BAOMING TECH(SZ:002992) Sou Hu Cai Jing·2025-11-18 23:33Core Viewpoint - Shenzhen Baoming Technology Co., Ltd. has approved a comprehensive credit/loan application of up to RMB 6 billion, allowing mutual guarantees between the company and its subsidiaries to support financing needs [2][7]. Group 1: Guarantee Overview - The company and its subsidiaries plan to apply for a total credit/loan limit of RMB 6 billion from banks and financial institutions, with mutual guarantees among them [2]. - Baoming Precision Co., Ltd., a wholly-owned subsidiary, has signed a supplementary credit condition notice with China Trust Commercial Bank, applying for a credit limit of RMB 30 million [2][6]. Group 2: Subsidiary Information - Baoming Precision Co., Ltd. was established on April 15, 2010, with a registered capital of RMB 100 million, focusing on the research, production, and sales of new flat panel display materials and devices [4]. - The company holds 100% equity in Baoming Precision, which is a wholly-owned subsidiary [4]. Group 3: Guarantee Contract Details - The guarantee amount for Baoming Precision's credit application is capped at RMB 36 million, with the company providing joint liability guarantee [6]. - The guarantee covers principal, interest, penalties, and all related bank fees and costs associated with the main debt [6]. Group 4: Board Opinion - The board believes that providing this guarantee is a normal business practice to support the subsidiary's operational and future funding needs, and it does not pose significant risks to the company [7]. - The total amount of guarantees provided by the company to its subsidiaries is RMB 419.27 million, representing 57.65% of the company's audited net assets for 2024 [7].