Hillstone Networks(SH:688030) Shang Hai Zheng Quan Bao·2025-10-21 19:29Core Viewpoint - Company has provided a guarantee for its wholly-owned subsidiary, Beijing Shanshi, to secure a credit facility from Xiamen International Bank, with a maximum debt amount of RMB 30 million [1][4]. Group 1: Guarantee Details - The guarantee is structured as a joint liability guarantee, covering the principal debt of RMB 30 million along with interest, penalties, and other related costs [4]. - The company has approved a total guarantee limit of RMB 200 million for Beijing Shanshi, with the current outstanding guarantee balance being RMB 66.42 million, leaving a remaining available guarantee of RMB 90 million [2][5]. - The guarantee period extends for three years from the effective date of the contract, with provisions for extension if agreed upon [4]. Group 2: Decision-Making Process - The board of directors convened on July 22, 2025, to approve the guarantee proposal with unanimous support [2][5]. - The board concluded that the guarantee aligns with the operational needs of the subsidiary and poses manageable risks, ensuring no detriment to the interests of the company or its shareholders [5]. Group 3: Financial Position - As of the announcement date, the total authorized external guarantees by the company and its subsidiaries amount to RMB 200 million, representing 21.68% of the latest audited net assets and 10.07% of total assets [5]. - The company has no overdue guarantees or guarantees involved in litigation [5].