Sinocat(688737) 上海证券报·2025-03-27 19:20Core Viewpoint - The company has announced its external guarantee plan for 2024, providing guarantees to its wholly-owned subsidiaries to support their project financing needs [1][3]. Group 1: Guarantee Details - The company has provided a guarantee of 24 million yuan for its subsidiary, Sichuan Zhongzi Future Energy Co., Ltd., and a guarantee of 200 million yuan for Sichuan Zhongzi Composite Materials Co., Ltd., with both amounts included in the total guarantee balance [1][3]. - The guarantees are aimed at supporting the construction funding needs of the subsidiaries, specifically for replacing shareholder loans related to energy storage projects and for the establishment of a manufacturing base for complex high-performance composite materials [3][4]. Group 2: Internal Decision-Making Process - The guarantees were approved in the company's third board meeting and the third extraordinary shareholders' meeting, allowing for a total external guarantee limit of up to 1.05 billion yuan for 2024 [4][5]. - The approved guarantee limits for the subsidiaries are 200 million yuan for Zhongzi Future and 250 million yuan for Zhongzi Composite, effective until the next annual shareholders' meeting [4][5]. Group 3: Financial Overview - As of the announcement date, the total external guarantee amount provided by the company is 224 million yuan, which accounts for 11.90% of the company's audited net assets for 2023, with no overdue guarantees reported [6].