ATLANTIC(SH:600558) Shang Hai Zheng Quan Bao·2025-08-05 19:02Core Points - The company has provided a guarantee of RMB 60 million for its subsidiary, Zigong Atlantic Welding Wire Products Co., Ltd., to meet its operational funding needs [1][2] - The guarantee agreement is effective from August 5, 2025, to August 4, 2026, with a maximum principal amount of RMB 60 million [3][6] - The company has a total expected guarantee amount of RMB 70 million for the year 2025, with an existing guarantee balance of RMB 10 million [2] Guarantee Details - The guarantee is a joint liability guarantee, meaning the company is fully responsible for the debt if the subsidiary defaults [6] - There is no counter-guarantee from the subsidiary's other shareholder, China Steel Welding Materials (British Virgin Islands) Co., Ltd. [7] - The board of directors has approved the guarantee, emphasizing the company's robust risk management mechanisms [9] Necessity and Reasonableness of the Guarantee - The guarantee is deemed necessary to support the subsidiary's daily operations and is expected to contribute positively to its development [8] - The subsidiary is reported to have stable operations and good creditworthiness, indicating its ability to repay debts [8] - The company's management believes that the risks associated with providing the guarantee are controllable and will not adversely affect the company's operations or shareholder interests [9] Cumulative Guarantee Situation - As of the announcement date, the total external guarantees provided by the company and its subsidiaries amount to RMB 241.11 million, representing 7.61% of the latest audited total assets and 10.17% of net assets [10]