Hangzhou Cables(SH:603618) Zheng Quan Zhi Xing·2025-08-18 16:30Summary of Key Points Core Viewpoint The company, Hangzhou Cable Co., Ltd., has announced a guarantee for its wholly-owned subsidiary, Zhejiang Fuchunjiang Optoelectronics Technology Co., Ltd., amounting to 80 million yuan to support its operational financing needs. This guarantee is part of a broader strategy to ensure the financial stability and operational continuity of its subsidiaries. Group 1: Guarantee Details - The guarantee amount provided by the company is 80 million yuan, with the actual guarantee balance being 84.9308 million yuan [1][4]. - The guarantee is for a comprehensive credit loan application made by the subsidiary to Industrial Bank Co., Ltd. for the period from August 14, 2025, to August 13, 2026 [1][4]. - There is no counter-guarantee provided for this guarantee [1][4]. Group 2: Internal Decision-Making Process - The company’s board approved a total guarantee limit of up to 1.9 billion yuan for its subsidiaries during the 2025 fiscal year, allowing for adjustments among different subsidiaries as needed [2][5]. - The guarantee for Fuchunjiang Optoelectronics was adjusted from the guarantee limit allocated to another wholly-owned subsidiary, Jiangxi Hangdian Copper Foil Co., Ltd. [2][3]. Group 3: Financial Overview - As of the announcement date, the total external guarantees provided by the company and its subsidiaries amount to 1.9 billion yuan, which represents 63.24% of the company's audited net assets for 2024 [5]. - The company has not reported any overdue external guarantees [1][5]. Group 4: Necessity and Reasonableness of the Guarantee - The guarantee is deemed necessary to meet the operational funding needs of the subsidiary, ensuring smooth business operations and promoting the company's sustainable development [4][5]. - The company maintains effective control and supervision over the subsidiary, which mitigates the risk associated with the guarantee [4][5].