ALLWIN TELECOMMUNICATION CO.LTD(SZ:002231) Zheng Quan Zhi Xing·2025-08-27 16:40Core Viewpoint - The company, Aowei Communication Co., Ltd., is facing regulatory issues due to unauthorized guarantees provided by its subsidiary, which could lead to significant financial and operational consequences [1][2][3]. Summary by Sections 1. Violation of Guarantee Procedures - The legal representative of the subsidiary, Donghexin New Materials Industry (Wuxi) Co., Ltd., issued a guarantee letter to provide joint liability for a financing of 50 million yuan to Dongtai Dongfenghao New Materials Technology Co., Ltd. without proper board or shareholder approval [1][2]. - The guarantee amount of 50 million yuan accounts for 18.55% of the company's latest audited net assets [1][2]. 2. Basic Information of the Guaranteed Party - Dongtai Dongfenghao is involved in various activities including research, production, and sales of materials, and is controlled by the same individuals who are directors of Aowei Communication [2]. 3. Impact on the Company - The company plans to assert that the guarantee letter is ineffective due to the lack of proper disclosure and approval, which introduces uncertainty regarding the potential financial impact [2][3]. - If the company is required to honor the guarantee, it could lead to significant losses [2]. 4. Remedial Measures - The company intends to negotiate with the financing party regarding the guarantee letter and may seek legal intervention if negotiations fail [3]. - Measures will be taken to strengthen management and oversight of key operational areas to prevent similar violations in the future [3]. 5. Risk Warnings - The company has been placed under delisting risk warnings due to financial performance issues, including a reported net loss of 46.11 million yuan for the fiscal year 2024 [4][5]. - The company’s stock may face additional risk warnings if the unauthorized guarantee issue is not resolved within a month [5].