Speechocean(SH:688787) Zheng Quan Zhi Xing·2025-08-29 10:24Core Viewpoint - The company has established a comprehensive external guarantee management approach to protect its interests and those of its investors, ensuring risk control and promoting stable development [1]. Group 1: General Principles - The management approach applies to guarantees provided by the company for third parties, including its subsidiaries, for financial activities such as loans and leasing [1]. - The purpose of the management approach is to enhance internal monitoring and risk assessment related to guarantees, aiming to minimize potential losses due to the financial deterioration of the guaranteed parties [1][2]. - The company will not generally provide guarantees for third parties outside its subsidiaries unless approved by authorized internal bodies [2]. Group 2: Approval Procedures - Guarantees must be approved by the board of directors or shareholders in accordance with legal procedures [2]. - The company requires collateral or guarantees from the guaranteed parties to mitigate risks associated with the guarantees provided [2][3]. - Specific guarantee actions exceeding certain thresholds, such as 50% of the latest audited net assets, require shareholder approval [4]. Group 3: Risk Control Measures - The company must conduct a credit assessment of the guaranteed parties, including reviewing financial statements and forecasts [3]. - The finance department is responsible for analyzing the creditworthiness and operational status of the guaranteed parties before making recommendations on guarantees [3]. - The company must manage guarantee contracts diligently, ensuring all documentation is accurate and up-to-date [6]. Group 4: Monitoring and Reporting - The finance department must issue reminders for repayment one month before the debt due date and monitor the financial status of the guaranteed parties regularly [6][7]. - If a guaranteed party fails to meet repayment obligations, the company must take action within ten working days to enforce the guarantees [7]. - The company is required to disclose information if a guaranteed party fails to repay within fifteen trading days or faces bankruptcy [7]. Group 5: Implementation and Amendments - The management approach is subject to approval by the shareholders and can be amended as necessary [8]. - The approach applies to guarantees provided by the company's subsidiaries, ensuring consistency in risk management practices [8].