KEC(SH:600997) Shang Hai Zheng Quan Bao·2025-09-18 20:16Core Viewpoint - The company has provided a guarantee for its wholly-owned subsidiary, Tangshan Zhonghao Chemical Co., Ltd., to support its operational funding needs through a maximum guarantee of 200 million yuan [2][5][7]. Group 1: Guarantee Details - The guarantee is for a maximum amount of 200 million yuan, covering the credit certificate business under the trade finance credit agreement signed with the Export-Import Bank of China, Hebei Branch [2][5]. - The guarantee period is three years from the due date of each guaranteed debt under the main contract [5][7]. - The guarantee is a joint liability guarantee, and Tangshan Zhonghao has not provided any counter-guarantee [3][5]. Group 2: Internal Decision-Making Process - The guarantee has been approved by the company's eighth board of directors' fifth meeting and the 2024 annual general meeting, with no further decision-making procedures required [4]. Group 3: Necessity and Reasonableness of the Guarantee - The guarantee is deemed necessary to meet the daily operational needs of Tangshan Zhonghao, which is under the company's control in terms of management and finance, making the overall risk manageable [7][8]. - The company has not experienced any overdue situations regarding the financing guarantees provided to Tangshan Zhonghao, ensuring no harm to the company or its shareholders [8]. Group 4: Cumulative Guarantee Situation - As of the announcement date, the company has provided a total of 1.5162873 billion yuan in external guarantees, all of which are for its controlling subsidiaries, accounting for 10.61% of the latest audited net assets [8]. - The company has a remaining guarantee capacity of 2.8065 billion yuan after utilizing 702 million yuan of the total authorized guarantee amount of 3.5085 billion yuan [8].