CFMOTO(SH:603129) Shang Hai Zheng Quan Bao·2025-09-09 21:44Core Viewpoint - Zhejiang Chunfeng Power Co., Ltd. has approved a guarantee for its overseas subsidiary CFMOTO MEXICO STRUCTURAL TECHNOLOGIES, S.A. DE C.V. to lease an industrial facility, with a guarantee amount not exceeding 7 million USD [3][8][19]. Group 1: Board Meeting Details - The sixth board meeting of Zhejiang Chunfeng Power was held on September 9, 2025, with all 9 directors present, and the meeting procedures complied with relevant laws and regulations [2][4]. - The board unanimously approved the proposal to provide a performance guarantee for the overseas subsidiary [4][19]. Group 2: Guarantee Details - The guarantee amount is capped at 7 million USD, and as of the announcement date, no guarantees have been previously provided for this subsidiary [8][20]. - The guarantee does not require a counter-guarantee from the subsidiary, and there are no overdue guarantees reported [9][20]. Group 3: Subsidiary Information - CFMOTO MEXICO STRUCTURAL TECHNOLOGIES, S.A. DE C.V. is a newly established subsidiary with a registered capital of 50,505 pesos, focusing on the design, manufacturing, and sales of all-terrain vehicle parts [11][12]. - The company holds a 99% stake in the subsidiary through a wholly-owned subsidiary and a 1% stake through another subsidiary [13]. Group 4: Risk Management - The company acknowledges potential risks associated with the overseas manufacturing base, including market environment and policy changes, but emphasizes its project management experience and proactive measures to mitigate these risks [14]. - The board believes that providing the guarantee is necessary for the subsidiary to successfully lease the facility and conduct production activities [19].