Shang Hai Zheng Quan Bao·2025-12-15 20:31Core Viewpoint - The company has provided a bank credit guarantee of 200 million RMB for its subsidiary, Beijing Zhixing Star Technology Co., Ltd., to support its operational needs and enhance the efficiency of its current assets [2][10]. Group 1: Guarantee Details - The total amount of the guarantee provided to Zhixing Star is 200 million RMB, which represents 1.12% of the company's audited net assets as of December 31, 2024 [5]. - The cumulative balance of guarantees provided by the company to its subsidiaries is 15.42 billion RMB, with actual guarantees amounting to 6.80 billion RMB, accounting for 3.81% of the company's audited net assets as of December 31, 2024 [13]. - The guarantee is structured as a joint liability guarantee and is aimed at facilitating the subsidiary's business operations [8][10]. Group 2: Subsidiary Information - Beijing Zhixing Star Technology Co., Ltd. was established on September 18, 2008, with a registered capital of 108.52 million RMB and is 99.1453% owned by the company [6][7]. - As of December 31, 2024, Zhixing Star reported total assets of 2.983 billion RMB, total liabilities of 804 million RMB, and net assets of 2.178 billion RMB, with a revenue of 1.236 billion RMB and a net profit of 355 million RMB for the year [7]. Group 3: Approval and Decision-Making - The board of directors approved the guarantee and the overall credit limit for 2025, which is set at a maximum of 10.12 billion RMB, including a specific guarantee of up to 3.442 billion RMB for subsidiaries [3][11]. - The decision to provide the guarantee was made to meet the operational needs of the subsidiary and is considered to be within the company's risk control parameters [10][11].