WG Tech(SH:603773) Shang Hai Zheng Quan Bao·2025-12-03 18:59Summary of Key Points Core Viewpoint - The announcement details that Jiangxi Woge Optoelectronics Group Co., Ltd. (the "Company") is providing a guarantee through its wholly-owned subsidiary, Jiangxi Wodejia Optoelectronics Co., Ltd., to support the Company's financing needs, specifically for a credit facility with Shanghai Pudong Development Bank Nanchang Branch [1][2]. Group 1: Guarantee Overview - The Company’s subsidiary, Jiangxi Wodejia, plans to sign a maximum guarantee contract of up to RMB 100 million (approximately 10,000 million) to support the Company’s application for a credit facility [2]. - The total approved guarantee amount is RMB 135,150 million, which includes both unused and utilized amounts, with an actual balance of RMB 78,843.07 million [1][7]. Group 2: Internal Decision-Making Process - The Company held board and supervisory meetings on April 24, 2025, and a shareholder meeting on May 23, 2025, to approve the guarantee and credit facility applications for the year 2025, allowing for a total credit limit of up to RMB 944,800 million [2]. - The decision-making process adhered to legal and regulatory requirements, and no additional board or shareholder meetings are required for each credit facility within the approved limit [3][6]. Group 3: Guarantee Agreement Details - The guarantee agreement specifies that Jiangxi Wodejia will be liable for the principal debt, interest, penalties, and any costs incurred in enforcing the guarantee [4]. - The guarantee period is calculated from the maturity of each debt obligation, extending three years beyond the due date [5]. Group 4: Necessity and Reasonableness of the Guarantee - The guarantee is deemed necessary to meet the Company’s operational and developmental financing needs, enhancing its financing capabilities and aligning with the Company’s overall interests and development plans [6]. Group 5: Cumulative Guarantee and Overdue Guarantees - As of the announcement date, the total external guarantees by the Company and its subsidiaries amount to RMB 135,150 million, with a balance of RMB 78,843.07 million, representing 107.73% and 62.85% of the Company’s latest audited net assets, respectively [7].