OPPLE(SH:603515) Shang Hai Zheng Quan Bao·2025-07-30 18:16Summary of Key Points Core Viewpoint - The company has provided guarantees totaling up to 210 million RMB for its subsidiaries, aiming to support their operational needs and enhance financing efficiency [1][5]. Group 1: Guarantee Details - The company issued a guarantee letter to the Kunming Urban Management Bureau on July 29, 2025, providing a total guarantee of up to 210 million RMB, with 110 million RMB for Qianlong Energy and 100 million RMB for OPPLE Zhiguang [1][5]. - The guarantees are structured as joint liability guarantees, which are irrevocable during the performance period, meaning the company will assume joint responsibility for the obligations of its subsidiaries [5]. Group 2: Internal Decision-Making Process - The company held its fourth board meeting on April 25, 2025, and the annual general meeting on May 28, 2025, where it approved a guarantee limit of up to 2.04 billion RMB for the year 2025 for its subsidiaries [2][6]. - The guarantees provided fall within the approved limit and do not require further board or shareholder approval [2][6]. Group 3: Financial Health of Subsidiaries - Both Qianlong Energy and OPPLE Zhiguang are reported to have good operational conditions and debt repayment capabilities, justifying the need for the guarantees [5][6]. - The company maintains control over the management and financial aspects of these subsidiaries, which mitigates the risk associated with the guarantees [5][6]. Group 4: Cumulative Guarantee Information - As of the announcement date, the total amount of guarantees provided by the company and its subsidiaries is 1.163 billion RMB, representing 17.29% of the company's most recent audited net assets, with no overdue guarantees reported [6].