Sunglow Packaging Technology(SH:603499) Zheng Quan Zhi Xing·2025-07-23 08:13Summary of Key Points Core Viewpoint - The company Shanghai Xianggang Packaging Technology Co., Ltd. has provided a guarantee of 102 million RMB for its subsidiary Jiusu Technology (Shanghai) Co., Ltd., which is not an affiliate of the company. The guarantee is part of a broader approved credit limit of up to 500 million RMB for its subsidiaries [1][2]. Group 1: Guarantee Details - The guarantee amount provided by the company for Jiusu Technology is 102 million RMB, with a total actual guarantee balance of 113.5324 million RMB as of the announcement date [1][2]. - The guarantee is structured under a "Maximum Guarantee Contract" to support Jiusu Technology's bank credit and related business [1]. - The company has no overdue external guarantees [1][4]. Group 2: Subsidiary Information - Jiusu Technology was established on February 13, 2014, with a registered capital of 40 million RMB and is located in the China (Shanghai) Pilot Free Trade Zone [2]. - The company’s recent financial data shows total assets of 453.6562 million RMB and total liabilities of 261.4750 million RMB as of March 2025 [3]. - Jiusu Technology reported a net profit of 14.6816 million RMB for the first quarter of 2025, compared to a total annual net profit of 46.2934 million RMB for 2024 [3]. Group 3: Rationale for Guarantee - The guarantee is deemed necessary for Jiusu Technology's daily operational needs and is expected to positively impact its long-term development and operational stability [4]. - The company holds a 70% stake in Jiusu Technology, and the guarantee risk is considered controllable, with no significant adverse effects anticipated on the company's operations or shareholder interests [4].