Aohong Electronics(SH:605058) Shang Hai Zheng Quan Bao·2025-08-01 19:17Group 1 - The company announced a change in its sponsor representatives due to the retirement of Jiang Lan, with Guo Yutao appointed as the new representative alongside Zhou Haibing [1][2][3] - The continuous supervision period for the company's initial public offering project has ended, but the sponsor will continue to oversee the remaining use of raised funds [1][2] - The board expressed gratitude for Jiang Lan's contributions during her tenure as the sponsor representative [3] Group 2 - The company provided a guarantee of RMB 100 million for its wholly-owned subsidiary, Changzhou Haihong Electronics Co., Ltd., which is not an affiliated party [5][6] - As of the announcement date, the company has already provided a guarantee balance of RMB 174,091,526.77 for Haihong Electronics [6][21] - The subsidiary will apply for a credit limit of up to RMB 1.2 billion from the bank, and the company will provide guarantees within this limit [7] Group 3 - Haihong Electronics has total assets of RMB 836,823,934.99 and net profit of RMB 53,371,218.30 for the year 2024 [8] - In the first quarter of 2025, Haihong Electronics reported total assets of RMB 855,707,945.83 and net profit of RMB 13,977,122.93 [9] - The company holds 100% equity in Haihong Electronics, which is not a dishonest executor and has no significant issues affecting its debt repayment ability [10][11] Group 4 - The guarantee agreement with Jiangsu Bank includes a maximum liability guarantee for the principal amount and related fees [12][15] - The guarantee period extends until three years after the debt fulfillment date, with provisions for dispute resolution through negotiation or litigation [16][17] - The board believes the financial risks associated with the guarantee are manageable and will not harm the interests of the company or its shareholders [19][20]