MYSE(SH:601615) Zheng Quan Zhi Xing·2025-08-01 16:23Summary of Key Points Core Viewpoint - The company has announced a guarantee of RMB 400 million for its wholly-owned subsidiary, Hainan Mingyang, to support its project financing needs [1][5][6]. Group 1: Guarantee Details - The guarantee amount provided to Hainan Mingyang is RMB 400 million, which is within the previously estimated limit [1][2]. - There is no counter-guarantee associated with this guarantee [1]. - The total amount of external guarantees provided by the company and its subsidiaries is RMB 2,618.696 million, accounting for 9.98% of the company's audited net assets for 2024 [6]. Group 2: Internal Decision-Making Process - The guarantee was approved during the 19th meeting of the third board of directors on April 24, 2025, and at the annual general meeting on May 21, 2025 [2]. - The approval for the guarantee is valid for 12 months from the date of the annual general meeting [2]. Group 3: Subsidiary Information - Hainan Mingyang is a wholly-owned subsidiary of the company, established on February 3, 2021, with a registered capital of RMB 30 million [3]. - The main business activities of Hainan Mingyang include software development, marine engineering equipment manufacturing, and new energy technology research and development [3]. Group 4: Necessity and Reasonableness of the Guarantee - The guarantee is deemed necessary to meet the project construction needs of Hainan Mingyang and aligns with the company's overall interests and development strategy [5][6]. - The board of directors believes that the guarantee will not pose risks to the company or its shareholders [6].