Wolong New Energy Group(SH:600173) Zheng Quan Zhi Xing·2025-07-25 16:37Summary of Key Points Core Viewpoint - The company, Wolong New Energy Group Co., Ltd., plans to provide guarantees for its indirect controlling shareholder, Wolong Holding Group Co., Ltd., for financing activities with two banks, totaling a maximum of 7.7 billion yuan [1][3]. Group 1: Guarantee Details - The company will sign a guarantee contract with the Export-Import Bank of China, Zhejiang Branch, for a maximum guarantee amount of 5.2 billion yuan [2][3]. - Additionally, a contract will be signed with the National Development Bank, Zhejiang Branch, for a maximum guarantee amount of 2.5 billion yuan [2][3]. - The guarantees will be joint liability guarantees, with Wolong Holding providing counter-guarantees for the company [2][3]. Group 2: Internal Decision-Making Process - The company's board of directors and supervisory board approved the guarantee proposal on July 25, 2025, with related directors abstaining from voting due to the nature of the transaction [2][3]. - The proposal will be submitted to the shareholders' meeting for further approval, with related shareholders also abstaining from voting [2][3]. Group 3: Financial Health of the Guarantor - Wolong Holding has a strong debt repayment capability, with no overdue bank loans reported, indicating a stable financial condition [3][6]. - The company believes that the risks associated with the guarantees are manageable and will not adversely affect the company's operations or the interests of minority shareholders [3][6]. Group 4: Background of the Guarantor - Wolong Holding was established on September 25, 1984, and is located in Zhejiang Province, with a registered capital of 808 million yuan [4]. - The company is involved in various sectors, including electric motor manufacturing, real estate development, and high-tech industry investments [4]. Group 5: Cumulative Guarantee Situation - The total amount of external guarantees provided by the company and its subsidiaries is 10.7 billion yuan, which accounts for 25.66% of the company's latest audited net assets [7].