Gree Real Estate Co.Ltd(600185) it is estimated that the total amount of new guarantees for holding subsidiaries this year will not exceed 18.5 billion yuan

On January 25, Gree Real Estate Co.Ltd(600185) (hereinafter referred to as ” Gree Real Estate Co.Ltd(600185) “) announced that Gree Real Estate Co.Ltd(600185) is expected to add no more than RMB 18.5 billion to its holding companies in 2022.

The announcement shows that the guarantors of the above guarantees are subordinate holding companies within the scope of Gree Real Estate Co.Ltd(600185) consolidated statements, including Zhuhai Gree Real Estate Co., Ltd., Sanya Union Construction Development Co., Ltd., Zhuhai Hongwan Central Fishing Port Development Co., Ltd., Shanghai Haikong Baolian Real Estate Co., Ltd., Chongqing Liangjiang New Area Gree Real Estate Co.Ltd(600185) Co., Ltd., Zhuhai Gree building materials Co., Ltd., etc.

As of December 31, 2021, Gree Real Estate Co.Ltd(600185) has actually guaranteed 13.822 billion yuan to its holding companies, accounting for 164.10% of the company’s latest audited net assets. As of January 25, 2022, Gree Real Estate Co.Ltd(600185) has no overdue guarantee.

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