ETS(SZ:002545) Sou Hu Cai Jing·2025-09-13 08:15Summary of Key Points Core Viewpoint - Qingdao Oriental Tower Co., Ltd. has provided a guarantee for its subsidiary, Laos Kaiyuan Mining Co., Ltd., to support its foreign exchange transactions and mitigate market risks, with a maximum guarantee amount of 20 million RMB [1][4]. Group 1: Guarantee Overview - The company signed a "Maximum Guarantee Contract" with CITIC Bank Suzhou Branch, providing joint liability guarantee for all debts related to forward foreign exchange transactions [1][3]. - The total authorized guarantee limit for the company and its subsidiaries is up to 980 million RMB and 230 million USD, with specific amounts allocated for Laos Kaiyuan [2][10]. Group 2: Financial Data and Conditions - As of the announcement date, the company's total external guarantee balance is approximately 768.4 million RMB, which includes 82.7 million USD and 181 million RMB, representing 8.62% of the company's latest audited net assets [5][14]. - The guarantee for Laos Kaiyuan is structured as a joint liability guarantee, with a term of three years from the maturity of the main contract [3][12]. Group 3: Board's Opinion - The board believes that Laos Kaiyuan has a stable financial condition and good debt repayment capability, and the guarantee will not significantly impact the company's normal operations or harm the interests of shareholders [4][13].