凤形股份: 关于为子公司提供担保的进展公告

Summary of Key Points Core Viewpoint - The company, Fengxing Co., Ltd., has approved a guarantee amounting to a maximum of 862.4 million yuan for its subsidiaries to secure financing, which represents 76.23% of its latest audited net assets [1][3]. Group 1: Guarantee Overview - The company and its subsidiaries have been authorized to provide guarantees for financing needs of wholly-owned subsidiaries, including Kangfu Technology Co., Ltd. and Anhui Fengxing New Materials Technology Co., Ltd. [1] - The guarantee period is from the date of approval at the 2024 annual shareholders' meeting until the next annual shareholders' meeting in 2025, with the guarantee amount being subject to actual usage [1]. Group 2: Guarantee Progress - As of the announcement date, the company has provided a new guarantee of 30 million yuan to Fengxing New Materials, with a guarantee period of 36 months [2][3]. - The total cumulative guarantee amount by the company and its subsidiaries is 617.4 million yuan, which includes the new guarantee, also representing 76.23% of the latest audited net assets [3]. Group 3: Impact of the Guarantee - The guarantees are aimed at supporting the operational development of Fengxing New Materials, facilitating its funding and business activities [3]. - The financial condition of the subsidiary is stable, with good credit status and controllable financial risks, indicating a capacity for actual debt repayment [3].