Shannon Semi(SZ:300475) Shang Hai Zheng Quan Bao·2025-09-01 20:42Core Viewpoint - The announcement details the provision of guarantees by the company for its wholly-owned subsidiaries and the acceptance of guarantees from related parties, highlighting significant financial commitments and the company's overall financial health [1][2][3]. Group 1: Guarantee Provision - As of the announcement date, the maximum guarantee amount is set at RMB 10 million, with the total cumulative guarantee (including counter-guarantees) amounting to RMB 77.14 billion, which represents 262.63% of the company's audited net assets for 2024 [2][8]. - The company has provided guarantees totaling RMB 7.14 billion for its wholly-owned subsidiary, Shenzhen Xinlianxin Storage Technology Co., Ltd. [2][8]. - The company approved a total guarantee limit of up to RMB 82.4 billion for several subsidiaries, including RMB 70.85 billion for United Chuangtai Technology Co., Ltd. and RMB 8.65 billion for Xinlianxin [3][4]. Group 2: Related Party Guarantees - The company accepted guarantees from related parties, allowing for a maximum of RMB 23 billion in credit enhancement measures, which include guarantees and counter-guarantees [6]. - The company and a related party agreed to provide a joint liability guarantee of up to RMB 10 million for Xinlianxin's loan application to Shanghai Pudong Development Bank [6][7]. Group 3: Guarantee Adjustments - Following the annual shareholders' meeting, the company adjusted the guarantee amounts for its subsidiaries, increasing the guarantee for United Chuangtai to RMB 72.25 billion and reducing the amounts for Chuangtai Electronics and Xinlianxin to RMB 9 million and RMB 7.35 billion, respectively [4]. Group 4: Cumulative Guarantees from Related Parties - Since the beginning of the year, a related party has provided guarantees totaling RMB 83.75 billion, with a cumulative total of RMB 103.13 billion for the company [9]. - The company has not provided any guarantees for the related party or its affiliates during the current year or in previous years [9].