Zhejiang Jiemei Electronic And Technology (SZ:002859) Xin Lang Cai Jing·2025-06-18 21:29Summary of Key Points Core Viewpoint - The company Zhejiang Jiemai Electronic Technology Co., Ltd. has provided a guarantee for its wholly-owned subsidiary, Jiangxi Jiemai Electronic Information Materials Co., Ltd., to secure a credit line of RMB 90 million from China Bank [2][6]. Group 1: Guarantee Overview - The company signed a new maximum guarantee contract with China Bank on January 22, 2025, due to adjustments in the bank's credit limit [2]. - The guarantee provided is a joint liability guarantee for a credit line of RMB 90 million [2][6]. Group 2: Approval Process - The board of directors and the annual general meeting approved the mutual guarantee among subsidiaries for financing needs on April 15 and May 7, 2025 [3][9]. - The total financing limit for mutual guarantees among subsidiaries is set at RMB 3.5 billion [3]. Group 3: Subsidiary Information - Jiangxi Jiemai Electronic Information Materials Co., Ltd. is a wholly-owned subsidiary with a registered capital of RMB 20 million [4][5]. - The company specializes in the research, manufacturing, and sales of electronic component packaging materials [5]. Group 4: Financial Information - The total actual credit limit provided by the company for its subsidiaries is RMB 2.643 billion, which accounts for 89.15% of the company's latest audited net assets [11]. - The total balance of guarantees provided by the company is RMB 1.20474 billion, representing 40.64% of the company's latest audited net assets [11]. Group 5: Risk Management - The company asserts that the guarantee is necessary for the daily operations of its subsidiary and will not affect its normal operations [11]. - The financial risks associated with this guarantee are considered manageable within the company's overall risk control framework [11].