WOTE(SZ:002886) Zheng Quan Zhi Xing·2025-09-05 12:20Core Viewpoint - The company has approved adjustments to its financing guarantee limits for its subsidiary, Chongqing Water Intelligent New Materials Technology Co., Ltd., reducing the limit from 600 million RMB to 550 million RMB, while also allowing a new guarantee for a sealing products company of up to 50 million RMB [1][6]. Summary by Sections Adjustment of Credit and Guarantee Limits - The company has adjusted the financing guarantee limit for Chongqing Water Intelligent from 600 million RMB to 550 million RMB to meet the funding needs of its newly acquired subsidiary, the sealing products company, which will seek a credit limit of up to 50 million RMB [1][6]. Basic Information of the Guaranteed Entity - Chongqing Water Intelligent was established on June 4, 2019, with a registered capital of 400.4 million RMB. Its business scope includes the research, production, and sales of polymer materials and related products [2]. Financial Performance of Chongqing Water Intelligent - As of December 31, 2024, Chongqing Water Intelligent had total assets of 869.83 million RMB, total liabilities of 521.29 million RMB, and a net profit of -22.9 million RMB. By June 30, 2025, total assets were 864.30 million RMB, with total liabilities of 524.17 million RMB and a net profit of -8.41 million RMB [3]. Acquisition of Sealing Products Company - The company plans to acquire 100% of the shares of Huarka Sealing Products (Shanghai) Co., Ltd. for 25.716 million RMB, which will become a wholly-owned subsidiary post-acquisition. The acquisition requires approval from the shareholders' meeting [4][5]. Authorization for Financing Decisions - The board of directors has proposed to authorize the legal representative or designated personnel to make financing decisions within the approved limits and to sign relevant contracts with financial institutions [5][6]. Board and Supervisory Opinions - Both the board and the supervisory committee have agreed to the adjustments in the financing guarantee limits and the new guarantee for the sealing products company, pending approval from the shareholders' meeting [6]. External Guarantee Status - As of the announcement date, the company has no overdue guarantees or potential litigation issues, with total guarantees to subsidiaries amounting to 322.05 million RMB, representing 18.12% of the latest audited net assets [6].