Shenda Shares (600626): Provide Guarantee For Wholly Owned Subsidiary Shen Da Import And Export.

Shen Da shares ((600626) announcement, the company signed the highest guarantee contract with the Pudong branch of the Shanghai Pudong Development Bank in August 28, 2019, providing guarantee for the 50 million yuan currency of the wholly owned subsidiary of Shanghai Shen Da import and Export Co., Ltd. to the Qingpu branch of Pudong Development Bank. As of the announcement date, the total external guarantee of the company (excluding guarantees for holding and wholly owned subsidiaries) was 0 yuan, the guarantee balance for the wholly-owned subsidiary was 627 million 243 thousand and 500 yuan, and the guarantee balance for the controlling subsidiary was 1 billion 751 million 970 thousand yuan (the foreign currency amount was converted to RMB by the central parity rate announced by the people's Bank of China in August 28, 2019). The above guarantee balance accounts for 72.29% of the audited net assets of the company at the end of 2018. The above guarantee is not overdue.