FORYOU(SZ:002906) Shang Hai Zheng Quan Bao·2025-10-28 22:57Core Viewpoint - The company has approved a guarantee for its subsidiary, aiming to enhance financing channels and ensure operational needs are met [1][2]. Summary by Sections Guarantee Overview - The company approved a total guarantee amount not exceeding RMB 710 million for its subsidiaries, with an asset pool business limit of RMB 1.2 billion [1]. - The guarantee contracts signed recently include a maximum guarantee of RMB 20 million and RMB 40 million for its subsidiary, Changxing Huayang Precision Machinery Co., Ltd [1][2]. Progress of Guarantee - The guarantee aligns with the approved limits from the 2024 annual shareholders' meeting and complies with relevant regulations [2]. Subsidiary Information - Changxing Huayang Precision Machinery Co., Ltd was established on January 2, 2024, with a registered capital of RMB 20 million [3][4]. - The company is primarily engaged in manufacturing and selling automotive parts and has a 10% ownership stake from the parent company [4][5]. Financial Data of the Subsidiary - As of December 31, 2024, the subsidiary had total assets of RMB 36.99 million and total liabilities of RMB 17.82 million, resulting in a net asset of RMB 19.17 million [5]. - For the first nine months of 2025, the subsidiary reported total assets of RMB 50.86 million and a net loss of RMB 2.55 million [5]. Guarantee Agreement Details - The total effective guarantee contracts signed by the company and its subsidiaries amount to RMB 568.7 million, representing 88.07% of the audited net assets as of December 31, 2024 [5]. - There are no overdue guarantees or legal disputes related to the guarantees [5].