ETERN(SH:600105) Zheng Quan Zhi Xing·2025-07-10 16:22Core Viewpoint - The company is reallocating a guarantee amount of 20 million RMB from its wholly-owned subsidiary, Jiangsu Yongding Fiber Optic Technology Co., Ltd. to its controlling subsidiary, Etern Manufactura de México, S. de R.L. de C.V. This adjustment is part of the company's strategy to support its subsidiaries' operational needs while maintaining a manageable risk profile [1][2]. Summary by Sections Guarantee Adjustment Overview - The guarantee adjustment involves transferring an unused guarantee amount of 20 million RMB to Etern Manufactura de México, resulting in a new total guarantee of 80 million RMB for Jiangsu Yongding Fiber Optic and 20 million RMB for Etern Manufactura [1][2]. - The company has no overdue external guarantees [1]. Guarantee Adjustment Details - The adjustment is compliant with regulatory requirements and is aimed at meeting the actual business needs of the company [2]. - The debt ratio of Etern Manufactura de México is not applicable as it is a newly established company [2]. Basic Information of the Guaranteed Company - Jiangsu Yongding Fiber Optic has total assets of 224.73 million RMB and total liabilities of 236.16 million RMB as of December 31, 2024, resulting in a net asset deficit of 11.43 million RMB [3]. - For the first quarter of 2025, the company reported total assets of 124.98 million RMB and total liabilities of 136.17 million RMB, with a net asset deficit of 11.18 million RMB [3]. Main Content and Authorization of the Guarantee - The guarantee adjustment is internal and will be formalized through specific guarantee agreements [4]. - The chairman of the board is authorized to handle all matters related to borrowing and financing post-adjustment, with the company bearing all legal and economic responsibilities [4]. Necessity and Reasonableness of the Guarantee Adjustment - The adjustment is deemed beneficial for the normal business development of the controlling subsidiary, which has a good credit status and no significant default history [4]. - The potential risks associated with this adjustment are not expected to impact the company's ongoing operational capabilities or harm the interests of minority shareholders [4]. Cumulative External Guarantee Amount - As of the announcement date, the total external guarantees provided by the company and its subsidiaries amount to 85.33% of the audited net assets, with no overdue guarantees reported [4].