Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-12-03 01:29Core Viewpoint - The company has provided a guarantee of up to RMB 50 million for its subsidiary's business development needs, ensuring support for its overseas operations while maintaining a controlled risk environment [1][2][4]. Group 1: Guarantee Details - The guarantee is provided by Nanjing Xingshengze Information Technology Co., Ltd., a wholly-owned subsidiary of the company, for its secondary wholly-owned subsidiary PT XING SHENGZE TECHNOLOGY INDONESIA [1][2]. - The maximum guarantee amount is RMB 50 million, with a guarantee period extending two years beyond the contract obligations, which are set to expire on December 31, 2030 [2][4]. - The guarantee covers all contractual obligations between ZTE Corporation and Xingshengze Indonesia, including penalties and damages arising from defaults [2][4]. Group 2: Internal Decision-Making Process - The guarantee has been approved by the internal decision-making process of Nanjing Xingshengze, and does not require further approval from the company's board or shareholders [1][4]. - The decision to provide the guarantee is based on a comprehensive assessment of the subsidiary's profitability, debt repayment ability, and associated risks [2][4]. Group 3: Financial Impact - As of the announcement date, the total amount of external guarantees provided by the company and its subsidiaries is RMB 834.45 million, which accounts for 37.70% of the latest audited net assets [4]. - The remaining balance of external guarantees is RMB 313.88 million, representing 14.18% of the latest audited net assets, with no overdue guarantees reported [4].