Jiangyin Hengrun Heavy Industries (SH:603985) Shang Hai Zheng Quan Bao·2025-11-24 18:59Core Viewpoint - The company has provided a guarantee for its subsidiary, Shanghai Runliuchir Technology Co., Ltd., to support its financing lease agreement with Changjiang United Financial Leasing Co., Ltd., amounting to RMB 88,989,320.00, to facilitate the subsidiary's operational and business development needs [2][6][9]. Summary by Sections Guarantee Details - The financing lease contract signed on November 21, 2025, has a total rental amount of RMB 88,989,320.00 and a lease term of up to 60 months [2][6]. - The company has signed a guarantee contract to provide joint liability for the debts incurred by Shanghai Runliuchir under the financing lease [2][6]. Internal Decision-Making Process - The company’s board of directors approved the guarantee for the subsidiary on September 29, 2025, with a guarantee limit of up to RMB 30,000.00 million, valid for 12 months [3][9]. - The board has authorized the chairman and senior management to handle all matters related to the financing within the approved limits [3]. Necessity and Reasonableness of the Guarantee - The guarantee is deemed necessary to meet the operational needs of Shanghai Runliuchir, helping to broaden its financing channels and optimize its financing structure [8][9]. - The company maintains effective control over the subsidiary's operational risks and credit status, making the overall guarantee risk manageable [8]. Board of Directors' Opinion - The board believes that the guarantee aligns with the overall interests and development strategy of the company, facilitating the subsidiary's growth and asset utilization [9][10]. - The decision-making process complies with relevant laws and regulations, ensuring no harm to the interests of the company and its shareholders [9][10]. Cumulative Guarantee Situation - As of the announcement date, the total amount of guarantees provided by the company and its subsidiaries is RMB 234,400.00 million, accounting for 73.07% of the company's audited net assets for 2024 [10]. - The balance of guarantees stands at RMB 2,021,647,700.08, which is 63.02% of the company's audited net assets for 2024, with no instances of illegal or overdue guarantees reported [10].