Warom Incorporated(SH:603855) Zheng Quan Zhi Xing·2025-09-01 08:19Summary of Key Points Core Viewpoint - The company, Huaron Technology Co., Ltd., has provided a performance guarantee of up to $500,000 for its subsidiary, Huaron Middle East and North Africa Co., to support its business operations in the Middle East [1][4]. Group 1: Guarantee Overview - The company has provided a performance guarantee amounting to $41,900 for Huaron Middle East and North Africa, which is included in the total guarantee amount [1][4]. - The total amount of guarantees provided by the company to its subsidiaries is $41,900, which accounts for 0.01% of the company's most recent audited net assets [4]. Group 2: Subsidiary Information - Huaron Middle East and North Africa Co. is a limited liability company registered in Dubai, UAE, with a registered capital of $1 million and was established on January 11, 2018 [2][3]. - The company engages in various trades, including lighting poles, electrical components, and air conditioning [2]. Group 3: Financial Indicators - The total assets of Huaron Middle East and North Africa were approximately ¥122.85 million, with total liabilities of about ¥76.06 million, resulting in net assets of approximately ¥46.79 million [3]. - The company's revenue for the last audited year was approximately ¥77.92 million, with a net profit of approximately ¥19.07 million [3]. Group 4: Necessity and Reasonableness of Guarantee - The guarantee is necessary to meet local market demands and facilitate transactions, as the subsidiary cannot obtain bank guarantees due to credit limitations [4]. - The guarantee aligns with the company's operational needs and overall development strategy [4]. Group 5: Risk Management - The company maintains effective control and management over its subsidiary, which minimizes the risk associated with the guarantee [4]. - There are no overdue guarantees, and the company has not provided guarantees to its controlling shareholders or related parties [4].