DMEGC(SZ:002056) Zheng Quan Zhi Xing·2025-06-06 11:20Financial Assistance Overview - The company plans to provide financial assistance to its subsidiary DMEGC SOLAR US INC. (SOLAR US) for business development, with a total amount not exceeding $2 million, for a period of three years at an annual interest rate of 3% [1][4][7] - The financial assistance will be funded from the company's own resources and will not affect its normal business operations [2][6] Company Structure and Ownership - SOLAR US is a wholly-owned subsidiary of DMEGC SOLAR US HOLDING INC., in which the company holds an 81% stake, while AURIGEN INC. holds 19% [2][3] - AURIGEN will provide equivalent financial assistance to SOLAR US based on its ownership percentage [2] Approval Process - The financial assistance proposal was approved in the company's board and supervisory meetings, with related directors and supervisors abstaining from voting [3][8] - Independent directors conducted a special meeting to review the transaction, concluding it was necessary and fair [8][9] Financial Assistance Details - The financial assistance is intended to supplement SOLAR US's working capital needs [4][5] - As of the announcement date, SOLAR US has not yet contributed capital and has no financial data available [6] Risk Management - The company maintains effective control over SOLAR US, allowing for proper management of its business and finances [5][8] - The company will monitor SOLAR US's business development and fund usage to mitigate risks [5][8] Related Transactions - As of the disclosure date, the company has not engaged in any financial transactions with AURIGEN this year [8][9] - The total amount of financial assistance provided to subsidiaries and associates is zero, representing 0% of the company's latest audited net assets [9]