Focus Media(SZ:002027) Zheng Quan Zhi Xing·2025-05-21 13:40Core Points - The article outlines the external guarantee management system of the company, aiming to regulate external guarantee behavior, control risks, and protect investors' rights [2][3] - The system is based on various laws and regulations, including the Civil Code of the People's Republic of China and the Company Law [2] - The company must conduct external guarantees in a legal, prudent, mutually beneficial, and secure manner [3] Summary by Sections General Principles - The company defines external guarantees as providing guarantees, asset pledges, and other forms of guarantees using its own assets or credit for third parties [2] - External guarantees must be approved by the board of directors or shareholders' meeting [4] Review of Guarantee Objects - The company can provide guarantees to entities with independent legal status that meet specific conditions, including strong debt repayment ability [6] - The application for guarantees must include comprehensive financial and operational information about the applicant [7][8] Execution Procedures and Information Disclosure - Guarantees must be reviewed and approved by the board of directors or shareholders' meeting, with specific thresholds for additional scrutiny based on the amount of the guarantee [12][13] - The company must disclose any guarantees that exceed certain financial thresholds, such as 10% of the latest audited net assets [13][14] Contract Review and Establishment - All external guarantees must be documented in written contracts that comply with legal requirements [22] - The chairman or authorized personnel must sign guarantee contracts based on board or shareholder resolutions [23] Responsibilities - The company must strictly adhere to the established system for external guarantees, with accountability for any breaches of procedure [25][26] - Individuals who exceed their authority in signing guarantee contracts may face penalties and be liable for any resulting losses [26][27]