Wellhope(SH:603609) Shang Hai Zheng Quan Bao·2025-08-06 18:29Core Viewpoint - The company has provided guarantees for its subsidiaries' financing and raw material procurement, which are within the approved limits set by the board and shareholders [3][5][6]. Group 1: Guarantee Overview - In July 2025, the company provided guarantees for its subsidiaries' financing, with a maximum guarantee amount of RMB 9,600 million for a subsidiary's loan, with the guarantee period extended from 1 year to 10 years [1][2]. - The company issued guarantees for raw material procurement, totaling a maximum debt amount of RMB 21,400 million for 106 subsidiaries [2]. Group 2: Approval and Limits - The guarantees provided are within the total approved limit of RMB 435,000 million for the year, which includes RMB 285,000 million for financing and RMB 150,000 million for raw material procurement [4][5]. - The board and shareholders approved the guarantee limits during meetings held on March 14 and March 31, 2025 [4][6]. Group 3: Financial Data and Risk Assessment - As of July 31, 2025, the total external guarantees provided by the company and its subsidiaries amounted to RMB 228,512.25 million, representing 34.13% of the company's audited net assets as of December 31, 2024 [6]. - There are no overdue guarantees, and the company has a good understanding of the financial status and creditworthiness of the subsidiaries being guaranteed [5][6].