北京中科三环高技术股份有限公司关于为控股子公司提供担保的进展公告

Summary of Key Points Core Viewpoint - The company, Beijing Zhongke Sanhuan High Technology Co., Ltd., has provided a guarantee for its subsidiary, Tianjin Sanhuan Lexi New Materials Co., Ltd., for a loan of RMB 100 million from the Export-Import Bank of China, with a term of 36 months [2][6]. Group 1: Guarantee Overview - The company has approved a guarantee amounting to RMB 110 million for its subsidiary during board and shareholder meetings held on March 11, 2025, and April 8, 2025, respectively [2][3]. - The guarantee is within the approved limit set by the board and shareholders [3]. Group 2: Subsidiary Information - Tianjin Sanhuan Lexi New Materials Co., Ltd. was established in April 1990 and is located in the Tianjin Economic and Technological Development Zone [4]. - The company has a registered capital of USD 87.21 million and is primarily engaged in the production and sales of rare earth permanent magnet materials and electric vehicles [4]. - As of December 31, 2024, the subsidiary reported total assets of RMB 2.976 billion, total liabilities of RMB 1.234 billion, and a net profit of RMB 47.83 million [4]. Group 3: Guarantee Agreement Details - The guarantee agreement is titled "Guarantee Contract," with the company acting as the guarantor and the Export-Import Bank of China as the creditor [6][7]. - The guarantee covers the principal, interest, penalties, and any other payments due under the loan agreement [7]. - The guarantee period extends for three years from the maturity of the main contract [7]. Group 4: Board's Opinion - The board believes that the guarantee is beneficial for the company's development and will not harm the interests of the company and its shareholders [8]. - The subsidiary has never defaulted on loans, and the company has conducted a comprehensive assessment of its financial health and credit status [8]. Group 5: Total Guarantee Amount - After this guarantee, the total balance of guarantees provided by the company and its subsidiaries will be RMB 740 million, which represents 11.49% of the latest audited equity attributable to the parent company [8]. - There are no overdue guarantees or guarantees involving litigation [8].