Core Points - The company is providing a guarantee of up to $3 million for its wholly-owned subsidiary, Hainan Airlines Import and Export Trade Co., Ltd. (Hainan Hangmao), in its procurement activities with Honeywell International Inc. [1] - As of the announcement date, Hainan Hangmao has not yet engaged in any procurement activities with Honeywell [2] - The company approved a mutual guarantee limit of RMB 15.8 billion for 2025, with specific allocations for subsidiaries based on their debt-to-asset ratios [3] - The guarantee falls within the authorized limit for 2025 and does not require further board or shareholder approval [4] - Hainan Hangmao was established in June 2024 and has not conducted any business activities during 2024 [5] - The guarantee includes payment obligations for any accepted purchase orders and related responsibilities, with a validity of five years from the date of issuance [6][7] - The necessity and reasonableness of the guarantee are justified by the subsidiary's ability to repay debts and the company's control over its operations [8] - The board has authorized the management to handle specific guarantee procedures within the approved mutual guarantee limit [9] - The total amount of guarantees provided by the company to its subsidiaries is RMB 246.62 million, which represents 108.51% of the company's audited net assets for 2024, with no overdue guarantees reported [10]
海南航空控股股份有限公司 关于为控股子公司提供担保实施的公告