Black Peony (600510): Announcement To Provide Guarantee For Financing Of Three Subsidiaries

Black Peony (600510) announced in the evening of January 5 that in December 2023, the company signed the Maximum Guarantee Contract with Changzhou Branch of Shanghai Pudong Development Bank Co., Ltd. because the wholly-owned subsidiary of the company, Black Peony Textile, applied for a loan from the bank; As the wholly-owned subsidiary of the company, Black Peony Construction, applied for a loan from the bank, the company signed the Maximum Guarantee Contract with Bank of Beijing Nanjing Branch; As the company's holding subsidiary Bada Road and Bridge applied for a loan from the bank, the company signed the Maximum Guarantee Contract with Huaxia Bank Co., Ltd. Changzhou Branch.

Name of the guaranteed person and whether it is a related person of the listed company:

Black Peony Textile Co., Ltd. (hereinafter referred to as "Black Peony Textile")

Changzhou Black Peony Construction Investment Co., Ltd. (hereinafter referred to as "Black Peony Construction")

Jiangsu Bada Road&Bridge Co., Ltd. (hereinafter referred to as "Bada Road&Bridge")

The guarantee provided by Black Peony (Group) Co., Ltd. (hereinafter referred to as "the Company" or "Black Peony") to Black Peony Textile, Black Peony Construction and Bada Road and Bridge is the guarantee provided to wholly-owned and holding subsidiaries, not affiliated guarantee.

The amount of this guarantee and the balance of the guarantee actually provided for it:

This time, the company provided 30 million yuan of joint liability guarantee for its wholly-owned subsidiary Heimudan Textile, 130 million yuan of joint liability guarantee for its wholly-owned subsidiary Heimudan Construction, and 80 million yuan of joint liability guarantee for its holding subsidiary Bada Road and Bridge. As of the disclosure date of this announcement, the balance of guarantees actually provided by Black Peony for Black Peony Textile is 389.5 million yuan, the balance of guarantees actually provided for Black Peony Construction is 210 million yuan, and the balance of guarantees actually provided for Bada Road and Bridge is 80 million yuan. The accumulated guarantee amount after the implementation of this guarantee is within the guarantee limit approved by the 2022 annual general meeting of shareholders of the company.

Whether there is counter guarantee for this guarantee: as for the guarantee provided by the company to the secondary holding subsidiary Bada Road and Bridge, other natural person shareholders of Bada Road and Bridge pledged their respective equity in Bada Road and Bridge to Changzhou Heimudan Real Estate Co., Ltd. (hereinafter referred to as "Heimudan Real Estate"), a wholly-owned subsidiary of the company, as the counter guarantee for the company's guarantee.

Accumulated amount of overdue external guarantees: none

Special risk tip: The guaranteed object of this time, Black Peony Textile, has an asset liability ratio of more than 70% at the end of the latest period. Please pay attention to the relevant risks.