Yongjin Technology (SH:603995) Xin Lang Cai Jing·2026-01-15 19:29Core Viewpoint - The company has provided guarantees for its subsidiaries to secure credit facilities, which are deemed necessary for their operational needs and are within the authorized limits set by the board and shareholders [2][4][7]. Group 1: Guarantee Details - The company signed a maximum guarantee contract with Industrial and Commercial Bank of China for its wholly-owned subsidiary Jiangsu Yongjin Metal Technology Co., Ltd., providing a guarantee of up to 144 million yuan [2]. - A guarantee of up to 1,500,000 USD (approximately 10.518 million yuan) was signed with Standard Chartered Bank for its wholly-owned subsidiary Xinnuo International Trade Co., Ltd. [2]. - The company also signed a guarantee contract with Ningbo Bank for Xinnuo International, providing a maximum guarantee of 100 million yuan [3]. - A guarantee of up to 1,000,000 USD (approximately 7.012 million yuan) was signed with China Construction Bank for its controlling subsidiary Xinyue Metal Technology Co., Ltd. [3]. Group 2: Internal Decision-Making Process - The board approved the proposal for external guarantees on April 8, 2025, which was subsequently ratified by the annual general meeting on May 6, 2025 [4]. - An additional proposal to supplement the expected external guarantee amount was approved by the board on August 13, 2025, and ratified by the second extraordinary general meeting on September 1, 2025 [4]. Group 3: Cumulative Guarantee Situation - The total expected external guarantees for 2025 are capped at 6.5 billion yuan, with an outstanding balance of no more than 4.5 billion yuan [6]. - Guarantees for subsidiaries with an asset-liability ratio of 70% or above total 1.5 billion yuan, while those below 70% total 5 billion yuan [6]. - The company has provided a total of 5.222 billion yuan in external guarantees, which accounts for 76.20% of the latest audited net assets [7].