KINGSUN SHARE(SZ:002638) Shang Hai Zheng Quan Bao·2025-03-27 19:26Summary of Key Points Core Viewpoint - Dongguan Qunshang Optoelectronics Co., Ltd. is providing guarantees and collateral for its wholly-owned subsidiary to secure a credit line of RMB 200 million from Shanghai Pudong Development Bank [2][3]. Group 1: Guarantee Overview - The company is providing a joint liability guarantee and collateral using its own real estate for the subsidiary's credit application [2]. - The guarantee does not involve related party transactions and is within the approved external guarantee limit of RMB 800 million for 2024 [3]. Group 2: Approval Process - The board of directors and the annual general meeting approved the guarantee and credit application on April 18 and May 13, 2024, respectively [3]. - The total guarantee amount approved for the company and its subsidiaries is capped at RMB 800 million, with the chairman authorized to handle the specific business and guarantee procedures [3]. Group 3: Subsidiary Information - Qunshang Optoelectronics was established on October 30, 2014, with a registered capital of RMB 11 million [4]. - The subsidiary's business includes the production and sale of semiconductor lighting products and related technologies [4]. - As of December 31, 2023, the subsidiary reported total assets of approximately RMB 1.41 billion, total liabilities of approximately RMB 496.72 million, and a net loss of approximately RMB 111.47 million for the year [5]. Group 4: Collateral Details - The collateral agreement specifies a maximum debt amount of RMB 120 million, with a guarantee period extending three years beyond the main debt's maturity [6]. - The guarantee covers not only the principal debt but also interest, penalties, and other related costs [8]. Group 5: Current Guarantee Status - As of the announcement date, the company's total external guarantees amount to RMB 200 million, representing 7.94% of the latest audited net assets of approximately RMB 2.52 billion [9].