LOPAL(SH:603906) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-09-05 05:06Summary of Key Points Core Viewpoint - The company, Jiangsu Longpan Technology Group Co., Ltd., has provided a total of RMB 150 million in joint liability guarantees for its subsidiaries, Changzhou Liyuan New Energy Technology Co., Ltd. and Liyuan (Jiangsu) Technology Co., Ltd., to support their bank credit applications [2][4]. Group 1: Guarantee Overview - The company has provided a total guarantee of RMB 150 million for its subsidiaries, which are under its control, and the risk is manageable within the company [2][4]. - As of the announcement date, the total actual guarantee balance for the company and its subsidiaries is RMB 5.58 billion, with no overdue guarantees [4][14]. - The company has established a comprehensive risk management system for guarantee operations, including dynamic tracking of the financial status of the guaranteed parties [13]. Group 2: Financial Data and Ratios - The total approved guarantee amount for the company and its subsidiaries is RMB 141.7 billion, which exceeds 447.04% of the company's audited net assets attributable to shareholders for the year 2024 [14]. - The actual guarantee balance of RMB 5.58 billion accounts for 176.05% of the company's audited net assets for 2024 [14]. - The company has no overdue guarantees and has not provided guarantees for shareholders or related parties [14]. Group 3: Decision-Making Process - The company held board meetings on February 21 and April 17, 2025, to approve the guarantee and credit limit proposals for the year [5]. - The guarantees include various types such as performance guarantees and credit guarantees, with a total limit of RMB 13.95 billion valid for 12 months from the date of approval [5]. Group 4: Subsidiary Information - Changzhou Liyuan has a registered capital of RMB 834.13 million and is involved in technology services and electronic materials manufacturing [7]. - Liyuan (Jiangsu) has a registered capital of RMB 300 million and focuses on electronic materials research and development [8]. Group 5: Necessity and Reasonableness of Guarantees - The guarantees are deemed necessary to support the subsidiaries' operational needs and are not expected to harm the interests of the company or its shareholders [12]. - The company maintains sufficient control over the subsidiaries, ensuring that the risks associated with the guarantees are manageable [12].