Libert(SH:605167) Shang Hai Zheng Quan Bao·2025-09-26 18:16Core Points - The company has provided a guarantee of up to RMB 400 million for its wholly-owned subsidiary, Shanghai Libate Engineering Technology Co., Ltd., to support its operational and business development needs [2][4] - The board of directors approved the guarantee during meetings held on April 28, 2025, and May 20, 2025, as part of a broader plan to provide guarantees totaling up to RMB 3.2 billion for subsidiaries [2][4] - The company has a total external guarantee amount of RMB 3.3 billion, which represents 179.62% of its most recent audited net assets [4][5] Guarantee Details - The guarantee is structured as a joint liability guarantee with China Construction Bank, Shanghai Songjiang Branch, and is valid for three years from the signing of the main contract for each credit facility [3][4] - The company has confirmed that there are no overdue guarantees and that it does not provide guarantees for controlling shareholders or related parties [5] Rationale for Guarantee - The guarantee is deemed necessary and reasonable to ensure the smooth operation of the subsidiary, aligning with the company's overall business strategy and operational needs [4]