CAFX(SZ:002760) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-06-30 23:18Summary of Key Points Core Viewpoint - The company, Fengxing Co., Ltd., has approved a guarantee proposal to provide financial support for its wholly-owned subsidiary, Kangfu Technology Co., Ltd., and other subsidiaries, with a total guarantee amount not exceeding 862.4 million yuan [3]. Group 1: Guarantee Overview - The company and its subsidiaries have been authorized to provide guarantees for financing activities, with the guarantee amount set at a maximum of 862.4 million yuan, effective from the date of approval until the next annual general meeting in 2025 [3]. - The guarantees are intended to support the operational needs of Kangfu Technology and other subsidiaries, ensuring they can secure necessary funding for business development [4]. Group 2: Guarantee Progress - As of the announcement date, the cumulative amount of guarantees provided by the company and its subsidiaries is 641.4 million yuan, which represents 79.20% of the company's most recent audited net assets [5]. - The company has no overdue guarantees or guarantees related to litigation, indicating a stable financial position and risk management [5]. Group 3: Impact of Guarantee - The financial condition of Kangfu Technology is stable, with good credit status and controllable financial risks, suggesting that the company has the actual debt repayment capability [4]. - The guarantee is structured to be used flexibly within the approved limit, allowing for potential re-use of the guarantee amount during the specified period [3].