ShaanGu(SH:601369) Zheng Quan Zhi Xing·2025-07-08 11:24Summary of Key Points Core Viewpoint - The company has decided to cancel the guarantee for a bank loan provided to its wholly-owned subsidiary, Shaangu Power (Hong Kong) Co., Ltd., amounting to €68.376 million due to changes in the financing plan, which helps in rationalizing financing arrangements without harming the interests of the company and its shareholders [1][2]. Previous Guarantee Situation Overview - The company had previously approved a guarantee for a bank loan to Shaangu Hong Kong during a board meeting held on December 26, 2024, with a maximum guarantee amount of €68.376 million [1]. Cancellation of Guarantee Overview - The guarantee agreement related to the loan was never signed, and thus the guarantee had not been executed, leading to the decision to cancel it [2]. Cumulative External Guarantee Amount and Overdue Guarantees - As of July 8, 2025, the total external guarantees provided by the company and its subsidiaries amounted to RMB 234.33 million, representing 2.64% of the company's latest audited net assets. The guarantees provided to subsidiaries totaled RMB 49.93 million, accounting for 0.56% of the company's latest audited net assets, with no overdue guarantees reported [2].