Core Viewpoint - The announcement details the provision of guarantees by Chongqing Qianli Technology Co., Ltd. and its subsidiaries for the credit applications of their wholly-owned subsidiaries, indicating a strategic move to support operational financing needs [1][2]. Summary by Sections Guarantee Overview - Chongqing Qianli Technology's wholly-owned subsidiary, Lifan International (Holding) Co., Ltd., provides a pledge guarantee for Chongqing Ruiblue Automobile Manufacturing Co., Ltd. to apply for a credit limit of up to 40 million RMB from Shanghai Pudong Development Bank, with an actual guarantee balance of 313 million RMB [1][2]. - Chongqing Ruiblue Technology Co., Ltd. provides a joint liability guarantee for its wholly-owned subsidiary, Ruiblue Research Institute, for a credit limit of up to 10 million RMB, with no actual guarantee balance [2]. Internal Decision-Making Process - The guarantee matters have been approved by the respective shareholder meetings of Lifan International and Ruiblue Technology, falling within the decision-making authority of the subsidiaries, thus not requiring further approval from the company's board or shareholders [2]. Financial Health of Guaranteed Entities - Ruiblue Manufacturing has a debt-to-asset ratio of 57.08%, while Ruiblue Research Institute has a debt-to-asset ratio of 66.99%, indicating their financial leverage [2]. Total External Guarantees - As of the announcement date, the total external guarantees provided by the company and its subsidiaries amount to 463 million RMB, which represents 4.40% of the latest audited net assets attributable to the parent company [5]. - The guarantees provided to subsidiaries total 221 million RMB, accounting for 2.10% of the latest audited net assets, while inter-subsidiary guarantees total 242 million RMB, representing 2.30% [5]. Necessity and Reasonableness of Guarantees - The guarantees are deemed necessary and reasonable for the operational needs of the subsidiaries, with the company maintaining good control over the credit status of the guaranteed entities, ensuring manageable risk levels [5].

Group 1 - The company reported a net profit of 258.0171 million yuan for the year 2024, but has a cumulative undistributed profit of -239.6296 million yuan, leading to a decision not to distribute cash dividends or issue bonus shares [8][9]. - The company plans to apply for a total credit limit of 5.39094 billion yuan from banks for 2025 to support its business development [18]. - The company has proposed to provide guarantees for its wholly-owned subsidiaries, with a total guarantee amount not exceeding 3.6 billion yuan [21][24]. Group 2 - The company will conduct daily related party transactions with Zhejiang Lutong Electromechanical Co., Ltd., with an expected total amount not exceeding 252.8 million yuan for 2025 [39]. - The company has announced a change in accounting policies due to new interpretations of accounting standards, effective from January 1, 2024 [47][48]. - The company plans to engage in copper futures hedging to mitigate risks associated with copper price fluctuations, with a maximum hedging amount of 1,000 tons and a contract value not exceeding 75 million yuan [57][59].

Group 1 - The company raised a total of RMB 831,265,000 by issuing 15,500,000 shares at a price of RMB 53.63 per share, with a net amount of RMB 749,956,497.94 after deducting underwriting and other fees [1][4][77] - The company has established five special accounts for the management of raised funds, ensuring compliance with regulatory requirements [2][3] - The company plans to use up to RMB 700 million of temporarily idle raised funds for cash management, investing in low-risk financial products [4][5] Group 2 - The company approved a profit distribution plan for 2024, proposing a cash dividend of RMB 1.63 per share, totaling RMB 10,106,000, which represents 16.28% of the net profit [13][15] - The company achieved a net profit of RMB 62,075,260.49 for 2024, with a distributable profit of RMB 231,046,032.59 after accounting for retained earnings [13][19] - The company has maintained a consistent cash dividend policy, with a total cash dividend of RMB 20,150,000 for 2024, accounting for 32.46% of the net profit [15][17] Group 3 - The company has proposed to apply for a comprehensive credit limit of up to RMB 1.2 billion from banks to support its ongoing operations and development [34][36] - The company plans to provide a guarantee of up to RMB 80 million for its wholly-owned subsidiary, Ningbo Xiatou Intelligent Technology Co., Ltd., to facilitate its bank loans [40][48] - The company will also provide a guarantee of approximately RMB 54.2 million for its subsidiary, XIASHA VIETNAM COMPANY LIMITED, to support its credit application [56][62] Group 4 - The company has approved a salary scheme for its directors, supervisors, and senior management for 2025, aligning compensation with industry standards and performance [69][71] - The company has announced a delay in the completion of certain fundraising projects, specifically extending the timeline for the "Annual Production of 300,000 Sets of New Energy Vehicle Drive Reduction Mechanism Project" to December 31, 2025 [75][79]