YODON(SZ:002406) Jin Rong Jie·2025-08-26 00:28Core Points - The company has established an external guarantee management system to regulate external guarantees, protect company assets, and reduce operational risks [1][2] - The system applies to the company and its subsidiaries, covering various forms of guarantees such as loans and bank letters of credit [1] Summary by Sections External Guarantee Management - The external guarantee management system aims to standardize the management of external guarantees and safeguard the company's financial security [1] - External guarantees include providing guarantees, mortgages, or pledges for others, such as loan guarantees and bank letters of credit [1] Approval Procedures - The approval process for external guarantees requires strict examination of the guaranteed party, including a review of their credit status and an analysis of the benefits and risks involved [1] - Guarantee applicants must submit various documents, including basic company information and audited reports for the past three years [1] - The finance department is responsible for verifying the authenticity of the documents, while the operational department assesses the repayment capacity [1] Board and Shareholder Approval - External guarantees must be approved by the board of directors, requiring a majority vote from the directors present, with at least two-thirds of the attending directors agreeing [1] - Related guarantees also require approval from the shareholders' meeting [1] - If the total amount of external guarantees exceeds 50% of the latest audited net assets, board approval is needed before submission to the shareholders' meeting [1] Risk Management - The company must ensure that guarantee contracts are in writing and undergo review, with any changes requiring re-approval [2] - The company monitors the guaranteed party's situation to prevent risks, requiring regular reports on borrowing status [2] - If repayment is not made on time, the company will take remedial measures [2] - The guaranteed party must provide counter-guarantees [2] Information Disclosure and Accountability - The company is obligated to disclose guarantee matters truthfully to registered accountants and report to the Shenzhen Stock Exchange in a timely manner [2] - The system specifies responsibilities for individuals involved, requiring timely disclosure and correction of any violations, with responsible personnel liable for losses caused by violations [2] - This system will take effect from the date of approval by the shareholders' meeting [2]