Zheng Quan Zhi Xing·2025-05-29 09:35Overview of Guarantee Situation - The company has provided guarantees for its wholly-owned subsidiaries, Anhui Fulait Glass Co., Ltd. and Heyuan Yantai New Energy Co., Ltd., with a total guarantee amount not exceeding RMB 33 million for Heyuan Yantai [1][2] - The company signed a maximum guarantee contract with Kunlun Bank for a principal debt of RMB 78,737,880 for Anhui Fulait Glass [2] - The company has no overdue external guarantees [1][6] Internal Decision-Making Process - The company held its 2023 annual general meeting on June 17, 2024, approving a comprehensive credit limit of up to RMB 26 billion for 2024, which can be used cyclically [2][3] - The company and its subsidiaries will provide corresponding guarantees within this credit limit without needing to undergo separate board and shareholder meeting procedures [3] Financial Status of Guaranteed Entities - As of March 31, 2025, Anhui Fulait Glass had total assets of RMB 2,522,261,000, total liabilities of RMB 1,666,540,650, and net assets of RMB 855,720,350 [4] - Heyuan Yantai had total assets of RMB 6,454,550, total liabilities of RMB 5,957,750, and net assets of RMB 496,800 as of March 31, 2025 [5] Necessity and Reasonableness of Guarantees - The guarantees are deemed necessary for the company's daily operations and business development, with the company maintaining absolute control over its subsidiaries [5] - The overall risk of the guarantees is considered manageable, and there is no harm to the interests of the company and its shareholders [5] Total External Guarantees - As of the announcement date, the total external guarantees provided by the company and its subsidiaries amount to zero, while the cumulative guarantees to subsidiaries total RMB 12,469,163,000, accounting for approximately 55.94% of the company's latest audited net assets [6]