TYPICAL(SH:600302) Zheng Quan Zhi Xing·2025-08-22 09:21Business Overview - The company plans to initiate financial asset pledge business to activate financial assets, reduce settlement costs, and improve invoice issuance efficiency [1][2] - The maximum pledge amount for financial assets at any given time will not exceed 130 million yuan, which will be used for zero-margin issuance of bank acceptance bills, guarantees, letters of credit, and various loans [1][2] Purpose of the Business - The financial asset pledge business aims to enable zero-margin issuance of bank acceptance bills, guarantees, and letters of credit, thereby enhancing asset utilization efficiency and significantly lowering invoice costs [1][2] Pledge Limitations - The proposed financial asset pledge limit will not exceed 30 million yuan, and the pledge limit will not be shared, allowing for self-use [2] Validity Period - The approval for this business will be valid for one year from the date of the board's resolution [2] Implementation Entities - The business will be executed by the company's headquarters and its subsidiary, Standard Wanping, with no sharing of pledge limits [2] Partner Financial Institutions - The company will collaborate with reputable domestic banks capable of handling pledge financing for time deposits, large certificates of deposit, structured deposits, and bank wealth management products [2] Risk Control Measures - To mitigate risks associated with restricted margin, the company will prioritize pledging bills that mature later and will manage cash flow effectively to prevent overdue payment risks [3] - A dual-review mechanism will be established to ensure timely replacement of pledged bills and maintain liquidity [3] Decision-Making Process - The matter has been approved by the company's ninth board of directors at its seventeenth meeting, and the management will exercise decision-making authority within the specified limits [4]