AXNMC(SH:600255) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-08-19 00:06Core Points - Anhui Xinke New Materials Co., Ltd. signed a maximum guarantee contract with Hangzhou Bank for a financing amount of RMB 50 million for its subsidiary Xinke Copper Industry [2][3] - The guarantee period is three years, from August 20, 2025, to August 19, 2028, and there is no counter-guarantee involved [2][3] - The total guarantee amount provided by the company to Xinke Copper Industry is RMB 1.39626 billion, including the new contract [2][5] Guarantee Details - The guarantee is a joint liability guarantee covering all principal, interest, penalties, and other related costs [4] - The board of directors and the annual general meeting approved the guarantee, ensuring it aligns with the company's strategic interests [4][5] - The company has a total external guarantee amount of RMB 2.26076 billion, which is 158.02% of the net assets attributable to the parent company for the fiscal year 2024 [5][6] Necessity and Reasonableness - The guarantee is deemed necessary for the subsidiary's business development and operational needs, and it is manageable within the company's oversight [4] - The company has the capacity to monitor the subsidiary's creditworthiness and performance, mitigating potential risks [4]