GHKJ(SZ:002741) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-10-21 10:51Core Viewpoint - Zhejiang Guanghua Technology Co., Ltd. has approved a guarantee for its wholly-owned subsidiary, Zhejiang Guanghua Import and Export Co., Ltd., with a total guarantee amount not exceeding RMB 1 billion [2][4]. Group 1: Guarantee Overview - The company held its third board meeting on March 26, 2025, and the annual general meeting on April 28, 2025, where it approved the guarantee for its subsidiary [2]. - The total guarantee amount for the subsidiary's financing activities is set at RMB 1 billion [2]. Group 2: Guarantee Progress - Recently, the company signed a maximum guarantee contract with Industrial and Commercial Bank of China, Haining Branch, providing a joint liability guarantee for a principal amount of up to RMB 25 million [3]. Group 3: Subsidiary Information - Zhejiang Guanghua Import and Export Co., Ltd. was established on September 30, 2020, with a registered capital of RMB 10 million and is located in Haining, Zhejiang Province [5]. - The subsidiary is 100% owned by the company, making it a wholly-owned subsidiary [6]. Group 4: Financial Situation of the Subsidiary - The financial situation of the subsidiary for the past year is documented, and it is noted that the subsidiary is not listed as a dishonest executor [7]. Group 5: Main Content of the Guarantee Contract - The creditor is Industrial and Commercial Bank of China, Haining Branch, while the guarantor is Zhejiang Guanghua Technology Co., Ltd., and the debtor is Zhejiang Guanghua Import and Export Co., Ltd. [8]. - The maximum guaranteed debt amount is RMB 25 million, and the guarantee is a joint liability guarantee covering various financial obligations [9]. Group 6: Board of Directors' Opinion - The board of directors has confirmed that the guarantee is within the approved limit and does not require further approval from the board or shareholders [15]. Group 7: Cumulative External Guarantee - As of the announcement date, the total approved external guarantee amount is RMB 1 billion, with the current balance of external guarantees at RMB 265 million, accounting for 15.77% of the company's audited net assets as of the end of 2024 [16].