ZHEJIANG DINGLI(SH:603338) Shang Hai Zheng Quan Bao·2025-12-24 20:40Core Viewpoint - Zhejiang Dingli Machinery Co., Ltd. has provided guarantees for its subsidiary Shanghai Dingce Financing Leasing Co., Ltd. to support its operational financing needs, with a total guarantee amount not exceeding RMB 500 million [1][7]. Group 1: Guarantee Details - The company signed a maximum guarantee contract with Ningbo Bank for up to RMB 200 million and an irrevocable guarantee letter with China Merchants Bank for up to RMB 300 million [1][6]. - The total estimated guarantee amount for the company's subsidiaries is projected to be no more than RMB 2.26 billion, effective until the next annual shareholders' meeting [2][9]. Group 2: Internal Decision-Making Process - The guarantees were approved in the fifth board meeting on April 16, 2025, and at the annual shareholders' meeting on May 20, 2025 [2][9]. - The board unanimously agreed to provide the guarantees, indicating a strong consensus on the decision [9]. Group 3: Necessity and Reasonableness of Guarantees - The guarantees are deemed necessary for the sustainable development of Shanghai Dingce, aligning with the company's strategic goals [7]. - Shanghai Dingce is currently in good operational condition with no defaults or significant legal issues, indicating manageable risk levels for the guarantees [7]. Group 4: Cumulative Guarantee Situation - As of the announcement date, the total external guarantees provided by the company and its subsidiaries amount to RMB 2.58 billion, representing 25.71% of the latest audited net assets [9]. - The balance of guarantees, excluding the current ones, is RMB 647.51 million, which is 6.45% of the latest audited net assets [9].