Warom Incorporated(SH:603855) Shang Hai Zheng Quan Bao·2025-09-01 21:16Core Viewpoint - The company 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 and development in the Middle East region [2][4][6]. Group 1: Guarantee Details - The company has approved a performance guarantee amounting to $4,190 for Huaron Middle East and North Africa Co., which is included in the total guarantee amount [4][8]. - The total amount of guarantees provided by the company to its subsidiary is $4,190, which accounts for 0.01% of the company's most recent audited net assets [8][9]. - There are no overdue guarantees reported by the company [9]. 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 established on January 11, 2018 [5][6]. - The subsidiary engages in various trades, including lighting poles, electrical components, and air conditioning [6]. Group 3: Rationale for Guarantee - The guarantee is necessary to meet local market demands for the company's products, allowing the subsidiary to issue performance guarantees to counterparties, which it cannot obtain from banks due to credit limitations [6][7]. - The company maintains effective control and management over the subsidiary, minimizing the risk associated with the guarantee [7].