YUANLI(SH:603217) Zheng Quan Zhi Xing·2025-08-27 16:41General Principles - The company establishes a management system for external guarantees to regulate its guarantee behavior, control risks, and ensure asset safety, based on relevant laws and regulations [1][2] - The system applies to the company and its wholly-owned, controlling subsidiaries, and companies under actual control [1] Guarantee Management Principles - The company must comply with laws and regulations, follow principles of equality, voluntariness, fairness, integrity, and mutual benefit, and obtain approval from the shareholders' meeting or board of directors for any external guarantees [2][3] - Guarantees provided to subsidiaries are treated as external guarantees, and the company can estimate future guarantee limits for subsidiaries based on their asset-liability ratios [2][3] Guarantee Review and Decision Authority - The board of directors must verify the credit status of the guaranteed party and ensure that guarantees are not provided without board or shareholder approval [4][5] - Specific thresholds for board approval include guarantees below 10% of the latest audited net assets and total guarantees below 50% of the latest audited net assets [5][6] Management and Information Disclosure of External Guarantees - Written guarantee contracts must be established after board or shareholder approval, detailing all necessary terms [7][8] - The company must continuously monitor the financial status of the guaranteed party and take necessary actions if the party's situation deteriorates [8][9] Legal Responsibilities - The board must take protective measures to recover losses from guarantees not repaid by controlling shareholders or related parties [9][10] - Any violations of guarantee regulations must be disclosed promptly, and corrective actions should be taken to minimize losses [9][10]