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, Sunshine City Group Co., Ltd. and its holding subsidiaries have provided guarantees for affiliated companies amounting to 10.685 billion yuan, accounting for 204.70% of the most recent audited consolidated net assets attributable to the parent company. The actual amount of guarantees provided by the Company and its holding subsidiaries for holding subsidiaries with a debt ratio exceeding 70% is 58.572 billion yuan, while the amount for those with a debt 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 most recent audited consolidated net assets attributable to the parent company, with guarantees for units with a debt ratio exceeding 70% surpassing 50% of the Company's most recent audited net assets. Apart from the aforementioned three types of guarantees, the Company has no other external guarantees. Investors are advised to pay attention.
1. Overview of Guarantees
(1) Guarantee Situation
- The Company holds 100% equity in Kunming Tongying Real Estate Development Co., Ltd. (hereinafter referred to as "Kunming Tongying Real Estate"), which has received a financing extension of 2.27 billion yuan from China Minsheng Bank Co., Ltd. Kunming Branch (hereinafter referred to as "Minsheng Bank Kunming Branch") for a period not exceeding 36 months. As a condition for the guarantee, certain construction projects under Kunming Tongying Real Estate will be mortgaged, and 65% of its equity will be pledged. The Company provides a 100% joint liability guarantee for this financing extension, covering the principal, interest (including penalties and compound interest), default penalties, damages, and costs incurred by the creditor in realizing the debt. The guarantee contract has not yet been signed, and specific guarantee conditions will be subject to the actual contract signed.
- The Company holds a 30% equity stake in Chongqing Yuanpu Real Estate Development Co., Ltd. (hereinafter referred to as "Chongqing Yuanpu"), which has accepted a debt extension of 920 million yuan from China Orient Asset Management Co., Ltd. Chongqing Branch for a period not exceeding 36 months. As a condition for the guarantee, certain lands under Chongqing Yuanpu will be mortgaged, and the Company and other shareholders will provide joint liability guarantees for this debt according to their equity ratios, with the Company providing a joint liability guarantee of 276 million yuan for Chongqing Yuanpu.