Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-09-24 22:53Summary of Key Points Core Viewpoint - The company has approved a guarantee for its wholly-owned subsidiary, Tianrongxin Network Security Technology Co., Ltd., with a total credit limit of up to RMB 105 million, effective for 12 months from the date of approval [2][5]. Group 1: Guarantee Overview - The company will provide an irrevocable joint liability guarantee for Tianrongxin Network, with a maximum amount of RMB 105 million [2]. - The guarantee is authorized to be handled by the company's legal representative or an authorized agent [2]. Group 2: Basic Information of the Guaranteed Party - Tianrongxin Network was established on November 6, 1995, with a registered capital of RMB 35 million and is engaged in technology development, consulting, and sales of electronic products [3]. - The company has a good credit status and is not listed as a dishonest executor [3]. Group 3: Guarantee Progress - On September 24, 2025, the company signed a guarantee agreement with China Merchants Bank, providing a joint liability guarantee for a credit limit of up to RMB 30 million for Tianrongxin Network [5]. - After this guarantee, the total guarantee balance for Tianrongxin Network will be RMB 60 million, leaving a remaining guarantee capacity of RMB 45 million [5][6]. Group 4: Guarantee Agreement Details - The guarantee agreement specifies that the maximum guarantee amount is RMB 30 million, with a guarantee period extending to three years after the maturity of each loan or financing [5][6]. - The total guarantee amount provided by the company represents 11.18% of its latest audited net assets, while the cumulative guarantee balance represents 6.39% of the same [6].