Summary of Key Points Core Viewpoint - The company has provided a guarantee of USD 50 million for its wholly-owned subsidiary PT Matahari Tire Indonesia to support its operational needs, with no associated collateral or overdue guarantees reported [1][4]. Group 1: Guarantee Overview - The guarantee amount provided by the company’s subsidiary, Zhongce Rubber (Thailand) Co., Ltd., to PT Matahari Tire Indonesia is USD 50 million, which is the total amount of guarantees provided [1]. - As of the announcement date, there are no overdue external guarantees from the company or Zhongce Thailand [1]. - The guarantee is intended to meet the operational turnover needs of PT Matahari Tire Indonesia [1][4]. Group 2: Internal Decision-Making Process - The company’s board of directors approved the guarantee during meetings held on November 29, 2024, and December 23, 2024, authorizing the general manager to sign bank loan contracts and provide guarantees for subsidiaries within a limit of RMB 720.675 million [2]. - The authorization period for the guarantee is from January 1, 2025, to December 31, 2025 [2]. Group 3: Financial Data of the Guarantor and the Guaranteed Entity - Zhongce Thailand has total assets of approximately RMB 990.65 million and net assets of RMB 862.55 million as of March 31, 2025 [3]. - PT Matahari Tire Indonesia has total assets of approximately RMB 166.37 million and net assets of RMB 70.39 million as of March 31, 2025 [3]. Group 4: Necessity and Reasonableness of the Guarantee - The guarantee is deemed necessary for the business development and operational needs of the wholly-owned subsidiary, ensuring its sustainable and stable growth [4]. - The guarantee aligns with the company’s overall interests and development strategy, and it will not significantly impact the company’s daily operations or harm the interests of shareholders, particularly minority shareholders [4].
中策橡胶: 关于全资子公司为全资孙公司提供担保的公告