WLY(SZ:002434) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-09-20 00:25Group 1 - The company Zhejiang Wanliyang Co., Ltd. approved a proposal to provide guarantees for its subsidiaries at the 2024 annual shareholders' meeting, with a total guarantee amount not exceeding RMB 3.8 billion [2] - The company signed a maximum guarantee contract with China Bank Jinhua Branch on September 18, 2025, providing a joint liability guarantee for its wholly-owned subsidiary Zhejiang Wanliyang Precision Manufacturing Co., Ltd. for a maximum principal amount of RMB 10 million, effective until September 18, 2026 [3][6] - As of the announcement date, the company's total external guarantees, excluding this new guarantee, amounted to RMB 2.185 billion, accounting for 38.07% of the company's audited net assets as of the end of 2024 [8] Group 2 - Zhejiang Wanliyang Precision Manufacturing Co., Ltd. was established on May 14, 2020, with a registered capital of RMB 20 million, focusing on manufacturing gears and automotive components [4][5] - The guarantee covers the principal and interest of the main debt, including penalties and costs related to debt recovery, with a guarantee period of three years from the debt performance deadline [7]