Group 1 - The company, Shandong Zhongrui Industrial Development Co., Ltd., has provided a guarantee exceeding 100% of its latest audited net assets, primarily for financing and business development needs of its subsidiaries [1] - The company’s wholly-owned subsidiary, Chengdu Haichuan Manufacturing Co., Ltd., has applied for a loan of 10 million yuan from Chengdu Bank, with the company providing a counter-guarantee [1][2] - The estimated counter-guarantee amount for third-party institutions is not expected to exceed 110 million yuan, which is within the approved guarantee limit [2] Group 2 - As of December 31, 2024, the guarantee company had total assets of 845.31 million yuan and a net profit of 28.79 million yuan [2] - As of March 31, 2025, the guarantee company had total assets of 849.16 million yuan and a net profit of 8.19 million yuan [3] - Chengdu Haichuan's total assets were 221.99 million yuan as of December 31, 2024, with a net profit of -2.12 million yuan for the first quarter of 2025 [3] Group 3 - The counter-guarantee covers all costs related to the loan, including principal, interest, penalties, and any legal fees incurred [4] - The board of directors believes that the financial risks associated with the counter-guarantee are manageable and will not adversely affect the company's operations or shareholder interests [4][5] - The total approved external guarantee amount is 1.3 billion yuan, with a current balance of 983 million yuan, representing 2.34% of the latest audited net assets [5]

Overview - The company is providing a maximum guarantee amount of 50.75 million yuan to support the bond issuance of its associate, Huajin Securities, through a guarantee agreement with its controlling shareholder, Zhuhai Huafa Group [1][8]. Company and Financial Data - Huajin Securities has total assets of 11.282 billion yuan and net assets of 3.759 billion yuan as of December 31, 2024 [3]. - The company reported an operating income of 1.2674 billion yuan for the year 2024 and 1.3 billion yuan for the first quarter of 2025 [3]. - Zhuhai Huafa Group, the guarantor, has total assets of 729.285 billion yuan and net assets of 172.966 billion yuan as of December 31, 2024 [4]. Guarantee Agreement Details - The guarantee agreement allows for a maximum guarantee amount not exceeding 5.075 million yuan, which is 1.45% of the total bond issuance scale [5][6]. - The guarantee period is set for two years from the date of the guarantee responsibility [6]. - The agreement will be effective upon signature and seal by the legal representatives of both parties [7]. Purpose and Impact of the Transaction - The purpose of the related transaction is to lower the financing costs for Huajin Securities, thereby supporting its stable business development [8]. - The transaction is deemed reasonable and compliant, with no harm to the interests of the company or its shareholders, particularly minority shareholders [8]. - The company plans to increase its total external guarantee amount to 500 million yuan for 2025, which will represent approximately 33.66% of its audited net assets for 2024 [8]. Related Transactions - The total amount of related transactions that have occurred with the related party since the beginning of the year is 44.0336 million yuan [9]. Independent Directors' Opinion - The independent directors unanimously agreed that the provision of the guarantee aligns with the operational needs of the associate and complies with relevant laws and regulations [9].

Group 1 - The company guarantees the authenticity, accuracy, and completeness of the information disclosed in its quarterly report, and assumes legal responsibility for any false records or misleading statements [2][7][28] - The first quarter report for 2025 has not been audited [6][28] - The company plans to engage in daily related transactions with associated parties, with estimated amounts for various transactions not exceeding 30 million yuan for certain transactions and 8 million yuan for others [8][9][19] Group 2 - The company intends to provide a counter-guarantee for its subsidiary's financing, with a maximum counter-guarantee amount of 1.275 billion yuan based on a financing limit of 2.5 billion yuan [29][30] - The counter-guarantee is expected to be effective from the date of approval at the annual general meeting until the next annual general meeting [31][32] - The company has no overdue guarantees or litigation-related guarantees as of the announcement date [37][38] Group 3 - The company primarily engages in high-end equipment manufacturing and high-end materials business, serving industries such as nuclear power, hydropower, wind power, petrochemicals, metallurgy, and national defense [45] - The company’s main products include nuclear power main pipelines, reactor coolant pump casings, and various container forgings, which are critical for the safety and reliability of nuclear power plants [46][48][49] - The company has successfully achieved domestic production of key components previously controlled by foreign entities, enhancing its competitive position in the market [48][50]