Core Points - The company has signed an irrevocable guarantee agreement with China Merchants Bank for a total guarantee amount of RMB 30 million, with an actual guarantee amount of RMB 25.2613 million for its wholly-owned subsidiary, Bangji Agriculture [1] - The guarantee has been approved by the company's board of directors and the annual general meeting of shareholders [2][8] - The company has a total guarantee limit of up to RMB 60 million for its subsidiaries and an additional RMB 20 million for downstream distributors and farms [3] - As of the announcement date, the company has provided guarantees totaling RMB 53.12949 million for its subsidiaries and RMB 8.07373 million for downstream distributors and farms, which represent 42.62% and 6.48% of the company's net assets, respectively [4] - The company has the capacity to provide additional guarantees of RMB 6.87051 million for subsidiaries and RMB 11.92627 million for downstream distributors and farms [4] - The guarantees are deemed necessary and reasonable to support the operational needs of subsidiaries and alleviate short-term financial pressures for distributors and farms [7]

Group 1 - The company has provided guarantees totaling RMB 80 million for its wholly-owned and controlling subsidiaries, and RMB 40.28 million for its joint ventures, while releasing guarantees amounting to RMB 28.29 million and RMB 38 million respectively [1][4][6] - The board of directors approved the 2025 external guarantee plan, allowing a total guarantee limit of RMB 262,995.58 million for wholly-owned and controlling subsidiaries, and RMB 140,667.02 million for joint ventures [1][5] - As of August 31, 2025, the total guarantees provided by the company amounted to RMB 193,466.15 million, which is 12.45% of the company's latest audited net assets [6] Group 2 - The main guarantee recipients include wholly-owned subsidiary Baiyin Youse Changtong Electric Wire and Cable Co., Ltd., controlling subsidiary Gansu Changba Nonferrous Metals Co., Ltd., and joint venture Gansu Defu New Materials Co., Ltd. [2][4] - The guarantees are structured as joint liability, with specific amounts allocated to each subsidiary: RMB 30 million for Baiyin Youse Changtong, RMB 50 million for Gansu Changba, and RMB 40.28 million for Gansu Defu [4] - The board believes that the guarantee plan is necessary to meet the funding needs for project construction and operations, and does not harm the interests of the company or its shareholders [5]

Group 1 - The company announced a guarantee of 50 million yuan for its wholly-owned subsidiary, Zhongchuang Engineering, to support its application for comprehensive credit from Bank of Communications Shanghai Branch [1] - This guarantee has been approved by the company's fourth board meeting and the 2024 annual general meeting, falling within the annual expected range of guarantees [1] - As of the announcement date, the total external guarantees provided by the company and its subsidiaries amount to 312.97 million yuan, representing 13.28% of the latest audited net assets, with no overdue external guarantees [1]

Summary of Key Points Core Viewpoint - The company, Jiangsu Longpan Technology Group Co., Ltd., has provided a total of RMB 150 million in joint liability guarantees for its subsidiaries, Changzhou Liyuan New Energy Technology Co., Ltd. and Liyuan (Jiangsu) Technology Co., Ltd., to support their bank credit applications [2][4]. Group 1: Guarantee Overview - The company has provided a total guarantee of RMB 150 million for its subsidiaries, which are under its control, and the risk is manageable within the company [2][4]. - As of the announcement date, the total actual guarantee balance for the company and its subsidiaries is RMB 5.58 billion, with no overdue guarantees [4][14]. - The company has established a comprehensive risk management system for guarantee operations, including dynamic tracking of the financial status of the guaranteed parties [13]. Group 2: Financial Data and Ratios - The total approved guarantee amount for the company and its subsidiaries is RMB 141.7 billion, which exceeds 447.04% of the company's audited net assets attributable to shareholders for the year 2024 [14]. - The actual guarantee balance of RMB 5.58 billion accounts for 176.05% of the company's audited net assets for 2024 [14]. - The company has no overdue guarantees and has not provided guarantees for shareholders or related parties [14]. Group 3: Decision-Making Process - The company held board meetings on February 21 and April 17, 2025, to approve the guarantee and credit limit proposals for the year [5]. - The guarantees include various types such as performance guarantees and credit guarantees, with a total limit of RMB 13.95 billion valid for 12 months from the date of approval [5]. Group 4: Subsidiary Information - Changzhou Liyuan has a registered capital of RMB 834.13 million and is involved in technology services and electronic materials manufacturing [7]. - Liyuan (Jiangsu) has a registered capital of RMB 300 million and focuses on electronic materials research and development [8]. Group 5: Necessity and Reasonableness of Guarantees - The guarantees are deemed necessary to support the subsidiaries' operational needs and are not expected to harm the interests of the company or its shareholders [12]. - The company maintains sufficient control over the subsidiaries, ensuring that the risks associated with the guarantees are manageable [12].

