Zheng Quan Zhi Xing·2025-08-14 11:19Summary of Key Points Core Viewpoint - Shenzhen Shouhang New Energy Co., Ltd. has approved a comprehensive credit limit of up to 8 billion RMB and provided a guarantee of up to 1.5 billion RMB for its wholly-owned subsidiary, Guangdong Shouhang Smart New Energy Technology Co., Ltd. [1] Group 1: Guarantee Overview - The company held board meetings on April 25, 2025, and May 20, 2025, to approve the application for credit and guarantee limits [1] - The guarantee for Guangdong Shouhang is valid for twelve months from the date of approval by the annual general meeting [1] Group 2: Guarantee Progress - The total amount of guarantees provided by the company for Guangdong Shouhang before this guarantee was 1,099.60 million RMB, and after this guarantee, it remains the same, with a remaining available guarantee amount of 400.40 million RMB [2] Group 3: Basic Information of the Guaranteed Party - Guangdong Shouhang engages in various activities including electrical installation services, power generation, and manufacturing of photovoltaic equipment [2] - The audited financials show total revenue of 775.43 million RMB and a net profit of 71.06 million RMB [2] Group 4: Main Content of the Guarantee Agreement - The guarantee amount is set at 200 million RMB, with a guarantee period from August 14, 2025, to July 23, 2026 [3] - The guarantee includes all debts arising during the contract period, including interest and other related costs [3] Group 5: Cumulative Guarantee Amount and Overdue Guarantees - After this guarantee, the total guarantee amount by the company and its subsidiaries is 1,164.60 million RMB, which is 43.94% of the audited net assets as of December 31, 2024 [3] - The total balance of guarantees provided is 208.72 million RMB, accounting for 7.87% of the audited net assets [3] Group 6: Additional Information - The company and its subsidiaries do not have any overdue guarantees or guarantees related to litigation as of the date of this announcement [4]