CH AUTO(SH:605018) Shang Hai Zheng Quan Bao·2026-01-28 18:03Group 1 - The company has signed a maximum guarantee contract with China Bank for a total amount of 150 million yuan (approximately 15 million) to support its wholly-owned subsidiary, Guangdong Changhua Automotive Parts Co., Ltd., from January 27, 2026, to December 31, 2029 [1][3][4] - The board of directors and the shareholders' meeting have approved the guarantee, which is within the authorized limit of 400 million yuan (approximately 40 million) for the company to provide guarantees for its subsidiaries [2][7] - The company has confirmed that there are no overdue guarantees, and the total amount of external guarantees provided by the company and its subsidiaries is 150 million yuan, accounting for 5.50% of the company's audited net assets for the year 2024 [8] Group 2 - The guarantee is necessary to ensure the smooth operation of the subsidiary's production activities, aligning with the company's overall development strategy [6][7] - The guarantee is structured as a joint liability guarantee, with the guarantee period for each debt calculated separately, lasting three years from the maturity of each debt [5][6] - The company maintains effective control over the subsidiary's operations and credit status, which helps mitigate guarantee risks [6][7]