PNC(SH:603690) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-09-05 04:54Core Viewpoint - The company has approved guarantees for its wholly-owned and controlled subsidiaries, which are not classified as related-party guarantees, to support their bank loan applications [1][2][3]. Summary by Sections Guarantee Overview - The company will provide a total guarantee amount not exceeding 8.5 billion RMB for the fiscal year 2025, with 7.95 billion RMB allocated for subsidiaries with a debt-to-asset ratio exceeding 70% and 550 million RMB for those below this threshold [3][4]. Guarantee Amounts and Balances - The company has provided a guarantee of 350 million RMB for Shanghai Zhichun System Integration Co., Ltd., with a cumulative guarantee balance of 646.84 million RMB as of the announcement date [2][4]. - For Shanghai Bohui Technology Co., Ltd., the guarantee amount is 20 million RMB, with a cumulative balance of 63 million RMB [2][4]. - The guarantee for Zhuhai Zhimi Semiconductor Technology Co., Ltd. is 48 million RMB, with a cumulative balance of 0 RMB [2][4]. Basic Information of Guaranteed Entities - Financial data for the year 2024 for the subsidiaries has been audited, confirming their operational status [5][6][7]. Main Contractual Terms - The maximum guarantee amount for the contracts with China Everbright Bank, Guangfa Bank, and Ping An Bank ranges from 20 million to 350 million RMB, with a joint liability guarantee structure [8][9][12][13][16]. - The guarantee period for each specific loan is calculated separately, lasting three years from the debt maturity date [10][12][16]. Company’s Total External Guarantee Situation - As of the announcement date, the company's total external guarantees amount to 2.995 billion RMB, representing 62% of the audited net assets attributable to shareholders for the fiscal year 2024 [17].