NBSS(SH:600884) Shang Hai Zheng Quan Bao·2025-08-01 19:43Core Viewpoint - Ningbo Shanshan Co., Ltd. has announced its decision to provide guarantees for its subsidiaries to support their financing needs for daily operations in July 2025 [2][5]. Group 1: Guarantee Details - The company will provide a joint liability guarantee for its subsidiary, Shanjin Optoelectronics (Nanjing) Co., Ltd., for a credit limit application of up to 600 million RMB from Jiangsu Bank [2]. - Additionally, the company will guarantee up to 45 million RMB for its subsidiary, Fujian Shanshan Technology Co., Ltd., for a credit limit application from Xiamen Bank [2]. Group 2: Internal Decision-Making Process - The company’s board of directors approved the guarantee proposal during the annual shareholders' meeting on May 16, 2025, allowing for guarantees within the approved limits until the next annual shareholders' meeting [3]. - The subsidiaries involved in the guarantees are wholly owned or majority-owned by the company, ensuring control over their financial and operational management [3]. Group 3: Necessity and Reasonableness of Guarantees - The company is able to monitor the creditworthiness and financial status of the guaranteed subsidiaries, which are currently in good operational condition and capable of repaying debts [5]. - The guarantees are intended to facilitate the subsidiaries' financing needs, thereby ensuring smooth operational activities and enhancing economic efficiency [5]. Group 4: Cumulative Guarantee Information - As of June 30, 2025, the total amount of external guarantees provided by the company and its subsidiaries is approximately 17.21 billion RMB, representing 79.72% of the latest audited net assets attributable to the shareholders of the listed company [5]. - There are no overdue guarantees reported [5].