江苏海鸥冷却塔股份有限公司 关于为控股子公司提供担保的进展公告

Core Viewpoint - The company has provided guarantees for its subsidiaries to secure credit facilities from China Merchants Bank, which is essential for their operational needs and aligns with the company's overall development strategy [1][2][3][7]. Group 1: Guarantee Overview - Jiangsu Haio Cooling Tower Co., Ltd. has provided guarantees for its wholly-owned subsidiaries, including Jin'ao Water Treatment and Jiangsu Ocean, with maximum guarantee amounts of RMB 10 million and RMB 20 million respectively [1][2]. - The guarantees are structured as joint liability guarantees, covering all debts incurred by the subsidiaries under the credit agreements with China Merchants Bank [5][7]. - The guarantee period extends from the effective date of the guarantee until three years after the maturity of each loan or financing [5]. Group 2: Internal Decision-Making Process - The board of directors approved the proposal for the company and its subsidiaries to apply for comprehensive credit limits and provide guarantees during meetings held on April 27, 2025, and May 20, 2025 [4][8]. - The authorization for these guarantees is valid from May 20, 2025, to May 19, 2026 [4]. Group 3: Necessity and Reasonableness of Guarantees - The guarantees are deemed necessary to support the subsidiaries' production and business development, which is beneficial for the overall growth of the company [7]. - The company maintains effective control over the operational risks and creditworthiness of the subsidiaries, which are currently in stable financial condition [7]. Group 4: Cumulative External Guarantees - As of the latest report, the total external guarantees provided by the company and its subsidiaries amount to approximately RMB 275.36 million, representing 26.44% of the company's audited net assets attributable to shareholders as of December 31, 2024 [9]. - Guarantees provided to wholly-owned subsidiaries total approximately RMB 259.01 million, accounting for 24.87% of the same net assets [9]. Group 5: No Overdue Guarantees - The company has reported no overdue guarantees as of the latest announcement [10].