ERA(SZ:002641) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-04-01 22:45Summary of Key Points Core Viewpoint - The company has approved a total guarantee amount of RMB 204.5 million for its subsidiaries to support their operational and development needs, with specific agreements signed with banks for this purpose [1][2]. Group 1: Guarantee Overview - The company held its sixth board meeting on April 24, 2024, and the annual shareholders' meeting on May 17, 2024, where it approved the provision of guarantees for its subsidiaries [1]. - The total guarantee amount includes RMB 194.5 million for the company's subsidiaries and RMB 10 million for inter-subsidiary guarantees [1][2]. - The authorized guarantee amount is valid from the date of approval until the next annual shareholders' meeting in 2024 [1]. Group 2: Guarantee Progress - The company has signed guarantee contracts with two banks: China Bank Shanghai Free Trade Zone Branch for RMB 80 million and China Bank Huangyan Branch for RMB 50 million [2][9]. - The guarantees are within the approved limit from the annual shareholders' meeting and are aimed at supporting the subsidiaries' financial needs [2][11]. Group 3: Subsidiary Information - The company fully owns Shanghai Gengyuan International Trade Co., Ltd., established in December 2013, with a registered capital of RMB 5.5 million [4]. - Zhejiang Gengyuan New Energy Technology Co., Ltd., established in January 2006, has a registered capital of RMB 139.15 million and focuses on solar energy products [5][6]. Group 4: Guarantee Contracts Details - The guarantee contracts specify that the guarantee amount for Shanghai Gengyuan International Trade is RMB 80 million, valid until December 25, 2025 [7]. - The guarantee for Zhejiang Gengyuan New Energy is RMB 50 million, valid from February 14, 2025, to February 13, 2026 [9]. Group 5: Board's Opinion - The board believes that the subsidiaries are stable and have good creditworthiness, making the guarantee risks manageable [11]. - The company will require corresponding counter-guarantees from the subsidiary receiving the guarantee, ensuring that the interests of the company and its shareholders are protected [11]. Group 6: Current Guarantee Status - As of now, the company has approved external guarantees totaling RMB 10 million, with an actual balance of RMB 36.7 million, which is 0.68% of the company's audited net assets [12]. - The total guarantee amount for subsidiaries is RMB 214.5 million, with an actual balance of RMB 133.2 million, representing 2.48% of the company's audited net assets [12].