Champion Asia(SH:603386) Shang Hai Zheng Quan Bao·2025-06-16 19:01Core Viewpoint - The company has provided guarantees for its wholly-owned subsidiaries, Huizhou Junya Precision Circuit Co., Ltd. and Huizhou Junya Digital Technology Co., Ltd., to support their bank financing needs, with a total guarantee limit of RMB 80 million [2][5]. Group 1: Guarantee Details - The total guarantee amount for Huizhou Junya Precision and Huizhou Junya Digital is RMB 80 million, with actual guarantees provided as of June 14, 2025, being RMB 90.605 million and RMB 32.8 million respectively [2][6]. - There are no counter-guarantees associated with this guarantee [2][5]. - The guarantee has been approved by the company's annual general meeting and does not require further shareholder approval [4][7]. Group 2: Decision-Making Process - The company held board meetings on April 25, 2025, and May 16, 2025, to approve the guarantee proposal for the fiscal year 2025, allowing for a total guarantee amount not exceeding RMB 298.15 million [6][18]. - The company can provide additional guarantees of RMB 50.5 million for Huizhou Junya Precision and RMB 34.5 million for Huizhou Junya Digital within the approved limits [6][7]. Group 3: Subsidiary Information - Huizhou Junya Precision Circuit Co., Ltd. is a wholly-owned subsidiary of the company, established on December 2, 2021, with a registered capital of RMB 100 million [11][12]. - Huizhou Junya Digital Technology Co., Ltd. is also a wholly-owned subsidiary, established on June 23, 2015, with a registered capital of RMB 12.3 million [12][13]. Group 4: Guarantee Agreement - The guarantee agreement with Industrial Bank Co., Ltd. Huizhou Branch includes a maximum principal guarantee limit of RMB 50 million for Huizhou Junya Precision and RMB 30 million for Huizhou Junya Digital [14][15]. - The guarantee period is set for three years from the maturity date of each financing obligation [14][15]. Group 5: Necessity and Reasonableness of Guarantee - The guarantee is deemed necessary to meet the operational needs of the subsidiaries and aligns with the company's overall interests and development strategy [17]. - The company has sufficient understanding and control over the subsidiaries' financial conditions, making the guarantee risk manageable [17]. Group 6: Cumulative Guarantee Status - As of June 14, 2025, the total guarantees provided by the company and its subsidiaries amount to RMB 413.70997 million, representing 308.54% of the company's latest audited net assets [19][20]. - There are no overdue guarantees reported as of the announcement date [20].