KSHG(SH:605333) Xin Lang Cai Jing·2026-01-05 19:46Core Viewpoint - The company has provided a guarantee of 100 million RMB to its subsidiary KSHG Auto Harness GmbH to support its business development, with a total guarantee balance of approximately 329.93 million EUR (about 270.63 million RMB) as of the disclosure date [1][2]. Group 1: Guarantee Overview - The guarantee is a continuation of a previous agreement signed on December 25, 2024, with the total guarantee amount set at 100 million RMB [2]. - The company has provided a guarantee balance of 32.92 million EUR prior to this new guarantee, which will increase to 32.99 million EUR after the new guarantee [2]. - The guarantee is part of the company's overall plan to provide up to 2 billion RMB in guarantees for its subsidiaries, with a specific limit of 400 million RMB for KSHG [2][9]. Group 2: Subsidiary Information - KSHG Auto Harness GmbH is a wholly-owned subsidiary of the company, with a registered capital of 10 million EUR and a focus on automotive wiring harness design, development, processing, and sales [5]. - The company holds a 0.25% stake in KSHG, while its wholly-owned subsidiary Suzhou Zequan Automotive Electric Technology Co., Ltd. holds 99.75% [5]. Group 3: Guarantee Contract Details - The guarantee contract specifies that the creditor is China Merchants Bank (Suzhou Branch), and the maximum guarantee amount is 100 million RMB [6]. - The guarantee period extends from the effective date of the contract until three years after the debt repayment deadline [6]. Group 4: Necessity and Reasonableness of the Guarantee - The guarantee is deemed necessary to support KSHG's daily operations and aligns with the company's overall business strategy [7]. - The company maintains control over KSHG's operations and financial aspects, which mitigates the associated risks [7][9]. Group 5: Board of Directors' Opinion - The board of directors has approved the guarantee as part of the company's strategy to facilitate funding arrangements for its subsidiaries [8][9]. - The board believes that the guarantee will not harm the interests of the company or its shareholders, particularly minority shareholders [9]. Group 6: Cumulative Guarantee Information - As of the disclosure date, the company has provided a total guarantee balance of 1.21 billion RMB to its subsidiaries, which represents 54.41% of the company's latest audited net assets attributable to shareholders [9]. - There are no overdue guarantees or related litigation issues reported [9].