方大特钢: 方大特钢关于为子公司提供担保的公告

Core Viewpoint - The company has announced a total guarantee amount of RMB 57.7 million for its subsidiaries, which is aimed at supporting their operational needs and ensuring financial stability [1][6]. Summary by Sections Guarantee Details - The company provided guarantees to five subsidiaries, with the total guarantee amounting to RMB 57.7 million. The breakdown is as follows: - Jiangxi Fangda Special Steel Automotive Suspension Group Co., Ltd.: RMB 74 million - Chongqing Hongyan Fangda Automotive Suspension Co., Ltd.: RMB 120 million - Jinan Fangda Heavy弹 Automotive Suspension Co., Ltd.: RMB 75 million - Jiangxi Fangda Changli Automotive Parts Co., Ltd.: RMB 258 million - Benxi Manchu Autonomous County Tongda Iron Selection Co., Ltd.: RMB 50 million [1][2][6]. Cumulative Guarantee Situation - As of the announcement date, the total external guarantees provided by the company and its subsidiaries amount to RMB 411.3 million, which represents 44.24% of the company's latest audited net assets [1][6]. Decision-Making Process - The guarantee was approved during the fourth meeting of the ninth board of directors, with unanimous consent from all directors. The decision was made based on the operational needs of the subsidiaries [1][6]. Financial Health of Guaranteed Entities - The guaranteed subsidiaries have a debt-to-asset ratio below 70%, indicating stable operations and good creditworthiness. This suggests they have the capacity to repay their debts [6]. Board's Opinion - The board of directors unanimously agreed that the guarantees are necessary for the subsidiaries' operations and that the subsidiaries possess the ability to repay their debts. The guarantees do not harm the interests of the company or its shareholders [6].