Insigma(SH:600797) Shang Hai Zheng Quan Bao·2025-08-11 18:55Summary of Key Points Core Viewpoint - The company has provided a guarantee for its wholly-owned subsidiary, Zhejiang University NetNew System Engineering Co., Ltd., to secure a bank credit facility of up to RMB 20 million from Shanghai Pudong Development Bank, with a one-year term [1]. Group 1: Guarantee Details - The company approved a total guarantee amount of up to RMB 37.6 million for subsidiaries with a debt-to-asset ratio not exceeding 70%, with a specific guarantee of up to RMB 10 million for the NetNew System [2]. - Prior to this guarantee, the total amount guaranteed by the company and its subsidiaries for the NetNew System was RMB 12 million, with a remaining balance of RMB 2.393 million. After this guarantee, the total amount will be RMB 14 million [2]. Group 2: Subsidiary Information - The NetNew System is not classified as a dishonest executor [3]. - The company has confirmed that the NetNew System has a good credit reputation, operates normally, and has a strong debt repayment capability, with no overdue debts [7]. Group 3: Board and Shareholder Approval - The company's board of directors approved the guarantee proposal with unanimous consent during a meeting on April 21, 2025, and it was subsequently ratified at the annual shareholders' meeting on May 15, 2025 [8]. Group 4: Cumulative Guarantee Situation - As of the announcement date, the total external guarantees provided by the company and its subsidiaries amounted to RMB 142.291 million, representing 43.47% of the company's most recent audited net assets. The actual external guarantee balance was RMB 81.329 million, accounting for 24.84% of the net assets, with no overdue guarantees reported [10].