GONGJIN(SH:603118) Shang Hai Zheng Quan Bao·2025-08-04 19:16Summary of Key Points Core Viewpoint - The company has provided a guarantee for its wholly-owned subsidiary, Haining Tongwei Electronics Co., Ltd., to support its business development, increasing the guarantee amount from RMB 10 million to RMB 30 million, with an extended guarantee period until June 2028 [1][4]. Group 1: Guarantee Details - The company signed a supplementary agreement with Haining Tongwei and Shenzhen Deep South Circuit Co., Ltd., providing a joint liability guarantee for debts incurred by Haining Tongwei, with a maximum debt amount of RMB 30 million [1][4]. - The total guarantee amount for the year 2025 is set at RMB 6.15 billion, with Haining Tongwei's current guarantee balance at RMB 3.35 billion after this agreement [2][10]. - The guarantee is intended to support the subsidiary's operational needs, including product delivery, quality, and after-sales service, aligning with the company's strategic goals [8]. Group 2: Internal Decision-Making Process - The company held board meetings on April 28, 2025, and the annual shareholders' meeting on May 20, 2025, to approve the guarantee proposal for the subsidiary [2][9]. - The board unanimously agreed to the guarantee, emphasizing that it is necessary for the subsidiary's operations and that the company can effectively manage associated risks [9]. Group 3: Overall Guarantee Situation - As of the announcement date, the total external guarantee amount provided by the company and its subsidiaries is RMB 49.41 billion, which represents 99.52% of the company's audited net assets for 2024 [10][11]. - The company has not provided guarantees to its controlling shareholders or related parties, and there are no overdue guarantees or litigation-related guarantees [11].