成都西菱动力科技股份有限公司关于为控股孙公司融资提供担保的公告

Overview - Chengdu Xiling Power Technology Co., Ltd. has provided a guarantee for its subsidiary Chengdu Xiling New Energy Technology Co., Ltd. for a loan of RMB 10 million from Chengdu Bank [2][4]. Group 1: Guarantee Details - The guarantee is part of the authorized limit from the 2024 third extraordinary general meeting regarding financing for subsidiaries, thus does not require further approval from the board or shareholders [2]. - The guarantee covers the loan principal, interest, and any related costs, including legal fees and other expenses incurred in enforcing the guarantee [4][5]. - The guarantee period is set for three years from the maturity date of the principal debt, with specific conditions for early termination or extension [5]. Group 2: Subsidiary Information - Chengdu Xiling New Energy Technology Co., Ltd. was established on December 20, 2019, with a registered capital of RMB 10 million and is primarily engaged in the research, manufacturing, and sales of turbochargers and related products [3]. - The company is indirectly 70% owned by Chengdu Xiling Power Technology Co., Ltd. and is not listed as a dishonest executor [3]. Group 3: Financial Status and Risk Assessment - As of the announcement date, the total amount of external guarantees provided by the company is RMB 98.5 million, which accounts for 5.93% of the latest audited net assets, with no overdue guarantees or litigation-related guarantees reported [7]. - The board believes that the financial risks associated with the guarantee are manageable, given the high ownership stake and control over the subsidiary's operations and cash flow [6].