JCT(SH:603657) Zheng Quan Zhi Xing·2025-06-25 16:26Summary of Key Points Core Viewpoint - The company has provided a guarantee for its wholly-owned subsidiary, Suzhou Shangteng Technology Manufacturing Co., Ltd., to support its business development and financing needs, with a maximum guarantee amount of RMB 50 million [1][4]. Group 1: Guarantee Overview - The company signed a "Maximum Guarantee Contract" with Bank of China Suzhou Wuzhong Branch, agreeing to provide joint liability guarantee for financing activities of Suzhou Shangteng [1][3]. - The total guarantee amount provided by the company to Suzhou Shangteng is RMB 100 million, which includes the current guarantee and a previously disclosed guarantee of RMB 50 million [2][3]. Group 2: Subsidiary Information - Suzhou Shangteng was established on December 25, 2020, with a registered capital of RMB 38.13359 million and is fully owned by the company [2]. - As of December 31, 2024, Suzhou Shangteng had total assets of RMB 664.62 million and total liabilities exceeding 70% of its assets [2][3]. Group 3: Guarantee Contract Details - The guarantee is a joint liability guarantee with a maximum principal balance of RMB 50 million, covering not only the principal but also interest, penalties, and other related costs [3]. - The guarantee period for each debt is three years from the maturity date of the respective debt [3]. Group 4: Necessity and Reasonableness of Guarantee - The guarantee is deemed necessary and reasonable to support the subsidiary's business growth and financing, aligning with the company's overall development strategy [4]. - The company has a thorough understanding of the subsidiary's operational status and creditworthiness, ensuring that the risks associated with the guarantee are manageable [4]. Group 5: Board Approval and Total Guarantees - The board of directors approved the guarantee at meetings held on April 17, 2025, and May 9, 2025, authorizing the chairman to sign relevant agreements [4]. - As of the announcement date, the total external guarantees provided by the company and its subsidiaries amount to RMB 380 million, representing 40.45% of the company's latest audited net assets [4].