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 Warning
As of now, the actual amount of guarantees provided by Sunshine City Group Co., Ltd. and its controlling 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 controlling subsidiaries with a debt ratio exceeding 70% is 58.572 billion yuan, while for those not exceeding 70%, it is 1.850 billion yuan. The total amount of guarantees in these three categories 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 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.
Overview of Guarantees
(1) Guarantee Situations
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The Company holds a 51% equity stake in Guangxi Tangyao Investment Co., Ltd. (hereinafter referred to as "Guangxi Tangyao Investment"), which has accepted a financing extension of 91.19 million yuan from the Nanning Branch of Shanghai Pudong Development Bank (hereinafter referred to as "SPDB Nanning Branch") for a period not exceeding 18 months. As a guarantee condition, Guangxi Tangyao Investment provides a mortgage on its land and construction projects, and the Company provides a 51% joint liability guarantee for this financing, covering the principal, interest (including penalty interest and compound interest), default penalties, damages, and costs incurred by creditors in realizing their claims, with specific guarantee conditions subject to the actual signed contract.
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The Company holds a 100% equity stake in Huaji Construction Engineering Group Co., Ltd. (hereinafter referred to as "Huaji Construction"), which has accepted a financing extension of 360 million yuan from the Shanghai Branch of Industrial Bank for a period not exceeding 7 months. As a guarantee condition, the Company's wholly-owned subsidiary Fuzhou Kangjia Real Estate Development Co., Ltd. provides a mortgage on its properties, and other wholly-owned subsidiaries provide mortgages on their respective properties. The Company provides a 100% joint liability guarantee for this financing, covering the principal, interest (including penalty interest and compound interest), default penalties, damages, and costs incurred by creditors in realizing their claims, with specific guarantee conditions subject to the actual signed contract.
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The Company holds a 100% equity stake in Changsha Zhongfan Real Estate Co., Ltd. (hereinafter referred to as "Zhongfan Real Estate"), which has accepted a financing extension of 431 million yuan from the Changsha Branch of Zhejiang Commercial Bank for a period not exceeding 15 months. As a guarantee condition, the Company's wholly-owned subsidiary Changsha Xiangkun Real Estate Development Co., Ltd. provides a mortgage on its land, and Zhongfan Real Estate provides a mortgage on its construction projects and a pledge on parking space income rights. The Company provides a 100% joint liability guarantee for this financing, with specific guarantee conditions subject to the actual signed contract.
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The Company holds a 50% equity stake in Qionglai Ximingguang Real Estate Development Co., Ltd. (hereinafter referred to as "Qionglai Ximingguang Real Estate"), which has accepted a financing extension of 130 million yuan from the Chengdu Branch of Leshan Commercial Bank for a period not exceeding 18 months. As a guarantee condition, Qionglai Ximingguang Real Estate provides a mortgage on its land and part of its construction projects, and Sichuan Zhenxu Real Estate Co., Ltd. provides a pledge on its 100% equity stake in Qionglai Ximingguang. The Company provides a 100% joint liability guarantee for this financing, with specific guarantee conditions subject to the actual signed contract, and Qionglai Ximingguang provides counter-guarantees to the Company.