SAFETY(SH:603028) Zheng Quan Zhi Xing·2025-07-23 09:06Core Viewpoint - Jiangsu Saifutian Group Co., Ltd. has announced that its subsidiary, Anhui Meidalen Photovoltaic Technology Co., Ltd., will engage in a financing lease back transaction with Bangyin Financial Leasing Co., Ltd., with a financing amount not exceeding RMB 50 million [1][2] Financing Lease Business Overview - Anhui Meidalen aims to optimize its capital structure and improve asset utilization by using its own equipment as collateral for the financing lease back transaction, with a total financing amount of up to RMB 50 million and a term not exceeding 21 months [2] - The company will provide a joint liability guarantee for this financing lease back transaction, with the guarantee amount also capped at RMB 50 million [2] Internal Decision-Making Process - The financing lease transaction was approved by the company's fifth board of directors at its 14th meeting on May 15, 2025, and the external guarantee was approved at the 13th meeting and the 2024 annual general meeting [2] Basic Information of the Transaction Party - Bangyin Financial Leasing Co., Ltd. has a registered capital of RMB 3 billion and was established on August 16, 2013, with a business scope that includes financing leasing and related financial services [3] Basic Information of the Financing Lease Assets - The assets involved in the financing lease are the existing equipment of Anhui Meidalen, which are free from any pledges or disputes [4] Purpose and Impact of the Financing Lease - The financing lease back transaction is expected to enhance the company's asset liquidity, broaden financing channels, and optimize the capital structure without affecting the company's daily operations [5] Necessity and Reasonableness of the Guarantee - The guarantee provided by the company for Anhui Meidalen's financing lease back transaction is deemed necessary to support its business development, with the company maintaining control over the subsidiary's major operational and financial decisions [5] Cumulative External Guarantee Amount - As of the announcement date, the total external guarantee amount after this new guarantee will be RMB 667 million, which represents 130.51% of the company's latest audited net assets [6]