Core Viewpoint - Yutong Bus Co., Ltd. has reported its production and sales data for August 2025, along with updates on its annual guarantee plan, indicating ongoing operational activities and financial commitments [1][2]. Group 1: Production and Sales Data - The company has released a production and sales report for August 2025, with the final data to be confirmed in the regular financial report [1]. Group 2: Guarantee Plan Progress - The company is providing monthly summaries of its guarantee plan in accordance with the Shanghai Stock Exchange disclosure requirements [3]. - In August, the company provided guarantees totaling 57,195.05 million yuan for its subsidiaries and 380.80 million yuan for housing loan guarantees [4]. Group 3: Guarantee Details - The guarantees are primarily for the company's wholly-owned subsidiaries, including Hong Kong Yutong International Co., Ltd., Yutong de Mexico, S.A. de C.V., and Yutong France S.A.S. [3][4]. - As of August 31, 2025, the total amount of guarantees provided by the company is 28.48 billion yuan, which represents 21.21% of the company's most recent audited net assets [4].

Group 1 - The company plans to apply for a comprehensive credit limit of up to RMB 250 million for 2025 to meet its operational and business development funding needs [1] - The company has signed a maximum guarantee contract with CITIC Bank Shanghai Branch, providing a joint liability guarantee of up to RMB 60 million for its wholly-owned subsidiary, Guizhou Nenghui Smart Energy Technology Co., Ltd. [2] - The total approved guarantee amount for the company and its subsidiaries is RMB 209.85 million, with an actual guarantee balance of RMB 3.84 million, representing 4.53% of the company's latest audited net assets [3]

Group 1 - The company Qinghai Qingyi CNC Equipment Co., Ltd. is seeking a loan of 7 million yuan from Bank of China Qinghai Branch for business development, with a loan term of 12 months [1][2] - The subsidiary Qizhong CNC Equipment Co., Ltd. will continue to provide joint guarantee for the loan [2][5] - The board of directors has approved the guarantee, which will be submitted to the shareholders' meeting for further approval [2][5] Group 2 - Qinghai Qingyi has a registered capital of 10 million yuan and was established on June 14, 2017, focusing on high-tech machinery products [2] - As of December 31, 2024, Qinghai Qingyi reported total assets of approximately 37.14 million yuan and total liabilities of approximately 40.52 million yuan, resulting in a negative net asset of approximately -3.38 million yuan [3] - For the first half of 2025, Qinghai Qingyi's total assets were approximately 33.35 million yuan, with total liabilities of approximately 41.40 million yuan, leading to a negative net asset of approximately -8.05 million yuan [3] Group 3 - The guarantee contract stipulates a debt of 7 million yuan with a loan term of 12 months, including various fees and penalties in case of default [3][4] - The guarantee period lasts from the contract's effective date until three years after the final debt repayment [4] Group 4 - The board believes that the guarantee is necessary for Qinghai Qingyi's daily operations and aligns with the overall interests of the company [5] - The total amount of guarantees provided by the company and its subsidiaries after this guarantee will be 100 million yuan, which is 5.25% of the audited net assets for 2024 [5]

Group 1 - The company held its 21st meeting of the 6th Board of Directors on September 4, 2025, with all 6 directors present, and the meeting was conducted in accordance with relevant laws and regulations [1][2] - The Board unanimously approved a resolution to provide a guarantee limit of up to 110 million yuan for its subsidiary, Wuhu Fanchang Spring Xing Co., Ltd., with various forms of guarantees allowed, effective until the annual shareholders' meeting in 2025 [1][2] - The resolution has been reviewed and approved by the independent directors and will be submitted to the shareholders' meeting for further approval [2] Group 2 - The company plans to hold its fourth extraordinary shareholders' meeting on September 23, 2025, with a unanimous vote of 6 in favor and no votes against or abstentions [2] - The specific details regarding the guarantee and the shareholders' meeting will be disclosed on the designated information disclosure media [2]

Core Viewpoint - Zhongchuang Logistics Co., Ltd. has signed a guarantee contract with Bank of Communications Shanghai Branch to provide a joint liability guarantee of 50 million yuan for its wholly-owned subsidiary, Zhongchuang Engineering Logistics Co., Ltd. [1] Group 1 - The guarantee is within the company's annual expected range and does not require further approval from the board of directors or shareholders [1] - Zhongchuang Engineering was established in 2019 with a registered capital of 120 million yuan and has shown good performance in the first half of 2025 [1] - As of the announcement date, the total external guarantees of the company and its subsidiaries amount to 312.97 million yuan, accounting for 13.28% of the most recent audited net assets, with no overdue external guarantees [1] Group 2 - The board of directors believes that the risk of this guarantee is controllable, beneficial for the subsidiary's operations, and does not harm the interests of the company and its shareholders [1]

| 项目 | 2024年12月31日 | 2025年5月31日 | | --- | --- | --- | | 保存支援 | 668,878.00 | 655,480.21 | | 负责日期 | 627,303.97 | 612,872.17 | | 流动价债史露 | 626,658.03 | 612.215.88 | | 银行日收藏版 | 227,323.25 | 219,916.25 | | 世界第 | 41.574.03 | 42.60S.04 | | | 2024年度 | 2025年1-5月 | | 费业收入 | 1.701.998.96 | 627,657,77 | | 科训总题 | 3,941.42 | 1,390,81 | | 20和国 | 3,387.52 | 1.034.01 | 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗 漏。 特别风险提示: 公司及控股子公司提供担保的余额为111.50亿元，占公司最近一期经审计净资产总额的194.39%，对负 债率超过70%的控股子公司提供担保的余额为82.02亿元，占公司最近一期经审计净资产总额的 142 ...

