Tederic(SH:603289) Shang Hai Zheng Quan Bao·2026-01-16 19:01Summary of Key Points Core Viewpoint - The company is providing guarantees for buyer credit business to support customers with good credit who require financing, thereby facilitating business development and improving cash flow efficiency [2][9][10]. Group 1: Overview of Buyer Credit Guarantee - The company accepts buyer credit as a payment method during sales to assist customers with financing needs [2]. - The total guarantee amount for buyer credit is capped at RMB 50 million, with individual credit terms not exceeding five years [2]. - The chairman is authorized to decide on the specific guarantees within the approved limit for a period of twelve months [2]. Group 2: Criteria for Guaranteed Clients - The company has established positive and negative screening criteria for selecting clients for buyer credit guarantees [3][6]. - Positive criteria include being a legally registered company in China, having good commercial credit, and no unresolved legal disputes [3][5]. - Negative criteria include significant external guarantee risks, previous defaults, and financial instability [6][7][8]. Group 3: Main Content of Guarantee Agreements - The company has not yet signed specific guarantee agreements with banks or financial institutions but will do so within the approved guarantee limits [8]. Group 4: Board and Audit Committee Opinions - The board and audit committee agree that the buyer credit business will alleviate short-term financial pressure for clients and enhance cash flow efficiency [9][10]. - They confirm that the decision-making process complies with legal regulations and will not adversely affect the company's operations [9][10]. Group 5: Current Guarantee Status - As of December 31, 2025, the company's total guarantees for buyer credit amounted to approximately RMB 47.94 million, representing 3.36% of the company's audited net assets as of December 31, 2024 [11].