Sinocat(SH:688737) Zheng Quan Zhi Xing·2025-06-27 16:17Core Viewpoint - The company has announced a guarantee plan for its wholly-owned subsidiary, Sichuan Zhongzi Future Energy Co., Ltd., with a total guarantee amount of 10 million yuan, which is part of a larger approved guarantee limit of 2.5 billion yuan for the year 2025 [1][2]. Summary by Sections 1. Overview of Guarantee Situation - The company has provided a guarantee of 10 million yuan to Sichuan Zhongzi Future Energy Co., Ltd. to meet its operational funding needs, bringing the total guarantee balance to 34 million yuan [1]. - There are no counter-guarantees associated with this guarantee, and there are no overdue guarantees [1]. 2. Internal Decision-Making Process for Guarantee - The company’s board of directors approved the guarantee plan during meetings held on April 29, 2025, and May 20, 2025, allowing for a total guarantee limit of up to 2.5 billion yuan for 2025, with 800 million yuan allocated for Sichuan Zhongzi Future Energy Co., Ltd. and its subsidiaries [2]. 3. Basic Information of the Guaranteed Entity - Sichuan Zhongzi Future Energy Co., Ltd. is a wholly-owned subsidiary of the company, with total assets of approximately 166.1 million yuan and a net asset value of -4.78 million yuan [4][5]. 4. Main Content of the Guarantee Agreement - The guarantee covers all payments due under the financing lease contract, including rent, overdue interest, penalties, and other costs incurred to realize the debt [5]. 5. Necessity and Reasonableness of the Guarantee - The guarantee is deemed necessary to support the daily operational funding needs of the subsidiary, contributing to the company's stable operations and long-term development [5]. 6. Cumulative External Guarantee Amount and Overdue Guarantees - As of the announcement date, the total external guarantee amount provided by the company is 264 million yuan, accounting for 14.3% of the company's audited net assets for 2024, with no overdue guarantees reported [6].