Shandong Golden Empire Precision Machinery Technology (SH:603270) Shang Hai Zheng Quan Bao·2025-08-11 19:23Core Viewpoint - The company, Shandong Jindi Precision Machinery Technology Co., Ltd., has signed a maximum guarantee contract with Industrial Bank Co., Ltd. Liaocheng Branch, providing a joint liability guarantee of 30 million yuan for its subsidiary, Liaocheng Boyuan Energy Saving Technology Co., Ltd., for debts incurred between August 11, 2025, and August 11, 2026 [1][2]. Summary by Sections Guarantee Details - The guarantee amount provided by the company is 30 million yuan, with no counter-guarantee from the guaranteed party [1][2]. - The guarantee is structured as a joint liability guarantee, covering all debts arising from the financing agreements [2][5]. Internal Decision-Making Process - The company held its 15th meeting of the third board of directors on December 9, 2024, and the fourth extraordinary general meeting of shareholders on December 26, 2024, where the proposal for the 2025 comprehensive financing and guarantee limits was approved [2]. - All external guarantees provided by the company this year are within the authorized limit approved by the shareholders' meeting, thus no additional board meeting is required for approval [2]. Cumulative Guarantee Situation - As of the announcement date, the total external guarantees provided by the company and its subsidiaries amount to 1.355 billion yuan, with guarantees to controlling subsidiaries totaling 1.28 billion yuan, representing 62.94% and 59.45% of the company's latest audited net assets, respectively [5]. - The company has provided external guarantees totaling 75 million yuan to third parties, primarily for financing needs [5]. Necessity and Reasonableness of the Guarantee - The guarantee is deemed necessary to meet the operational needs of the company and its subsidiaries, aligning with the overall development strategy of the company [5]. - The company maintains effective control over the operational risks and decision-making of the guaranteed parties, indicating that the guarantee risks are manageable [5]. Board of Directors' Opinion - The guarantee matter falls within the authorization range approved in the board and shareholders' meetings, thus no further board meeting is required for additional approval [5]. Status of Guarantees - The company has not provided guarantees for its controlling shareholders or related parties, and there are no overdue guarantees as of the announcement date [6].