CMSK to guarantee CNY 270m for Xiamen Xihaiwan

China Merchants Shekou Industrial Zone Holdings (CMSK) [SZSE:001979] announced it will provide a guarantee for a loan taken out by its subsidiary, Xiamen Xihaiwan Cruise City Investment Co., Ltd. The guarantee covers 60% of a CNY 450 million loan obtained by Xiamen Xihaiwan from Xiamen Bank, totaling a principal amount not exceeding CNY 270 million. The guarantee period extends three years beyond the loan's maturity date. This decision falls within the scope of previously approved guarantee limits of CNY 46.7 billion. As of the announcement date, the total outstanding guarantees provided by CMSK and its subsidiaries amounted to CNY 39.096 billion, representing 35.22% of the company's latest audited net assets attributable to shareholders of the parent company.