TORCH ELECTRON(SH:603678) Zheng Quan Zhi Xing·2025-06-25 16:26Core Viewpoint - The company, Fujian Torch Electronic Technology Co., Ltd., has provided guarantees for its subsidiaries, Shenzhen Leidu Electronics Co., Ltd. and Guangzhou Tianji Electronics Technology Co., Ltd., to support their operational financing needs [1][2]. Summary by Sections Guarantee Overview - The company has provided a maximum guarantee amount of RMB 50 million for Shenzhen Leidu and RMB 60 million for Tianji Technology, with actual guarantees of RMB 30 million and RMB 195 million respectively [1]. - Fujian Liyaxin Material Co., Ltd. has provided a guarantee of RMB 100 million for the company, with an actual guarantee balance of RMB 360 million [1][2]. - There are no overdue guarantees [1]. Internal Decision-Making Process - The company held board meetings on March 20, 2025, and April 11, 2025, to approve the guarantee proposals, allowing for a total guarantee limit of RMB 2.251 billion for subsidiaries [2]. Basic Information of Guaranteed Parties - Shenzhen Leidu Electronics Co., Ltd. specializes in the research and sales of electronic components and supply chain information platform technology [3]. - Guangzhou Tianji Electronics Technology Co., Ltd. is involved in integrated circuit design, manufacturing, and sales [3]. Financial Data of Guaranteed Parties - Shenzhen Leidu's total assets are RMB 355.83 million, with total liabilities of RMB 235.63 million and net assets of RMB 120.20 million [5]. - Tianji Technology has total assets of RMB 457.72 million, total liabilities of RMB 126.45 million, and net assets of RMB 331.26 million [6]. Guarantee Agreement Details - The company provides a joint liability guarantee for Shenzhen Leidu and Tianji Technology, covering principal, interest, penalties, and related costs [7][8]. - The guarantee period lasts for three years from the debt performance deadline [8][9]. Necessity and Reasonableness of Guarantees - The guarantees are deemed necessary to support the subsidiaries' operational needs and align with the company's strategic interests, ensuring no adverse impact on the company's operations [9]. - Tianji Technology is a controlled subsidiary with good credit status, making the guarantee risk manageable [9]. Cumulative External Guarantee Situation - As of the announcement date, the total external guarantees provided by the company and its subsidiaries amount to RMB 1.602 billion, representing 29.21% of the company's audited net assets as of December 31, 2024 [10].