沧州明珠塑料股份有限公司关于为子、孙公司提供担保的进展公告

Core Viewpoint - Cangzhou Mingzhu Plastic Co., Ltd. has announced the provision of guarantees for its subsidiaries, which raises concerns regarding the company's overall debt exposure and financial stability [1][20]. Group 1: Guarantee Approval and Amounts - The company approved a guarantee of up to RMB 25 million for its wholly-owned subsidiary, Wuhu Mingzhu Film Technology Co., Ltd., and up to RMB 120 million for its subsidiary, Wuhu Mingzhu Diaphragm Technology Co., Ltd. [2] - As of the announcement date, the total external guarantee amount provided by the company is RMB 3.664 billion, accounting for 71.14% of the company's latest audited net assets [1][20]. Group 2: Guarantee Progress - On October 19, 2025, the company signed a maximum guarantee contract with Shanghai Pudong Development Bank Wuhu Branch, providing a joint liability guarantee for RMB 50 million for Wuhu Mingzhu Film and RMB 10 million for Wuhu Mingzhu Diaphragm [3]. Group 3: Financial Data of Guaranteed Subsidiaries - Wuhu Mingzhu Film Technology Co., Ltd. has a registered capital of RMB 10 million and was established on September 30, 2021 [6]. - Wuhu Mingzhu Diaphragm Technology Co., Ltd. has a registered capital of RMB 20.6 million and was also established on September 30, 2021 [7]. Group 4: Board's Opinion on Guarantees - The board believes that the subsidiaries have good operational stability and asset quality, and the financial risks are manageable, thus supporting the guarantees as beneficial for the subsidiaries' operational needs and overall company interests [20].