The company and all members of the board guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions.
Special Risk Warning
As of now, Sunshine City Group Co., Ltd. (hereinafter referred to as "the Company") and its controlling subsidiaries have provided guarantees for affiliated companies amounting to 10.685 billion yuan, accounting for 204.70% of the latest audited consolidated net assets attributable to the parent company. The actual guarantee amount for controlling subsidiaries with a debt-to-asset ratio exceeding 70% is 58.572 billion yuan, while for those not exceeding 70%, it is 1.850 billion yuan. The total amount of these 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 company's latest audited net assets. Apart from the aforementioned guarantees, the company has no other external guarantees. Investors are advised to pay attention.
1. Overview of Guarantees
(1) Guarantee Situation
The company intends to accept a financing extension of 609 million yuan from China Minsheng Bank Co., Ltd. Fuzhou Branch (hereinafter referred to as "Minsheng Bank Fuzhou Branch"), with a term not exceeding 20 months. The company agrees to provide guarantees under the following conditions: the company will pledge its 85% equity in Wuhan Xun Si He Zhi Guang Real Estate Co., Ltd., 98.2% equity in Zhejiang Zhengneng Guang Real Estate Development Co., Ltd., 100% equity in Zhejiang Wuchan Liangzhu Yuan Guang Real Estate Development Co., Ltd., 38.11% equity in Chengdu Zhejiang Zhongda Real Estate Co., Ltd., 85% equity in Sichuan Siyuan Guang Real Estate Development Co., Ltd., 60% equity in Zhongda Real Estate Group Nanchang Shengma Real Estate Co., Ltd., 90% equity in Nanchang Zhongda Real Estate Co., Ltd., 100% equity in Ningbo International Automobile City Development Co., Ltd., 50% equity in Hangzhou Zhongda Shengma Real Estate Co., Ltd., 98.2% equity in Zhongda Real Estate Group Shangyu Co., Ltd., 85% equity in Wuhan Zhongda Shili Real Estate Development Co., Ltd., and 70% equity in Zhongda Real Estate Group Nanchang Co., Ltd., as well as the 30% equity held by its subsidiary Nanchang Zhongda Real Estate Co., Ltd. in Zhongda Real Estate Group Nanchang Shengma Real Estate Co., Ltd. as collateral. The subsidiaries and affiliated companies, including Chengdu Zhejiang Zhongda Real Estate Co., Ltd., Hangzhou Fuyang Biyuan Guang Hotel Management Co., Ltd., Hangzhou Fuyang Bishuiyuan Real Estate Co., Ltd., Zhejiang Wuchan Liangzhu Yuan Guang Real Estate Development Co., Ltd., Zhejiang Zhengneng Guang Real Estate Development Co., Ltd., Zhongda Real Estate Group Nanchang Co., Ltd., Wuhan Zhongda Shili Real Estate Development Co., Ltd., and Zhongda Real Estate Group Shangyu Co., Ltd., will provide joint liability guarantees for this transaction.