ECEC(SZ:002199) Zheng Quan Zhi Xing·2025-03-24 14:12Overview - The company, Zhejiang Dongjing Electronics Co., Ltd., announced a plan to provide a guarantee of up to 200 million RMB for its wholly-owned subsidiary, Dongjing Jinhua Co., Ltd., to support its business development [1][2]. Guarantee Details - The guarantee will cover various types of principal debts, including financing and contractual debts, and may include credit guarantees, mortgage guarantees, pledge guarantees, or a combination of these methods [1]. - As of the announcement date, the total guarantee balance provided by the company to its subsidiaries is 131.8 million RMB [2]. Financial Performance of the Subsidiary - For the fiscal year 2024, the audited revenue of Dongjing Jinhua is reported at 278.63 million RMB, showing an increase from 217.42 million RMB in 2023 [3][4]. - The total assets of Dongjing Jinhua as of December 31, 2024, are 615.15 million RMB, compared to 604.38 million RMB in 2023 [4]. Board of Directors' Opinion - The board believes that the company can control the operational management risks of its subsidiary and that the financial risks associated with the guarantee are manageable and will not affect the company's normal operations [5]. - The board has agreed to provide the guarantee and has requested authorization from the shareholders' meeting for the chairman or authorized personnel to handle all related procedures and sign relevant documents within the specified limit and timeframe [5]. Cumulative Guarantee Amount - As of the announcement date, the cumulative guarantee amount by the company and its subsidiaries is 131.8 million RMB, which accounts for 57.34% of the company's most recent audited net assets [5].