Zheng Quan Zhi Xing·2025-08-29 16:52Summary of Key Points Core Viewpoint - The company plans to provide a guarantee of up to 2 billion RMB for its wholly-owned subsidiary, Zhengzhou Coal Mining Machinery Group Co., Ltd., to support its normal production and operational needs following a business restructuring [1][2]. Group 1: Guarantee Details - The proposed guarantee amount is 200 million RMB, with no existing guarantee balance [1]. - The guarantee is expected to be within 10% of the company's latest audited net assets and does not require shareholder approval [2]. - The guarantee will be valid for 12 months from the date of board approval [2]. Group 2: Subsidiary Information - Zhengzhou Coal Mining Machinery Group Co., Ltd. is a wholly-owned subsidiary of the company, established on May 15, 2020, with a registered capital of 2 billion RMB [3]. - As of June 30, 2025, the subsidiary reported total assets of 958.04 million RMB and total liabilities of 342.55 million RMB, with a net profit of 18.10 million RMB for the first half of 2025 [3]. Group 3: Necessity and Reasonableness of the Guarantee - The guarantee is deemed necessary to ensure the subsidiary's operational stability post-restructuring and is expected to have no negative impact on the company's normal operations or shareholder interests [5]. - The subsidiary is not classified as a dishonest debtor and has no significant litigation or arbitration issues affecting its debt repayment capacity [4][5]. Group 4: Board Approval - The board of directors approved the guarantee proposal with a unanimous vote of 9 in favor, indicating confidence in the subsidiary's financial health and operational status [5].