HARSON(SH:603958) Zheng Quan Zhi Xing·2025-06-18 08:20Core Viewpoint - The company is convening its first extraordinary general meeting of shareholders in 2025 to discuss and approve a proposed increase in the guarantee limit for its subsidiaries, aimed at supporting their operational needs and ensuring business continuity [4][9]. Meeting Agenda - The meeting will take place on June 25, 2025, at 14:45 in Kunshan, Jiangsu Province, and will include a series of procedural steps such as sign-in, announcement of the meeting, discussion of agenda items, and voting [2][3]. Proposed Guarantee Limit - The company proposes to add a guarantee limit of RMB 250 million for the year 2025, with the total expected guarantee amount for the subsidiaries not exceeding RMB 398 million [4][5]. - The guarantee will be valid from the date of approval until the next annual general meeting in 2025, and the actual guarantee amount will depend on the contracts signed [4][5]. Guarantee Details - The guarantees will cover financing activities such as loans, bank acceptance bills, and performance guarantees for the subsidiaries [5][9]. - The company will ensure that the subsidiaries maintain a stable financial condition and will require other shareholders to provide proportional guarantees or counter-guarantees to protect the company's interests [9]. Financial Health of Subsidiaries - The subsidiaries involved in the guarantee have shown stable financial performance, with no overdue guarantee issues reported [9]. - Specific financial metrics for the subsidiaries indicate a healthy operational status, with Jiangsu Langke's asset-liability ratio exceeding 70%, yet maintaining a stable management structure capable of debt repayment [9].