GSP GROUP(SH:605088) Shang Hai Zheng Quan Bao·2026-01-14 18:19Core Viewpoint - The company, Wenzhou Guansheng Automotive Parts Group Co., Ltd., has provided guarantees for its wholly-owned subsidiaries to support their financing needs, ensuring their stable development and aligning with the company's overall interests [19][20]. Group 1: Guarantee Details - The company has signed a maximum guarantee contract with Industrial and Commercial Bank of China for a credit facility of 132 million RMB for its subsidiary, Nanjing Guansheng Auto Parts Co., Ltd. [1] - The company has also provided guarantees for Zhejiang Jiasheng Automotive Parts Manufacturing Co., Ltd. with a maximum credit facility of 70 million RMB from Industrial Bank and 67.5 million RMB from Agricultural Bank of China [2]. - The total guarantee amount authorized for the subsidiaries is up to 1.85 billion RMB, valid until the next annual shareholders' meeting [2][3]. Group 2: Internal Decision-Making Process - The board of directors approved the guarantee proposals during meetings held on March 28, 2025, and April 18, 2025, ensuring compliance with relevant laws and the company's articles of association [2][20]. - The guarantees are within the approved limit and do not require further review [3]. Group 3: Financial Impact - As of the announcement date, the total guarantees provided by the company amount to 723.8975 million RMB, representing 29.87% of the company's latest audited net assets [21]. - The company has no overdue guarantees and all guarantees are exclusively for its subsidiaries [21]. Group 4: Rationale for Guarantees - The guarantees are deemed necessary and reasonable to support the business development of the subsidiaries, ensuring their continued stability and growth [19]. - The subsidiaries are reported to have stable operations and good creditworthiness, with risks considered manageable within the company's control [19].