GED(SZ:000539) Ge Long Hui·2025-08-05 11:50Core Viewpoint - The company aims to revitalize its existing assets, improve its capital structure, and ensure sustainable development through a series of financial maneuvers involving its subsidiary and asset-backed securities [1][2] Group 1: Asset Management and Financial Strategy - The company approved the issuance of an asset-backed special plan (similar to REITs) with a scale not exceeding 38.01 billion yuan, with a term of no more than 30 years, using the Dongguan Ningzhou site as the underlying asset [1] - The company will provide operational support and performance guarantees for its subsidiary, Guangdong Yue Electric Binhai Bay Energy Co., Ltd., not exceeding 4.3 billion yuan [1] - The company plans to invest up to 950 million yuan as a limited partner in a newly established limited partnership with Guangdong Yue Electric Linghang Energy Co., Ltd. and China Kangfu International Leasing Co., Ltd. [1] Group 2: Equity and Debt Structure Adjustments - The company will transfer 100% equity of Binhai Bay Energy Co., Ltd. to the limited partnership through a non-public agreement and adjust the subsidiary's equity and debt structure as needed [2] - The company will hold priority acquisition rights for the equity and debt of Binhai Bay Energy Co., Ltd., as well as for the priority asset-backed securities and limited partnership agreement shares [2] - After the issuance of the asset-backed securities, Binhai Bay Energy Co., Ltd. may issue entrusted loans to the company, not exceeding 1.3 billion yuan [2]