KENNEDE(SZ:002723) Sou Hu Cai Jing·2026-01-02 20:03Core Viewpoint - The company, Guangdong Xiaosong Technology Co., Ltd., is actively engaging in financial maneuvers including providing guarantees for subsidiaries and joint ventures, seeking comprehensive credit lines, and conducting foreign exchange hedging to mitigate risks and enhance financial stability. Group 1: Stock Performance - As of December 31, 2025, Xiaosong shares closed at 8.47 yuan, down 1.4% from the previous week’s 8.59 yuan, with a market cap of 2.815 billion yuan, ranking 11th in the lighting equipment sector and 4650th in the A-share market [1] Group 2: Board Meetings and Resolutions - On December 29, 2025, the company held its 28th meeting of the sixth board of directors, approving several proposals including guarantees for subsidiaries and joint ventures, a comprehensive credit application, and foreign exchange hedging [2] - The company will convene its first extraordinary shareholders' meeting of 2026 on January 14, 2026, to review four non-cumulative voting proposals, including the aforementioned guarantees and credit applications [2] Group 3: Shareholder Meeting Outcomes - The company held its fourth extraordinary shareholders' meeting of 2025 on December 29, where shareholders approved the sale of 51% equity in a wholly-owned subsidiary and related financial support measures [3] - A total of 113 shareholders participated, representing 61,522,091 shares, or 21.85% of the total voting shares [3] Group 4: Financial Proposals - The company plans to provide guarantees totaling no more than 87.8 million yuan for 2026, which is 87.16% of the latest audited net assets, including 67.8 million yuan for subsidiaries and 20 million yuan for joint ventures [4] - The company intends to apply for a comprehensive credit line of up to 1.2 billion yuan for various financing needs [5] - The company aims to conduct foreign exchange hedging activities with a limit of 200 million yuan to mitigate currency risk, using its own funds for this purpose [4][5]