KINGNET(SZ:002517) Zheng Quan Zhi Xing·2025-06-13 11:25Core Viewpoint - The company has established a comprehensive external guarantee management system to protect investors' rights, regulate external guarantee behavior, and prevent risks associated with external guarantees [1][2]. Group 1: General Principles - The company implements unified management of external guarantees, requiring board or shareholder approval for any guarantee contracts [4]. - Directors and senior management are responsible for prudently managing and strictly controlling the risks associated with guarantees [4][5]. - The company’s independent directors must provide a special report on the external guarantee situation in the annual report [2]. Group 2: Conditions for Guarantee Objects - The company can provide guarantees to entities with independent legal status that meet specific conditions, such as having strong debt repayment capabilities [10]. - Guarantees can also be provided to entities that do not meet the specified conditions if approved by two-thirds of the board or the shareholders [11]. Group 3: Approval Procedures for External Guarantees - The highest decision-making body for external guarantees is the shareholders' meeting, with the board exercising decision-making authority based on the company’s articles of association [17]. - Guarantees exceeding certain thresholds, such as 50% of the latest audited net assets, require shareholder approval [19]. Group 4: Management of External Guarantees - The finance department is responsible for managing external guarantees, including conducting credit investigations and ensuring proper documentation [29][30]. - The company must monitor the financial status of guaranteed entities and take necessary actions if any adverse conditions arise [33]. Group 5: Information Disclosure - The company’s board secretary is responsible for disclosing information related to external guarantees, including details of contracts and any risks associated with guaranteed entities [41][42]. - Timely disclosure is required if a guaranteed entity fails to meet repayment obligations or faces bankruptcy [46]. Group 6: Responsibilities of Responsible Parties - The company will impose penalties on responsible parties for violations of the external guarantee management system [47][51]. - Any unauthorized signing of guarantee contracts by management will lead to accountability and potential disciplinary actions [49].