FULONGMA(SH:603686) Shang Hai Zheng Quan Bao·2025-10-24 18:58Core Viewpoint - The company has announced that it will provide guarantees for GLOBAL EXIM TEX LLC as part of a joint bid for a project in Uzbekistan, which involves the procurement of electric garbage trucks, with a total contract value of approximately $2.87 million [1][2]. Group 1: Guarantee Details - The company will issue a performance bond amounting to 10% of the contract total ($286,599) and a prepayment bond of 50% of the contract total ($1,433,300) as part of the project requirements [2]. - The company will provide a joint liability guarantee for GET's obligations under these bonds, with a responsibility ratio of 11% [2][4]. - The total amount of guarantees provided by the company will not exceed $18,910 (approximately ¥134,160) [5]. Group 2: Internal Decision-Making Process - The company's board of directors approved the guarantee proposal on October 24, 2025, with a unanimous vote of 7 in favor [3][6]. - The independent directors assessed the guarantee as reasonable and necessary for the overseas business expansion, confirming that the associated risks are controllable [3][6]. Group 3: Financial Health and Risk Management - The company has confirmed that the credit status of the guaranteed party is good, with no significant issues affecting its debt repayment ability [5][6]. - The company will closely monitor the credit situation and performance capabilities of the guaranteed party to mitigate potential risks [5]. Group 4: Current Guarantee Status - As of the announcement date, the company has a total guarantee balance of approximately ¥222.12 million, which accounts for 6.64% of the latest audited net assets [7]. - All guarantees provided are within the authorized limit and comply with relevant regulations, with no overdue guarantees or litigation-related guarantees reported [7].