JHM(SH:603078) Zheng Quan Zhi Xing·2025-06-25 16:59Summary of Key Points Core Viewpoint - The company has provided a guarantee of up to RMB 47 million for its wholly-owned subsidiary, Jianghua Micro (Zhenjiang) Electronic Materials Co., Ltd., primarily to replace existing loans and optimize its debt structure [1][2]. Group 1: Guarantee Overview - The guarantee amount is set at a maximum of RMB 47 million, which is intended to replace previous guarantees rather than create new ones [1][2]. - The company has already provided a total of RMB 28,008.40 million in guarantees to the subsidiary prior to this announcement [1][8]. - There are no overdue guarantees or associated risks reported [1][8]. Group 2: Subsidiary Information - Jianghua Micro (Zhenjiang) Electronic Materials Co., Ltd. was established on July 6, 2017, with a registered capital of RMB 77,777.7951 million [4][5]. - The subsidiary's total assets as of March 31, 2025, were RMB 119,515.38 million, with total liabilities of RMB 34,730.32 million, resulting in net assets of RMB 84,785.06 million [5]. - The subsidiary reported a revenue of RMB 1,978.20 million for the first quarter of 2025, with a net loss of RMB 1,783.31 million [5]. Group 3: Guarantee Agreement Details - The guarantee is a joint liability guarantee, meaning the company is responsible for the debt if the subsidiary fails to meet its obligations [6][7]. - The guarantee period extends three years beyond the debt repayment deadline [7][8]. - The agreement allows for modifications without the need for the guarantor's consent, provided that the changes do not increase the guarantor's liability [7][8]. Group 4: Necessity and Reasonableness of the Guarantee - The guarantee is deemed necessary for the normal operation of the company's business and does not harm the interests of the company or its shareholders [8]. - The company aims to reduce financing costs and optimize its debt structure through this guarantee [8].