GCLET(SZ:002015) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-09-20 00:37Summary of Key Points Core Viewpoint - The company has approved a significant external guarantee limit for the year 2025, amounting to 33.669 billion RMB, to support its subsidiaries in obtaining financing and conducting daily operations [2][3]. Group 1: External Guarantee Overview - The board of directors has authorized a maximum external guarantee amount of 33.669 billion RMB for 2025, which includes various forms of guarantees such as guarantees, asset pledges, and collateral [2]. - The guarantee limit for subsidiaries within the consolidated financial statements is set at 32.901 billion RMB, with specific limits based on the subsidiaries' debt-to-asset ratios [2]. - The authorization for the external guarantee is valid for twelve months from the date of approval by the annual general meeting of shareholders in 2024 [3]. Group 2: Guarantee Adjustment Situation - The company has adjusted unused guarantee limits from other subsidiaries to those with a debt-to-asset ratio exceeding 70%, totaling 38.01 million RMB [4]. Group 3: Progress of External Guarantees - As of September 8, 2025, the company signed a maximum guarantee contract with Zhuhai China Resources Bank for a credit limit of up to 30 million RMB for its subsidiary [5]. - The actual guarantee amount under this contract is reported as 0 RMB as of the announcement date [7]. - Additional guarantee contracts were signed with various financial institutions for different subsidiaries, with amounts ranging from 300,000 RMB to 56 million RMB, all within the approved limits [8][9][10][12][13][15][16][18][19]. Group 4: Cumulative External Guarantee and Overdue Guarantees - As of the announcement date, the company has not experienced any overdue guarantees or guarantees involved in litigation, nor has it faced losses due to guarantee-related judgments [21].