Shenda Shares ((600626): Guarantee For Shenda Import And Export

Shenda Co., Ltd. (600626) announced on the evening of January 17 that the company signed the maximum guarantee contract with Shanghai Branch of Bank of China Limited (hereinafter referred to as "Shanghai Branch of Bank of China" and "bank") on January 17, 2022, To provide joint and several liability guarantee for the 270 million short-term working capital loan line of the RMB 390 million comprehensive credit line applied by the wholly-owned subsidiary Shanghai Shenda import and Export Co., Ltd. (hereinafter referred to as "Shenda import and export") to BOC Shanghai Branch.

At the 15th meeting of the 10th board of directors held on April 27, 2021, and the 2020 annual general meeting of shareholders held on June 21, 2021, Shenda shares deliberated and passed the proposal on the company providing guarantee for its subordinate enterprises in 2021, and agreed that the company should be wholly-owned by the subsidiary The holding and actual controlling enterprises provide bank loans or comprehensive credit guarantee with a total balance of no more than 3 billion yuan. Among them: guarantee for its wholly-owned subsidiary is no more than 400 million yuan; Guarantee no more than 2.6 billion yuan for holding subsidiaries and actual controlled enterprises. The guarantee is within the expected scope of the above 400 million yuan.