Asieris(SH:688176) Zheng Quan Zhi Xing·2025-06-20 09:37Summary of Key Points Core Viewpoint - The company plans to provide a guarantee of up to RMB 150 million for its wholly-owned subsidiaries, Shanghai Yahuang and Hainan Yahuang, to meet their funding needs for business operations, which represents 7.62% of the company's latest audited net assets [1][6]. Group 1: Guarantee Details - The guarantee will be in the form of joint liability guarantee and the specific terms will be defined in the actual guarantee contract [6]. - The board of directors approved the guarantee proposal on June 20, 2025, and it does not require submission to the shareholders' meeting for approval [1][6]. Group 2: Subsidiary Information - Shanghai Yahuang was established on November 17, 2017, with a registered capital of RMB 50 million and is 100% owned by the company [3]. - Hainan Yahuang was established on March 17, 2022, with a registered capital of RMB 10 million and is also 100% owned by the company [4][5]. Group 3: Financial Data - Shanghai Yahuang's total assets are RMB 317.45 million, total liabilities are RMB 975.44 million, and net assets are -RMB 657.99 million, with a revenue of RMB 0.0197 million and a net loss of RMB 204.81 million [2]. - Hainan Yahuang's total assets are RMB 107.26 million, total liabilities are RMB 157.27 million, and net assets are -RMB 50.01 million, with a revenue of RMB 174.98 million and a net loss of RMB 40.97 million [5]. Group 4: Rationale for Guarantee - The guarantee is intended to enhance the financing efficiency of the subsidiaries, ensuring their operational needs are met and aligning with the overall interests of the company [6]. - The company maintains absolute control over its subsidiaries, allowing for effective monitoring of their operations and financial usage, thus keeping the guarantee risk manageable [6]. Group 5: Board and Sponsor Opinions - The board believes that the guarantee aligns with the operational needs of the company and its subsidiaries, poses controllable risks, and does not harm the interests of the company or minority shareholders [6]. - The sponsor has confirmed that the decision-making process for the guarantee complies with relevant regulations and does not harm the interests of the company and its shareholders [7][8].