ASIA CUANON(SH:603378) Zheng Quan Zhi Xing·2025-04-01 08:24Summary of Key Points Core Viewpoint - The announcement details the new guarantees provided by Asia Creative Technology (Shanghai) Co., Ltd. and its wholly-owned subsidiaries, totaling various amounts to support their operational and financial needs in March 2025 [1][2]. Group 1: Guarantee Details - The total new guarantee amounts are as follows: - 90 million CNY for Asia Creative Technology (Chuzhou) Co., Ltd. - 90 million CNY for Asia Creative New Materials (Chuzhou) Co., Ltd. - 10 million CNY for Asia Paint (Shanghai) Co., Ltd. - 12 million CNY for Asia Energy-saving Decoration Building Materials Sales (Shanghai) Co., Ltd. - 10 million CNY for Asia Waterproof Technology (Chuzhou) Co., Ltd. [2] - As of the announcement date, the cumulative guarantee balances are: - 342.10 million CNY for Asia Creative Technology (Chuzhou) - 58 million CNY for Asia Creative New Materials (Chuzhou) - 135.99 million CNY for Asia Waterproof Technology (Chuzhou) [2][3]. Group 2: Approval and Authorization - The guarantees were approved during the fifth board meeting on April 26, 2024, and the annual general meeting on May 21, 2024, to meet the company's development and funding needs for 2024 [2]. - The authorization for these guarantees is valid until the next annual general meeting in 2024 [2]. Group 3: Financial Health - The total cumulative external guarantee amount is 4.29 billion CNY, with a mutual guarantee balance of 2.99 billion CNY, which represents 172.13% of the company's most recent audited net assets [3].