SHHG(SH:603131) Shang Hai Zheng Quan Bao·2026-01-25 19:13Core Viewpoint - Shanghai Huguang Welding Group Co., Ltd. announced a share reduction plan by its major shareholder, Mingxin Guangchu Enterprise Management Co., Ltd., due to funding needs, which involves reducing up to 3% of the company's total share capital within three months [2]. Group 1: Shareholder Reduction Plan - As of the announcement date, Mingxin Guangchu holds 25,314,077 shares, accounting for 7.51% of the total share capital [2]. - The reduction plan allows for a maximum reduction of 10,107,216 shares, with up to 3,369,072 shares through centralized bidding and 6,738,144 shares through block trading [2]. - The total share capital used for calculations is based on 336,907,220 shares as of January 21, 2026 [2]. Group 2: Guarantee for Subsidiary - The company plans to provide a guarantee for its wholly-owned subsidiary, Huguang Intelligent Technology (Suzhou) Co., Ltd., for a comprehensive credit application of 50 million yuan from Ningbo Bank [8]. - The guarantee period is set for three years from the date of board approval [8]. - The board approved the guarantee with unanimous support, indicating no dissenting votes [8]. Group 3: Guarantee Details - The guarantee includes a maximum liability of 50 million yuan, covering principal, interest, penalties, and other related costs [9]. - The guarantee period extends for two years after the debt fulfillment deadline, with specific conditions for various financial instruments [11][12]. - The guarantee is deemed necessary for the subsidiary's operational needs and aligns with the company's overall interests and development strategy [13][14]. Group 4: Current Guarantee Status - As of the announcement date, the company has not provided guarantees to controlling shareholders or related parties, with total external guarantees amounting to 33.5381 million yuan, representing 2.74% of the latest audited net assets attributable to shareholders [16].