A-Zenith(SH:603389) Zheng Quan Zhi Xing·2025-08-01 16:35Summary of Key Points Core Viewpoint - The company plans to provide a guarantee of RMB 59.4 million for Guangxi Zirconium Industry Technology Co., Ltd. as part of its acquisition of a 51% stake in the company, which is aimed at supporting its operational funding needs and ensuring the stability of the acquisition process [1][3][6]. Group 1: Guarantee Details - The guarantee amount is RMB 59.4 million, which includes a fixed asset loan of RMB 23 million and a comprehensive credit of RMB 36.4 million [3][4]. - The guarantee is contingent upon the completion of the acquisition of 51% control of Guangxi Zirconium [3][6]. - The company has no counter-guarantee for this guarantee, and the other shareholders of Guangxi Zirconium have provided their own guarantees [4][7]. Group 2: Financial and Operational Context - Guangxi Zirconium has total assets of approximately RMB 271.87 million and total liabilities of about RMB 166.77 million, resulting in a net asset value of around RMB 105.11 million [6]. - The company reported a net loss of approximately RMB 25.07 million in the latest financial period [6]. - The guarantee is deemed necessary to support Guangxi Zirconium's daily operations and business development, with the company maintaining a stable operational status and good creditworthiness [6][8]. Group 3: Corporate Governance and Approval - The board of directors approved the guarantee proposal with unanimous consent, indicating strong internal support for the decision [8]. - The company will complete the necessary procedures for the acquisition and guarantee within a specified timeframe following shareholder approval [8][9].