Shanghai Automobile Air-(SH:603107) Shang Hai Zheng Quan Bao·2025-06-13 19:55Group 1 - The company announced a change and clarification regarding the mutual guarantee limit for the year 2025 among itself and its subsidiaries [1][2] - The proposed guarantee amount remains unchanged, but the scope and usage of the guarantee have been clarified to include various financial instruments [4][5] - The company will not provide any counter-guarantee for the proposed guarantees [3][4] Group 2 - The board of directors approved the proposal to change and clarify the mutual guarantee limit, which will be submitted for shareholder approval [8][9] - The change in the guarantee scope is aimed at improving decision-making efficiency and supporting business development and overseas market expansion [8][9] - The company has sufficient control over its subsidiaries, which minimizes the risk associated with the guarantees [8][9] Group 3 - As of the announcement date, the company has provided guarantees totaling up to 200 million RMB for its subsidiaries, which represents 9.62% of the company's audited net assets for 2024 [10][47] - The company has no overdue guarantees and has not provided guarantees to its controlling shareholders or related parties [11][47] - The company is currently executing a lease guarantee for a facility rented by its subsidiary in Mexico, with a total expected rent of approximately 1.38 million USD [37][39]