GUILIN FUDA (SH:603166) Zheng Quan Zhi Xing·2025-06-23 16:21Overview - Guilin Fuda Co., Ltd. has signed two equity transfer agreements with Maschinenfabrik Alfing Kessler GmbH (ALFING) to transfer a total of 50% equity in Guilin Fuda Alfing Large Crankshaft Co., Ltd. in two phases, with the first phase involving a 25% transfer completed by May 23, 2025 [1][3] Progress Update - The company has agreed to make efforts to release its guarantee obligations for the joint venture within 60 working days after the signing of the equity transfer agreement. As of December 31, 2024, the actual guarantee amount for the joint venture was not disclosed, but the company has completed the necessary procedures to release these guarantees [3] - The company currently has no external guarantees other than those for its wholly-owned subsidiaries, and there are no overdue external guarantees [3]