BAOMING TECH(SZ:002992) Shang Hai Zheng Quan Bao·2025-08-06 19:05Summary of Key Points Core Viewpoint - Shenzhen Baoming Technology Co., Ltd. has announced the provision of guarantees for its wholly-owned subsidiary, Ganzhou Baoming Display Technology Co., Ltd., as part of a broader plan to secure a total credit line of up to RMB 6 billion from financial institutions [2][3]. Group 1: Guarantee Overview - The company and its subsidiaries plan to apply for a total credit line not exceeding RMB 60 billion from banks and other financial institutions, allowing for mutual guarantees among them [2]. - The guarantee provided for Ganzhou Baoming is within the approved limits set by the company's board and shareholders [4]. Group 2: Guarantee Progress - Ganzhou Baoming has signed a comprehensive credit limit contract with Jiujiang Bank, with a credit limit of RMB 6,666,666.67 and a maximum guarantee amount of RMB 2,400,000 [3]. - The company and Huizhou Baoming Precision Co., Ltd. have signed a maximum guarantee contract with Jiujiang Bank, providing joint liability guarantees for the aforementioned credit [3]. Group 3: Subsidiary Information - Ganzhou Baoming was established on July 9, 2018, with a registered capital of RMB 60 million, and operates in various sectors including display device manufacturing and electronic materials [5]. - The company is fully owned by Baoming Precision, which in turn is wholly owned by Shenzhen Baoming Technology [6]. Group 4: Board Opinion - The board believes that the credit application by Ganzhou Baoming is necessary for its daily operations and business development, and the guarantees provided are standard commercial practices [9]. - The decision-making process for the external guarantee is compliant with legal requirements and will not adversely affect the company's financial status or the interests of shareholders [9]. Group 5: Guarantee Statistics - As of the announcement date, the total amount of guarantees provided by the company for its subsidiaries is RMB 447.81 million, accounting for 61.57% of the company's audited net assets attributable to shareholders [10]. - The total borrowing balance is RMB 330.25 million, representing 45.41% of the company's audited net assets [11].