Xinhua Department Store plans ¥1 billion inter-company guarantees

** Yinchuan Xinhua Department Store Commercial Group (SSE:600785) announced plans for mutual guarantees between the company and its subsidiaries up to a total of ¥1 billion in 2025. The guarantees will support bank loans, with individual guarantees capped at ¥300 million for entities with a debt-to-asset ratio above 70% and ¥700 million for those below. The board of directors has approved the plan, but it is still subject to shareholder approval at the upcoming Extraordinary General Meeting. These guarantees will be valid for 12 months after approval. The move aims to support business growth and is deemed to be in the best interest of the company and its shareholders.