SD(SH:600626) Zheng Quan Zhi Xing·2025-06-24 17:18Summary of Key Points Core Viewpoint - The company has provided a guarantee of €15 million for its wholly-owned subsidiary, Auria Solutions Ltd., to support its operational financing needs, while maintaining a manageable risk profile given the subsidiary's financial condition [1][4]. Group 1: Guarantee Details - The total guarantee amount for Auria Solutions Ltd. is €15 million [1]. - As of the announcement date, the total guarantee balance for Auria Solutions Ltd. amounts to €176 million and RMB 430 million, equivalent to approximately RMB 1.893 billion [1]. - There are no counter-guarantees associated with this guarantee [1]. Group 2: Financial Overview of Auria Solutions Ltd. - Auria Solutions Ltd. was established on February 14, 2017, and is registered in London, England [2]. - The company specializes in automotive soft trim and acoustic components, including flooring systems, acoustic components, and small trim items [2]. - As of December 31, 2024, Auria Solutions Ltd. reported total assets of RMB 4.451 billion and a net loss of RMB 38.824 million [3]. Group 3: Approval Process - The guarantee was approved during the 22nd meeting of the 11th Board of Directors on May 31, 2024, and at the annual shareholders' meeting on June 24, 2024 [2]. - The guarantee falls within the approved limit of RMB 2.823 billion for subsidiaries with a debt ratio of 70% or higher [2]. Group 4: Necessity and Reasonableness of the Guarantee - The guarantee is intended to support Auria Solutions Ltd.'s daily operational turnover and does not exceed the company's approved guarantee limits [4]. - The subsidiary is considered to have a good credit status and repayment capability, making the risk of the guarantee manageable [4].