HAOMEI(SZ:002988) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-12-19 10:15Summary of Key Points Core Viewpoint - The company has approved a comprehensive credit application and guarantee for its subsidiaries to support their operational and future development needs, with a total credit limit of up to RMB 525 million and USD 7 million [2]. Group 1: Guarantee Overview - The company has agreed to provide guarantees for its subsidiaries, including Guangdong Haomei Precision Manufacturing Co., Ltd., Guangdong Beikelo Curtain Wall Door and Window System Co., Ltd., and Qingyuan City Kejian Door and Window Curtain Wall Decoration Co., Ltd. [2] - The total amount of guarantees includes RMB 240 million and USD 7 million for the 2025-2026 period, with specific limits for subsidiaries with asset-liability ratios above 70% [2]. Group 2: Progress of Guarantees - The company has signed several guarantee contracts with banks, including a maximum guarantee of RMB 20 million with GF Bank, RMB 55 million with Bank of Communications, RMB 15 million with Industrial Bank, and RMB 18 million with Hang Seng Bank [3][4]. - A new guarantee contract was signed with Zhejiang Merchants Bank for a maximum of RMB 5.5 million for another subsidiary [4]. Group 3: Adjustment of Guarantee Limits - The company has adjusted the guarantee limit from Haomei Precision to Kejian Decoration, allowing for a total of RMB 3 million to be reallocated within the approved limits [5]. - As of September 30, 2025, the remaining guarantee limits are RMB 55.05 million for Haomei Precision and RMB 6 million for Kejian Decoration [5]. Group 4: Details of Guarantee Contracts - The contracts specify the creditor, debtor, guarantor, guarantee amount, and the scope of the guarantee, which includes principal, interest, penalties, and other related costs [6][8][10][12][14]. - The guarantee period is generally three years from the debt fulfillment date, with specific conditions outlined for each contract [7][9][13][15]. Group 5: Subsidiary Information - Guangdong Haomei Precision Manufacturing Co., Ltd. has a registered capital of RMB 650 million and focuses on the production of aluminum alloy precision components [16][17]. - Qingyuan City Kejian Door and Window Curtain Wall Decoration Co., Ltd. is a wholly-owned subsidiary with a registered capital of RMB 50 million, involved in various construction and decoration activities [18][21]. Group 6: Necessity and Reasonableness of Guarantees - The guarantees are deemed necessary for the subsidiaries' operational needs, with no significant issues affecting their debt repayment capabilities [19]. - The company has confirmed that there are no overdue guarantees or litigation related to the guarantees provided [20].