河北华通线缆集团股份有限公司关于子公司申请授信并接受公司及实际控制人担保的进展公告

Core Viewpoint - The company, Hebei Huatuo Cable Group Co., Ltd., has announced the progress of its subsidiary's application for credit and acceptance of guarantees from the company and its actual controllers, involving a total guarantee amount of $1.1 million for HT International (Asia Pacific) Ltd. [2][5] Summary by Sections Guarantee Overview - The company has approved a comprehensive credit limit of up to 7 billion RMB or equivalent foreign currency for the year 2025, which includes various financial services such as loans and guarantees [5] - The total external guarantee amount provided by the company and its subsidiaries is capped at 5.2 billion RMB or equivalent foreign currency, which includes guarantees for subsidiaries [5][6] External Guarantee Details - The company plans to provide guarantees totaling no more than 4 billion RMB for subsidiaries with an asset-liability ratio below 70%, and up to 1.2 billion RMB for those above 70% [6] - The authorization for the chairman to sign relevant legal documents for credit financing is valid until the next annual shareholders' meeting [6] Subsidiary Information - HT International (Asia Pacific) Ltd. is a wholly-owned subsidiary of the company, established in June 2014, with a registered capital of $30 million [9] - As of December 31, 2024, HT International reported total assets of approximately 857.996 million RMB and a net asset of approximately 360.656 million RMB, with a debt ratio of 57.97% [9] Guarantee Contracts - The company has signed a guarantee agreement with Shenzhen Leasing Hong Kong Company for HT International, ensuring the latter's obligations under the lease agreement [10][8] - The guarantee is irrevocable and unconditional, covering all obligations of HT International, with a guarantee period from August 13, 2025, to August 12, 2031 [12][15] Board Opinion - The board believes that the guarantees provided to the subsidiary are necessary for the company's daily operations and align with the overall interests and development strategy of the company [17]