CFT(SH:603685) Zheng Quan Zhi Xing·2025-06-22 08:19Core Viewpoint - The company plans to increase its guarantee limit for the fiscal year 2025 to support the financing needs of its subsidiaries, specifically for its newly acquired subsidiary, Liaoning Shengfan New Energy Engineering Co., Ltd. [1][2] Group 1: Guarantee Details - The company intends to provide guarantees totaling up to RMB 95.6 million for its subsidiaries, effective from the date of the 2024 annual shareholders' meeting until the 2025 annual shareholders' meeting [1]. - An additional guarantee limit of up to RMB 28 million is proposed for Liaoning Shengfan to meet its funding requirements [2][4]. - The guarantees may include various forms such as guarantee, credit guarantee, mortgage, pledge, and counter-guarantee [2]. Group 2: Financial Overview - As of the announcement date, the company has provided a total of RMB 86.76 million in external guarantees, which represents 73.98% of its most recent audited net assets [7]. - The total external guarantees include RMB 79.5 million for wholly-owned or controlled subsidiaries and RMB 7.26 million for associated subsidiaries [7]. Group 3: Company Strategy and Rationale - The increase in guarantee limits aligns with the company's strategic goal to reduce related party transactions and enhance the independence of its new energy business [2]. - The company emphasizes that the additional guarantees are necessary to support the operational and project financing needs of Liaoning Shengfan, ensuring the stability and growth of its business [6].