Changshu Fengfan Co.,Ltd.(SH:601700) Shang Hai Zheng Quan Bao·2025-08-12 20:46Core Viewpoint - The announcement details the renewal of a guarantee provided by the company to its subsidiary, Suzhou Jingying Optoelectronics Technology Co., Ltd., without occupying new guarantee limits [2][6]. Summary by Sections Guarantee Overview - The company has provided a guarantee amounting to 10 million yuan to Suzhou Jingying Optoelectronics, renewing an existing contract with no new guarantee limits utilized [2][6]. - As of the announcement date, the total guarantee balance provided by the company to Jingying Optoelectronics is 700 million yuan [2]. Company and Subsidiary Information - Suzhou Jingying Optoelectronics is a subsidiary in which the company holds a 60% stake, with a registered capital of 150 million yuan [4][5]. - The subsidiary specializes in the research, development, and production of solar cell silicon wafers and related products [4]. Guarantee Agreement Details - The guarantee is a joint liability guarantee with a three-year term from the debt performance deadline [6]. - The guarantee covers all costs related to the debt, including principal, interest, penalties, and legal fees [6]. Necessity and Reasonableness of the Guarantee - The guarantee is deemed necessary and reasonable as it supports the subsidiary's normal business operations and does not affect shareholder interests [6]. - The company’s board has assessed the subsidiary's ability to repay the debt, indicating manageable risk [6]. Total Guarantee Amounts - The total amount of guarantees provided by the company to its subsidiaries is 1.155 billion yuan, with 542.8 million yuan provided to subsidiaries with an asset-liability ratio exceeding 70% [6]. - The guarantees represent 58.48% of the company's most recent audited net assets [6]. Current Guarantee Status - As of the announcement date, the company has no overdue guarantees [7].