ZHEJIANG YANKON(SH:600261) Shang Hai Zheng Quan Bao·2026-01-09 21:17Core Viewpoint - The company Zhejiang Sunshine Lighting Electric Group Co., Ltd. has announced a guarantee of 45 million yuan for its wholly-owned subsidiary, Zhejiang Sunshine Urban Lighting Engineering Co., Ltd., to support its operational needs [1][2]. Group 1: Guarantee Details - The guarantee amount provided by the company for the subsidiary is 45 million yuan, with an existing guarantee balance of 54.1183 million yuan as of January 9, 2026 [1][2]. - The guarantee is intended to support the subsidiary's daily operational needs and is valid for one year [2]. - The internal decision-making process for this guarantee was approved during the board meeting on April 18, 2025, and at the annual shareholders' meeting on May 12, 2025 [3]. Group 2: Financial and Operational Context - The company has a total planned guarantee limit of 830 million yuan for 2025, with specific allocations for subsidiaries based on their debt ratios [3]. - The subsidiary, Zhejiang Sunshine Urban Lighting Engineering Co., Ltd., was established on August 16, 2002, with a registered capital of 70 million yuan and specializes in lighting equipment and related services [5]. - As of January 9, 2026, the total external guarantees provided by the company and its subsidiaries amount to 256.6584 million yuan, representing 7.29% of the company's latest audited net assets, with no overdue guarantees reported [10]. Group 3: Risk Assessment and Board Opinion - The board of directors believes that the guarantee is necessary to ensure the subsidiary's access to liquidity from banks and that the associated risks are manageable [9]. - The company maintains absolute control over the subsidiary's operations, which mitigates financial risks, ensuring that the guarantee does not adversely affect the company or its minority shareholders [8][9].