SHUANGHUAN COMPANY(SZ:002472) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-08-16 05:57Summary of Key Points Core Viewpoint - Zhejiang Shuanghuan Transmission Machinery Co., Ltd. has approved financing guarantees for its subsidiaries to ensure sustainable and healthy development of its operations, with a total guarantee amount not exceeding RMB 43.10 billion [2]. Group 1: Guarantee Overview - The company plans to provide financing guarantees for certain wholly-owned and controlling subsidiaries, with a maximum guarantee amount of RMB 43.10 billion [2]. - Additionally, controlling subsidiaries may provide mutual guarantees up to RMB 1.40 billion [2]. - The effective period for these guarantees is from the date of approval at the 2024 annual general meeting until the next annual general meeting in 2025 [2]. Group 2: Guarantee Progress - The company has signed a guarantee contract with Bank of Communications Co., Ltd. for its wholly-owned subsidiary, Zhejiang Huan Yi Technology Co., Ltd., with a maximum principal amount of RMB 50 million [3]. - This guarantee falls within the approved limit and does not require further board or shareholder approval [3]. Group 3: Main Content of Guarantee Agreement - The creditor is Bank of Communications Co., Ltd. Hangzhou Huazhe Plaza Branch, and the guarantor is Zhejiang Shuanghuan Transmission Machinery Co., Ltd. [4]. - The debtor is Zhejiang Huan Yi Technology Co., Ltd., and the guarantee is a joint liability guarantee [4]. - The guarantee covers all principal debts and associated costs under the main contract [5]. Group 4: Guarantee Amount and Status - The total balance of guarantees provided by the company and its subsidiaries is RMB 1.668 billion, which is 18.92% of the company's audited net assets as of December 31, 2024 [6]. - There are no overdue guarantees or guarantees involving litigation, and no amounts are owed due to adverse judgments [6].