MONTNETS TECHNOLOGY(SZ:002123) Shang Hai Zheng Quan Bao·2025-10-21 18:45Summary of Key Points Core Viewpoint - The company has approved a guarantee limit for its subsidiaries, allowing for a total guarantee amount not exceeding RMB 250 million, with specific conditions for subsidiaries with high debt ratios [1][6]. Group 1: Guarantee Overview - The company held a board meeting on June 12, 2025, and a shareholder meeting on June 30, 2025, to approve the guarantee limit for the year 2025 [1]. - The approved guarantee limit allows for guarantees among wholly-owned and controlling subsidiaries, with a maximum of RMB 5 million for subsidiaries with a debt ratio exceeding 70% [1][6]. - The guarantee limit is valid for one year from the date of approval by the shareholders [1]. Group 2: Guarantee Agreement Details - The wholly-owned subsidiary, Shenzhen Wulian Tianxia Technology Co., Ltd., applied for a loan of up to RMB 10 million from Hengfeng Bank, with Shenzhen Mengwang Technology Development Co., Ltd. providing a guarantee [3]. - The guarantee agreement includes a maximum debt amount of RMB 10 million, covering principal, interest, penalties, and various costs associated with debt recovery [4]. - The guarantee period for any specific business is three years from the contract's effective date [4]. Group 3: Subsidiary Information - Shenzhen Wulian Tianxia Technology Co., Ltd. was established on June 17, 2010, with a registered capital of RMB 10 million and operates in the telecommunications and technology sectors [5]. - The company is a wholly-owned subsidiary of the parent company, which holds 100% of its shares [5]. Group 4: Financial Data and Guarantee Status - As of June 30, 2025, the total amount of guarantees provided by the company to its subsidiaries is approximately RMB 1.8406 billion, exceeding the company's audited net assets by 107.58% [7]. - The remaining guarantee balance for subsidiaries is RMB 529.4 million, which is 30.94% of the company's audited net assets [7]. - There are no overdue guarantees or guarantees involving litigation as of the announcement date [7].