Hangzhou Honghua Digital Technology Stock Company LTD.(SH:688789) Shang Hai Zheng Quan Bao·2025-12-26 19:15Core Viewpoint - The company, Hangzhou Honghua Digital Technology Co., Ltd., has provided a guarantee for its associate company, Zhejiang Honghua Baijin Qianyin Home Textile Technology Co., Ltd., to support its financing needs, which is expected to enhance operational efficiency and align with the company's strategic interests [1][9]. Group 1: Guarantee Details - The company signed a syndicate loan guarantee contract on April 15, 2024, to provide a guarantee of up to RMB 140 million for Baijin Qianyin [1]. - The total loan amount has been reduced from RMB 400 million to RMB 385 million due to the repayment of RMB 15 million by Baijin Qianyin [2]. - The company plans to provide a guarantee amount not exceeding RMB 134.75 million, with the guarantee being a joint responsibility with other shareholders based on their shareholding ratios [2][8]. Group 2: Internal Decision-Making Process - The board of directors approved the guarantee proposal during the fifth meeting of the eighth board on December 25, 2025, and this decision does not require shareholder approval [3][9]. Group 3: Financial and Operational Status of the Guaranteed Entity - Baijin Qianyin is not classified as a dishonest entity, has clear ownership, and is free from any significant litigation or arbitration issues [6]. - The financial condition of Baijin Qianyin is reported to be good, and the associated financial risks are considered manageable [8]. Group 4: Board and Sponsor Opinions - The board believes that providing the guarantee is beneficial for the operational development of Baijin Qianyin and aligns with the company's overall interests, with controllable risks [9]. - The sponsor has confirmed that the guarantee complies with relevant regulations and does not harm the interests of the company or its shareholders [10].