SANXING(SH:601567) Shang Hai Zheng Quan Bao·2025-07-29 17:51Summary of Key Points Core Viewpoint - Ningbo SANSING Medical Electric Co., Ltd. has announced the provision of a guarantee for its subsidiary, Foxytech Sp.zo.o, to support its business needs through a bank guarantee totaling approximately USD 147.18 million, equivalent to about RMB 10.56 million, with a guarantee period until August 22, 2030 [2][4]. Group 1: Guarantee Overview - The company applied for a bank guarantee from HSBC Bank (China) Co., Ltd. Ningbo Branch, with a total amount of approximately USD 147.18 million [2]. - The guarantee is intended to support Foxytech, a subsidiary under the company's control, which allows the company to effectively manage and mitigate guarantee risks [2][4]. - The board of directors approved the guarantee during meetings held on April 24, 2025, and May 16, 2025, with a total guarantee limit of RMB 974.85 million for various financing needs [2][5]. Group 2: Financial Details - As of the announcement date, the total amount of guarantees provided by the company to its subsidiaries is RMB 974.85 million, which represents 80.69% of the company's net assets attributable to shareholders for the year 2024 [6]. - The actual guarantee balance for the subsidiaries is RMB 561.91 million, accounting for 46.51% of the company's net assets for the same period [6]. - The company has no overdue guarantees, indicating a stable financial position regarding its guarantee obligations [6]. Group 3: Board's Opinion - The board believes that providing guarantees to its subsidiaries is necessary for their operational needs and that the associated risks are manageable [5]. - The guarantee complies with relevant laws and regulations, ensuring that it does not harm the interests of the company or minority shareholders [5].