Cangzhou Mingzhu(SZ:002108) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-08-23 17:53Core Viewpoint - The company has approved a guarantee for its wholly-owned subsidiary, Wuhu Mingzhu Diaphragm Technology Co., Ltd., with a total guarantee amount not exceeding RMB 120 million, which is aimed at supporting the subsidiary's operational needs and enhancing its efficiency [2][12]. Group 1: Guarantee Overview - The company held board meetings on April 25 and May 16, 2025, to approve the guarantee for Wuhu Mingzhu Diaphragm [2]. - The guarantee is set to last until the date of the 2025 annual shareholders' meeting [2]. Group 2: Guarantee Progress - On August 22, 2025, the company signed a maximum guarantee contract with Wuhu Yangzi Rural Commercial Bank for a credit facility of RMB 30 million for its subsidiary [3][10]. Group 3: Subsidiary Information - Wuhu Mingzhu Diaphragm Technology Co., Ltd. has a registered capital of RMB 206 million and is fully owned by the company [4][7]. - The subsidiary's business scope includes new material technology research and development, manufacturing and sales of new membrane materials, and various technical services [5]. Group 4: Financial Data - The subsidiary is not listed as a dishonest executor and has stable financial conditions [6]. - The company has provided guarantees totaling RMB 500 million for its subsidiaries, which represents 66.08% of its total assets and 97.08% of its net assets as of the end of 2024 [13]. Group 5: Current Guarantee Status - As of the announcement date, the company has a total external guarantee amount of RMB 339.4 million, which accounts for 44.85% of its total assets and 65.90% of its net assets as of the end of 2024 [14].