RUNNER(SH:603408) Zheng Quan Zhi Xing·2025-04-01 08:24Core Viewpoint - The company is providing a guarantee of up to $420,000 for its wholly-owned subsidiary, MEXIRUNNER INDUSTRIAL MEXICO S DE RL DE CV, to support its real estate lease agreement in Mexico, aligning with its internationalization strategy and enhancing its competitive edge [1][2][4]. Summary by Sections Guarantee Overview - The guarantee amount does not exceed $420,000, with a current balance of zero for the guarantee provided. The guarantee period lasts from the date of issuance until the completion of the lease agreement, not exceeding 40 months [1][2]. - The guarantee does not have a counter-guarantee and there are no overdue guarantees [1]. Guarantee Decision Process - The guarantee was approved by the company's board of directors during a meeting on April 1, 2025, and does not require shareholder approval as it falls within the board's authority [2]. Basic Information of the Guaranteed Party - MEXIRUNNER INDUSTRIAL MEXICO S DE RL DE CV has not yet commenced formal operations [2]. Main Content of the Guarantee Agreement - The company or its subsidiary will provide a performance guarantee for the real estate lease agreement, ensuring the subsidiary's compliance with the lease terms. The guarantee amount is capped at $420,000, corresponding to the rental amount [2]. Necessity and Reasonableness of the Guarantee - The guarantee aligns with the company's international strategy and supports the establishment of overseas production operations, enhancing market expansion and the company's global presence. The company maintains control over the subsidiary's operations and financial status, making the guarantee risk manageable [2][4]. Board of Directors' Opinion - The guarantee is beneficial for the timely construction of facilities for the subsidiary, supporting its operational activities and aligning with the company's long-term strategic interests. The company has full control over the subsidiary, ensuring that the guarantee does not adversely affect its financial condition or shareholder interests [4]. Cumulative External Guarantee Amount - As of the announcement date, the total external guarantees provided by the company and its subsidiaries amount to 150 million RMB and $420,000, all for its wholly-owned subsidiaries, representing 4.94% of the company's latest audited net assets, with no overdue guarantees [4].