Core Viewpoint - The company has provided guarantees for its subsidiaries, with a total guarantee amount of RMB 5.9 billion approved for the year 2025, and has already provided RMB 44.2 million in guarantees within the approved limits [5][6]. Summary by Sections Guarantee Overview - The company has approved a total guarantee amount of RMB 5.9 billion for its subsidiaries during the 2025 fiscal year, with specific allocations for each subsidiary [5]. - The company has provided guarantees of RMB 10 million for Tianshui Changcheng Switch Factory Group Co., Ltd., RMB 20 million for Tianshui 213 Electric Group Co., Ltd., RMB 4.2 million for Changcheng Electric Tianshui Logistics Co., Ltd., and RMB 10 million for Tianshui Electric Drive Research Institute Group Co., Ltd. [2]. Guarantee Progress - Recently, the company has provided a total of RMB 44.2 million in guarantees to the aforementioned subsidiaries, which is within the approved limit from the annual shareholders' meeting [6]. Financial Health and Risk Management - The company has confirmed that there are no overdue guarantees and that the guarantees provided are for subsidiaries where the company holds control [4][5]. - The board of directors has assessed the repayment capabilities of the guaranteed subsidiaries and believes that the risks associated with these guarantees are manageable [5][6]. Total Guarantee Amount and Ratios - As of the announcement date, the total approved external guarantee amount for the company and its subsidiaries is RMB 5.9 billion, which accounts for 49.92% of the company's latest audited net assets [6]. - The actual external guarantee balance is RMB 5.39 billion, representing 45.60% of the company's latest audited net assets [6].
兰州长城电工股份有限公司关于对外担保进展的公告