300459SZSE
🚨 Material Event

Announcement on Providing Guarantees for Loans of Wholly-Owned Subsidiary

✨ AI Summary

Zhejiang Jinke Tom Cat Cultural Industry Co., Ltd. plans to provide guarantees for a loan of up to $5.084 million for its wholly-owned subsidiary, United Luck Group Holdings Limited. The board approved the guarantee with unanimous support. The total guarantee amount is expected to exceed 174.92% of the company's latest audited net assets, raising potential risks for investors.

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Full Translation

AI Translation· azure_openai

Zhejiang Jinke Tom Cat Cultural Industry Co., Ltd. (hereinafter referred to as "the Company" or "the Listed 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 major omissions.

Special Risk Warning:

  1. After the implementation of this guarantee, the total amount of guarantees provided by Zhejiang Jinke Tom Cat Cultural Industry Co., Ltd. and its controlling subsidiaries is expected to account for 174.92% of the company's latest audited net assets. The guarantee balance for units with a debt ratio exceeding 70% is expected to account for 151.52% of the company's latest audited net assets, and the guarantee balance for entities outside the consolidated financial statements is expected to account for 89.86% of the company's latest audited net assets. Investors are advised to pay close attention to the guarantee risks.
  2. The guarantee is intended for a loan application by the wholly-owned subsidiary United Luck Group Holdings Limited (hereinafter referred to as "United Luck"), which falls within the scope of the consolidated financial statements of the listed company. This guarantee does not involve providing guarantees for entities outside the listed company system.

I. Overview of the Guarantee

(1) Basic Information of the Guarantee
According to the overall financing arrangement of the listed company and the daily operational funding needs, the wholly-owned subsidiary United Luck plans to apply for a loan from CITIC Bank (International) Limited (hereinafter referred to as "CITIC International") for an amount not exceeding $5.084 million, with a loan term of no more than three years. The company and some subsidiaries intend to provide guarantees for the aforementioned loan, covering the principal and interest as well as related payables. The guarantee period will start from the date of signing the guarantee contract (inclusive) and will last until three years after the maturity of the guaranteed debt (inclusive). The guarantee methods include but are not limited to credit guarantees from the company and some subsidiaries, equity pledges, and asset pledges. Specifics will be subject to the final signed guarantee and loan agreements.

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