Holystar(SH:688330) Shang Hai Zheng Quan Bao·2025-10-20 20:16Core Points - The company plans to provide a guarantee of up to $4.5 million (approximately RMB 31.94 million) for a joint bid with Zhongteng Weiwang for an electrification project in Bangladesh [2] - The board of directors approved the guarantee proposal with a unanimous vote of 8 in favor, with no opposition or abstentions [3] - The joint venture partner, Zhongteng Weiwang, is not listed as a dishonest executor and has a clear ownership structure, indicating good creditworthiness [4] - The guarantee is intended to meet business needs and aligns with the company's strategic development [7] - The total amount of guarantees provided by the company and its subsidiaries, excluding this new guarantee, is RMB 106.42 million, which represents approximately 2.82% of the latest audited net assets [7]