Sichuan Haowu Electromechanical (SZ:000757) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-09-23 08:39Core Viewpoint - The company has provided a guarantee for its subsidiary's financing and has now terminated that guarantee after the debt has been fully repaid, with no adverse effects on the company or its shareholders [1][3]. Summary by Sections Guarantee Overview - The company approved a guarantee for its subsidiary Tianjin Haozhong's financing of 25 million RMB, with a guarantee amount of 32.5 million RMB, during board meetings in October and November 2022 [1]. - The guarantee was established to support Tianjin Haozhong's business development needs and was valid for three years from the debt performance deadline [2]. Termination of Guarantee - On September 22, 2025, the company and CITIC Bank Changchun Branch signed an agreement to terminate the guarantee, effective immediately [2]. - The termination agreement was mutually agreed upon, and the company will no longer bear any guarantee obligations from that date [2]. Impact on the Company - All debts related to the automotive financial overdraft contract have been fully repaid by Tianjin Haozhong [3]. - The termination of the guarantee was conducted amicably, with no disputes or breaches of contract, ensuring no negative impact on the company or its shareholders, particularly minority shareholders [3].