Autowell(SH:688516) Shang Hai Zheng Quan Bao·2025-07-31 19:12Group 1 - The company provided a guarantee of RMB 75 million for its subsidiary Wuxi Songci Electromechanical Co., Ltd. to secure a bank credit line with CITIC Bank Wuxi Branch, valid from July 28, 2025, to July 22, 2026 [1][5][8] - The total guarantee amount for the company's consolidated subsidiaries is RMB 255 million, approved during the 2025 first extraordinary shareholders' meeting [2][6] - As of the announcement date, the total guarantee balance for Songci Electromechanical is RMB 1.03 billion, which is within the annual estimated guarantee limit [3][7] Group 2 - The company adjusted the guarantee limits between subsidiaries, increasing Songci Electromechanical's limit by RMB 30 million while decreasing Wuxi Autowell Xurui Technology's limit by the same amount [4] - The company has no overdue guarantees, indicating a stable financial position [9][7] - The board of directors believes that the guarantee for Songci Electromechanical is necessary for business development and does not harm the interests of the company or its shareholders [5][6] Group 3 - The company issued convertible bonds totaling RMB 1.14 billion on August 10, 2023, with a net fundraising amount of RMB 1.1329132 billion after deducting issuance costs [9][10] - The convertible bonds, named "Aowei Convertible Bonds," began trading on the Shanghai Stock Exchange on September 1, 2023 [10] - The initial conversion price for the bonds is set at RMB 180.90 per share, with adjustments made due to various corporate actions [11][12][13][14][15][16] Group 4 - The second interest payment for the convertible bonds will occur on August 11, 2025, with a coupon rate of 0.40%, resulting in a payment of RMB 4 per bond [20][21] - The interest payment will be made to all registered bondholders as of August 8, 2025 [21][24] - The company has outlined the tax implications for individual and corporate bondholders regarding the interest income from the convertible bonds [24][25]