Summary of Key Points Core Viewpoint - The company has approved a financing plan to meet its operational and business development needs, involving a total credit limit of up to RMB 92 million and additional guarantees for subsidiaries totaling RMB 14 million [1][2]. Group 1: Financing and Guarantee Arrangements - The company plans to apply for a financing limit of up to RMB 92 million from banks or other financial institutions, which includes various forms of credit such as comprehensive credit, short-term loans, and leasing [1]. - The company has approved an increase in the guarantee limit for its subsidiaries to a total of RMB 27 million, with a new addition of RMB 10 million for 2025 [2]. - The guarantees will be valid for twelve months from the date of approval by the annual shareholders' meeting [2]. Group 2: Recent Developments - The company has signed a maximum guarantee contract with Huaxia Bank for its wholly-owned subsidiary, Wuhu Wanlian New Energy Vehicle Parts Co., Ltd., with a maximum principal balance of RMB 20 million [3]. - The guarantee agreement is within the approved limit and does not require further board or shareholder approval [4]. Group 3: Subsidiary Information - Wuhu Wanlian was established on July 13, 2017, with a registered capital of RMB 93 million and operates in the automotive parts sector [5]. - The subsidiary has a good credit status and is not listed as a dishonest executor [6]. Group 4: Guarantee Agreement Details - The guarantee is a joint liability guarantee, covering multiple bank acceptance agreements and loans with a maximum debt amount of RMB 20 million [6][7]. - The guarantee period extends for three years from the maturity of the debt [7]. Group 5: Current Guarantee Status - As of the announcement date, the total approved guarantee amount for the company and its subsidiaries is RMB 27 million, with an actual guarantee balance of RMB 5.945 million, representing 3.86% of the company's latest audited net assets [7]. - There are no overdue guarantees or legal issues related to the guarantees provided [7]. Group 6: Documentation - The maximum guarantee contract is available for review [8].
芜湖三联锻造股份有限公司 关于为全资子公司提供担保的进展公告