Group 1 - The company has provided a guarantee for its wholly-owned subsidiaries, Linglong International Europe d.o.o. and LLIT (THAILAND) CO., LTD., for a credit limit of 500 million RMB from the China Development Bank Shandong Branch [1][5] - The total guarantee amount approved for the company to provide to financial institutions in 2025 is capped at 13.27 billion RMB, which represents 61.21% of the company's latest audited net assets attributable to shareholders [2][11] - The guarantee is intended to support the operational needs of the subsidiaries, ensuring stable business development and is deemed to be within the company's overall interests [9] Group 2 - The guarantee agreement specifies that the company will be jointly liable for all loan principal, interest, penalties, and related costs incurred by the subsidiaries [5][6] - The maximum principal amount guaranteed is 500 million RMB, with a guarantee period of three years from the maturity of the debt [7][8] - As of the announcement date, the company has provided a total of 3.429 billion RMB in guarantees, which is 15.82% of the latest audited net assets attributable to shareholders, with no overdue guarantees reported [11]
山东玲珑轮胎股份有限公司 关于为子公司提供担保的进展公告