Aohong Electronics(SH:605058) Shang Hai Zheng Quan Bao·2025-09-17 20:33Core Viewpoint - The company has announced a guarantee for its wholly-owned subsidiary, Changzhou Haihong Electronics Co., Ltd., to support its funding needs for normal production and operations, with a total guarantee amount of RMB 120 million [2][3][14]. Summary by Sections Guarantee Overview - The company will provide a guarantee for a credit limit of up to RMB 120 million for its subsidiary Haihong Electronics from May 20, 2025, to May 19, 2026 [3]. - The board of directors approved the guarantee at meetings held on March 15, 2025, and May 20, 2025 [3]. - A maximum guarantee contract was signed with Industrial and Commercial Bank of China on September 17, 2025 [3]. Subsidiary Information - Haihong Electronics was established on December 9, 2004, with a registered capital of RMB 35 million [4]. - The company specializes in manufacturing printed circuit boards and has a total asset value of approximately RMB 836.82 million and a net profit of RMB 53.37 million for the fiscal year 2024 [4]. - For the first half of 2025, Haihong Electronics reported total assets of approximately RMB 832.15 million and a net profit of RMB 36.13 million [5]. Guarantee Contract Details - The guarantee contract specifies a maximum principal debt amount of RMB 120 million [7]. - The debt repayment period is from September 17, 2025, to September 30, 2026 [8]. - The guarantee is a joint liability guarantee covering various potential costs related to the principal debt [9][10]. Necessity and Reasonableness of the Guarantee - The guarantee is deemed necessary and reasonable as it supports the subsidiary's operational needs and is within the company's control [14]. - The board believes that the subsidiary has sufficient capacity to repay the debt, ensuring no adverse impact on the company's shareholders [14]. External Guarantee Amounts - As of the announcement date, the total external guarantee amount provided by the company and its subsidiaries is approximately RMB 154.36 million, which is 8.97% of the company's latest audited net assets [14].