Cheersson(SZ:002976) Shang Hai Zheng Quan Bao·2025-07-07 19:59Overview of Guarantee Situation - The company approved a total guarantee amount of up to 48 million RMB for its subsidiaries, including Guangzhou Xinzhen Automotive Parts Co., Ltd. and others, during the board meetings held on April 23, 2025 [1] - The guarantee limit was ratified by the shareholders' meeting on May 19, 2025, and is valid until the next annual shareholders' meeting [1] Progress of Guarantee - On July 3, 2025, the company signed a maximum guarantee contract with China Bank for a principal amount of 5 million RMB for its subsidiary, Xinzhen Parts, effective from January 1, 2025, to December 31, 2030 [2] - After this guarantee, the total amount guaranteed for Xinzhen Parts is 7 million RMB, with a remaining available guarantee amount of 3 million RMB [2] Main Content of Guarantee Agreement - The guarantor is Suzhou Ruima Precision Industrial Group Co., Ltd., and the debtor is Guangzhou Xinzhen Automotive Parts Co., Ltd. [3] - The creditor is China Bank, and the guarantee is a joint liability guarantee covering the principal amount and related debts [3] - The guarantee period for each debt is three years from the maturity date of that debt [3] Cumulative Guarantee Situation - As of the announcement date, the company has a total cumulative external guarantee amount of 42 million RMB, which accounts for 53.54% of the latest unaudited net assets [3] - There are no overdue guarantees or any litigation related to guarantees [3]