Summary of Key Points Core Viewpoint - The company has provided a guarantee for its subsidiary Shenzhen Bomin to meet its operational and business development funding needs, with a total guarantee amount of RMB 5 million from China Bank, effective from September 4, 2025, to December 30, 2025 [1][5]. Group 1: Guarantee Details - The company has approved a total external guarantee limit of up to RMB 2.25 billion for 2025, which includes RMB 1.85 billion for subsidiaries with a debt-to-asset ratio above 70% and RMB 400 million for those below [2]. - Prior to this guarantee, the company had already provided a guarantee balance of RMB 119.5 million to Shenzhen Bomin, and the new guarantee increases the total available guarantee to RMB 420 million [3][4]. - The guarantee is structured as a joint liability guarantee, with the guarantee period for each debt calculated individually, lasting three years from the debt's maturity [5][7]. Group 2: Necessity and Reasonableness of the Guarantee - The guarantee is deemed necessary and reasonable to support Shenzhen Bomin's daily operations and business growth, as the company has control over the subsidiary and its financial condition is stable [8]. - The board of directors has expressed that the guarantee will not harm the interests of the listed company or its shareholders, and it complies with relevant policies and regulations [8]. Group 3: Overall Guarantee Situation - As of the announcement date, the total external guarantee amount provided by the company and its subsidiaries is RMB 3.27 billion, which accounts for 76.86% of the company's latest audited net assets [8]. - There are no overdue external guarantees, and the company has not provided guarantees for its controlling shareholders or related parties [9].

Group 1: Restricted Stock Incentive Plan - The company announced the results of the 2024 restricted stock incentive plan, with a total of 845,400 shares reserved for grant [2] - The actual number of shares granted was adjusted from 913,800 to 845,400 due to 9 participants voluntarily waiving their rights [2][3] - The grant price for the restricted stock is set at 11.15 yuan per share [6] Group 2: Grant Details - The effective period for the restricted stock is up to 60 months from the completion of the grant registration [7] - The lock-up period for the granted restricted stock is 24 months, during which the stock cannot be transferred or used as collateral [7] - The company received a total of 9,426,210 yuan from 108 participants for the stock subscription [7][8] Group 3: Financial Impact and Shareholder Structure - The funds raised from the incentive plan will be used to supplement the company's working capital [10] - The stock grant will not change the control of the company as the shares are sourced from the company's own repurchased stock [9] - The total external guarantees provided by the company amount to 911,220.41 million yuan, with no overdue guarantees reported [17] Group 4: Guarantee for Subsidiary - The company provided a guarantee of 40 million euros for its wholly-owned subsidiary, Groupe du Louvre (GDL), for a working capital loan [12] - The total amount guaranteed for GDL is 213.5 million euros, with no counter-guarantee in place [12][13] - GDL reported total assets of 159,695.41 million euros and a net loss of 3,009.07 million euros for the first half of 2025 [13]

Summary of Key Points Core Viewpoint - The company, Jiangsu Longpan Technology Group Co., Ltd., has announced the provision of guarantees for its subsidiaries, Changzhou Liyuan New Energy Technology Co., Ltd. and Liyuan (Jiangsu) Technology Co., Ltd., to support their bank credit applications, indicating a controlled risk environment for the company [1]. Group 1: Guarantee Overview - The company has provided a total guarantee of RMB 150 million for its subsidiaries, with RMB 50 million for Changzhou Liyuan and RMB 100 million for Jiangsu Liyuan [1]. - The company has full control over the production and financial management of the subsidiaries, ensuring that the guarantee risks are manageable [1][6]. - The total amount of guarantees provided by the company and its subsidiaries has exceeded 100% of the audited net assets attributable to the parent company for the fiscal year 2024 [1][7]. Group 2: Financial Data of Subsidiaries - Changzhou Liyuan has a registered capital of RMB 83,412.7585 million and operates in the electronic materials sector [2][3]. - Jiangsu Liyuan, a wholly-owned subsidiary of Changzhou Liyuan, has total assets of RMB 248,780.63 million and reported a net profit of RMB -890.57 million [5]. Group 3: Risk Management - The company has established a comprehensive risk management system for its guarantee business, including dynamic tracking of the guarantee ledger and feasibility assessments of the projects [6]. - The company has no overdue guarantees and does not provide guarantees for shareholders or related parties [7].

