Ding Sheng New Material(SH:603876) Shang Hai Zheng Quan Bao·2025-08-19 19:55Group 1 - The company has provided a guarantee of RMB 38 million for its wholly-owned subsidiary, Liansheng New Materials, to meet its operational financing needs [2][5] - The guarantee is a joint liability guarantee with a term of three years from the debt performance deadline, and there is no counter-guarantee involved [2][5] - The decision for the guarantee was approved by the company's board of directors and the annual shareholders' meeting, ensuring compliance with internal decision-making procedures [3] Group 2 - The guarantee covers all principal and interest related to the main debt, including penalties and costs incurred in enforcing the debt [6] - The necessity and reasonableness of the guarantee are justified by the stable development and good financial condition of the subsidiary, which is expected to repay its debts [6] - As of the announcement date, the company has a total external guarantee balance of approximately RMB 314.33 million, which accounts for 47.13% of the company's latest audited net assets [7]