Shang Hai Zheng Quan Bao·2025-12-22 19:57Group 1 - The company Zhejiang Huazheng New Materials Co., Ltd. has provided guarantees for its wholly-owned subsidiaries Zhuhai Huazheng New Materials Co., Ltd. and Zhejiang Huaju Composite Materials Co., Ltd. to support their operational development and funding needs [2][9] - The company signed a guarantee contract with Zhuhai Branch of Bank of Communications for a maximum credit amount of 150 million RMB for Zhuhai Huazheng, with a guarantee period extending three years after the main debt's maturity [2][10] - A maximum guarantee amount of 25 million RMB was also provided for Zhejiang Huaju through a contract with Hangzhou Zhong'an Branch of Industrial and Commercial Bank of China, with a similar three-year guarantee period [2][11] Group 2 - The company's board of directors approved the provision of guarantees for subsidiaries at meetings held on March 17, 2025, and April 10, 2025, with a total maximum guarantee amount of 4.5 billion RMB [3][4] - The approved guarantee limits include 1.8 billion RMB for Zhuhai Huazheng and 455 million RMB for Zhejiang Huaju, with the authorization period lasting until the next annual shareholders' meeting [3][4] - The company has a total external guarantee amount of 3.798 billion RMB, which is 260.98% of the audited net assets for 2024, with no overdue guarantees reported [13]