Summary of Key Points Core Viewpoint - The company, Tianjin TEDA Resource Recycling Group Co., Ltd., has announced the provision of guarantees for its subsidiaries, which raises concerns regarding the potential risks associated with high levels of debt and guarantees provided. Group 1: Guarantee Overview - The company is providing a total guarantee of 1.115 billion yuan, which accounts for 194.39% of the company's most recent audited net assets [1][32] - The guarantees include 820.2 million yuan for subsidiaries with a debt ratio exceeding 70%, representing 142.99% of the company's net assets [1][32] - The guarantees are primarily for Tianjin TEDA Energy Group Co., Ltd. and Tianjin TEDA Clean Materials Co., Ltd. [3][31] Group 2: Financing Applications - Tianjin TEDA Energy has applied for financing from Langfang Bank totaling 40 million yuan and 30 million yuan, with the company providing a joint liability guarantee of 15 million yuan [1][12][18] - Tianjin TEDA Clean Materials has applied for financing of 10 million yuan from both Bohai Bank and Shanghai Bank, with the company providing joint liability guarantees for these amounts [2][24][28] Group 3: Guarantee Limits and Financial Data - The company approved a guarantee limit of 2.37 billion yuan for Tianjin TEDA Energy and 100 million yuan for Tianjin TEDA Clean Materials for the year 2025 [3][31] - The remaining guarantee balances after the current guarantees will be 2.36 billion yuan for Tianjin TEDA Energy and 48.72 million yuan for Tianjin TEDA Clean Materials [3][31] Group 4: Subsidiary Information - Tianjin TEDA Energy was established on May 31, 1999, with a registered capital of 251.96 million yuan, and its main business includes geological exploration and sales of various materials [4][9] - Tianjin TEDA Clean Materials was established on March 4, 2004, with a registered capital of 80 million yuan, focusing on manufacturing and sales of textile products and bio-based materials [8][9] Group 5: Board of Directors' Opinion - The board believes that the risks associated with the guarantees are manageable, given the asset quality of the subsidiaries, and that the guarantees do not harm the company's interests [31]

Core Viewpoint - The company has announced a guarantee for its wholly-owned subsidiary, Jiangsu Yifeng, amounting to 300 million yuan, aimed at supporting its operational and business development needs [1][3][4]. Summary by Sections Guarantee Overview - The guarantee amount provided to Jiangsu Yifeng is 30 million yuan, with a total guarantee balance of 70 million yuan [1]. - The guarantee is part of a comprehensive credit facility agreement with Industrial Bank Co., Ltd. Nanjing Branch, effective from July 23, 2025, to June 18, 2026 [2][3]. Financial Health of the Subsidiary - Jiangsu Yifeng has a strong profitability and debt repayment capability, with total assets of 236,934.21 million yuan and total liabilities of 154,822.83 million yuan as of the latest audited financials [2][3]. - The subsidiary's net profit for the previous year was 12,462 million yuan, indicating a stable financial position [2]. Board's Opinion - The board believes that providing this guarantee is a reasonable estimate based on the subsidiary's business development needs and financial stability, ensuring that it aligns with the company's overall strategic goals [4]. - The decision-making process for the guarantee complies with relevant laws and regulations, ensuring no harm to shareholders, particularly minority shareholders [4]. Cumulative Guarantee Situation - As of the announcement date, the total external guarantees provided by the company and its subsidiaries amount to 271,500 million yuan, which is 25.31% of the company's latest audited net assets [4]. - There are no overdue guarantees or guarantees provided to related parties, ensuring a controlled risk environment [4].

Group 1 - The company plans to repurchase shares using its own funds, with a budget between RMB 75 million and RMB 150 million, at a maximum price of RMB 16.00 per share [2] - After the 2024 annual equity distribution, the maximum repurchase price was adjusted to RMB 15.85 per share, effective from June 11, 2025 [3] - As of August 31, 2025, the company has not yet started the share repurchase process [4] Group 2 - The company has provided guarantees for its subsidiaries, including a non-financing guarantee of RMB 700,000 for Dongguan Debang and RMB 61,300 for Ningbo Xuande, among others [9][13] - The board approved a total external guarantee limit of RMB 700 million for 2025, with specific allocations based on the subsidiaries' debt ratios [10][11] - As of August 31, 2025, the total external guarantees amounted to RMB 1,847.56 million, representing 21.83% of the company's latest audited net assets, with no overdue guarantees reported [15]

Core Viewpoint - The company has signed a loan agreement with China Construction Bank for 100 million RMB to support the operational needs of its subsidiary, Chifeng Company, with the company providing a guarantee for this loan [2][5]. Group 1: Loan and Guarantee Details - The loan amount is 100 million RMB, which will be drawn in installments based on actual needs [2]. - The company plans to provide a total external guarantee of 3 billion RMB for the year 2025, all of which will be for its controlling or wholly-owned subsidiaries [5]. - The guarantee for Chifeng Company is structured as a joint liability guarantee, with a guarantee period extending three years beyond the debt fulfillment deadline [3][5]. Group 2: Financial Health and Risk Assessment - Chifeng Company has a stable operational status and good creditworthiness, making the guarantee risk controllable [5]. - The company’s total external guarantee for 2025 represents 27.70% of its most recent audited net assets [5]. - As of the announcement date, the company has provided guarantees totaling 440 million RMB and 1.111 million USD for its subsidiaries, accounting for 4.80% of its most recent audited net assets, with no overdue guarantees reported [5]. Group 3: Board's Opinion - The board believes that providing the guarantee will accelerate the development of Chifeng Company, enhance the company's profitability, and meet its operational funding needs [5]. - The guarantee is deemed compliant with approval procedures and relevant regulations, benefiting both the company and its shareholders [5].