Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-09-27 00:39Summary of Key Points Core Viewpoint - The company, Huaming Power Equipment Co., Ltd., has signed a guarantee contract with Nanjing Bank to provide a joint liability guarantee for its wholly-owned subsidiary, Shanghai Huaming Electric Equipment Manufacturing Co., Ltd., for a loan of 50 million RMB [1][3]. Group 1: Guarantee Overview - On September 26, 2025, the company signed a guarantee contract with Nanjing Bank to secure a loan for Shanghai Huaming amounting to 50 million RMB, including interest, penalties, and other fees [1][3]. - Prior to this guarantee, the total guarantee balance for Shanghai Huaming was 913 million RMB, which increased to 963 million RMB after this transaction [2]. Group 2: Guarantee Approval Process - The company held board meetings on April 10, 2025, and May 15, 2025, to approve the proposal for bank credit guarantees, which was subsequently ratified at the 2024 annual general meeting [1][2]. Group 3: Basic Information of the Guaranteed Entity - Shanghai Huaming Electric Equipment Manufacturing Co., Ltd. was established on April 3, 1995, with a registered capital of 39.11225 million RMB and is located in Shanghai [2]. - The company specializes in manufacturing power facility equipment and related technical services [2]. Group 4: Main Content of the Guarantee Agreement - The guarantee period is set for three years from the maturity date of the principal debt, with provisions for extensions if the principal debt is deferred [3]. - The maximum guarantee amount is capped at 50 million RMB, covering principal, interest, penalties, and other fees [3]. Group 5: Cumulative External Guarantee and Status - As of the announcement date, the total guarantee amount provided by the company and its subsidiaries is 2.0325 billion RMB, with actual guarantees amounting to 450.0281 million RMB, representing 14.15% of the company's audited net assets for 2024 [4]. - There are no overdue guarantees or litigation issues related to the external guarantees provided by the company [4].