Minsheng Bank Co., Ltd. Changsha Branch, with a maximum extension period of 18 months. As a guarantee condition, the company pledges 100% equity of Shaanxi Fuanta and mortgages the construction projects held under Shaanxi Fuanta. The company's holding subsidiary, Beijing Huicheng Real Estate Development Co., Ltd., provides a 100% joint liability guarantee and mortgages land and real estate held under Beijing Huicheng. The company provides a 100% joint liability guarantee for this financing. The guarantee scope includes the principal, interest (including penalty interest and compound interest), default penalties, compensation for damages, and costs incurred by creditors in realizing their claims under the main contract. Other financing conditions remain unchanged. Specific conditions are subject to the actual contracts or agreements signed.
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The company's wholly-owned subsidiary, Shaanxi Shengdehui Real Estate Co., Ltd. (hereinafter referred to as "Shaanxi Shengdehui"), has accepted a financing extension of 588.80 million RMB from China Minsheng Bank Co., Ltd. Changsha Branch, with a maximum extension period of 18 months. As a guarantee condition, the company pledges 100% equity of Shaanxi Shengdehui, and Beijing Huicheng provides a 100% joint liability guarantee and mortgages land and real estate held under Beijing Huicheng. The company provides a 100% joint liability guarantee for this financing. The guarantee scope includes the principal, interest (including penalty interest and compound interest), default penalties, compensation for damages, and costs incurred by creditors in realizing their claims under the main contract. Other financing conditions remain unchanged. Specific conditions are subject to the actual contracts or agreements signed.
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The company holds 99.8602% equity in Suzhou Hongguang Real Estate Development Co., Ltd. (hereinafter referred to as "Suzhou Hongguang"), which has accepted a financing extension of 750 million RMB from Shanghai Bank Co., Ltd. Suzhou Branch, with a maximum extension period of 11 months. As a guarantee condition, Suzhou Huiyou Real Estate Development Co., Ltd., Suzhou Puyang Construction Industry Co., Ltd., and Suzhou Yuyang Real Estate Development Co., Ltd. provide joint liability guarantees, and the company provides a 100% joint liability guarantee for this financing. Other shareholders provide counter-guarantees according to their respective shareholding ratios, and specific guarantee conditions are subject to the actual contracts signed. The guarantee scope includes the principal, interest (including penalty interest and compound interest), default penalties, compensation for damages, and costs incurred by creditors in realizing their claims under the main contract.