Core Viewpoint - The company has announced its expected external guarantee limits for the year 2025, detailing various guarantee agreements with its subsidiaries and banks to support their business operations [1][6]. Group 1: Basic Situation of Guarantees - The company’s wholly-owned subsidiary, Shanghai Ruimaotong Supply Chain Management Co., Ltd., has signed a guarantee contract with Nanjing Bank Shanghai Branch, providing a joint liability guarantee within a limit of 10 million RMB for HeLuo E-commerce [2]. - Another subsidiary, Hainan Ruimaotong, has a maximum guarantee contract with Hainan Bank Qiongzhong Branch, with a guarantee limit of 54 million RMB [2]. - The company has also signed a maximum guarantee contract with Nansha Haigang Trade Co., Ltd., increasing the guarantee limit from 60 million RMB to 80 million RMB for Jiangsu Jinhui and Zhejiang Hehui, with each receiving a guarantee of up to 40 million RMB [3]. Group 2: Guarantee Adjustments - The company has signed a maximum guarantee contract and a supplementary agreement with Huayuan Luguang Supply Chain Technology (Shanxi) Co., Ltd., providing a total guarantee limit of 120 million RMB for several subsidiaries, with specific adjustments to the guarantee amounts for each [4]. - The adjusted guarantee amounts include 100 million RMB for Henan Ruimaotong Grain and Oil Co., Ltd., and 5 million RMB each for Tianjin Ruimaotong and other subsidiaries [4]. Group 3: Board Opinions and Approval - The company’s board of directors unanimously approved the expected external guarantee limits for 2025, stating that these guarantees are based on actual business needs and strategic deployment for the year [16]. - The board believes that the guarantees will enhance the financing capabilities of its subsidiaries, ensuring stable development and aligning with the interests of all shareholders [16]. Group 4: Cumulative Guarantee Situation - As of the announcement date, the total external guarantees provided by the company and its subsidiaries amount to approximately 1,445.52 million RMB, which is 183.24% of the latest audited net assets [16]. - The guarantees provided to consolidated entities total approximately 1,100.90 million RMB, representing 139.56% of the latest audited net assets [16].

Core Viewpoint - The company has provided guarantees for its wholly-owned subsidiaries, Jiaxing Shuguang and Liuzhou Shuguang, to support their financing needs, despite their high debt-to-asset ratios exceeding 70% [2][5][6]. Summary by Sections Guarantee Overview - Jiaxing Shuguang has been provided a maximum guarantee of up to 3 million yuan, with an actual guarantee amount of 6 million yuan as of the announcement date [3][6]. - Liuzhou Shuguang has been provided a maximum guarantee of up to 5 million yuan, with an actual guarantee amount of 10 million yuan as of the announcement date [3][6]. - The company has no overdue guarantees as of the announcement date [4][5]. Internal Decision-Making Process - The company held board meetings on April 10, 2025, and May 8, 2025, to approve the guarantee limits for the year 2025, allowing for a total guarantee limit of 1.6 billion yuan for subsidiaries [7]. - The company can provide guarantees of up to 1.2 billion yuan for subsidiaries with debt-to-asset ratios above 70% and up to 250 million yuan for those below 70% [7]. Financial Status of Guaranteed Subsidiaries - Jiaxing Shuguang's total assets as of June 30, 2025, are 133.77 million yuan, with total liabilities of 109.73 million yuan, resulting in a debt-to-asset ratio of 82.03% [10]. - Liuzhou Shuguang's total assets as of June 30, 2025, are 124.38 million yuan, with total liabilities of 99.47 million yuan, resulting in a debt-to-asset ratio of 79.98% [12]. Necessity and Reasonableness of Guarantees - The guarantees provided by the company are aimed at improving the financing efficiency of its subsidiaries and are aligned with the company's overall development strategy [15].

Summary of Key Points Core Viewpoint - The company has approved a guarantee limit for its subsidiaries, allowing them to apply for various forms of bank credit and operational guarantees, with a total limit not exceeding RMB 1 billion [1]. Group 1: Guarantee Limit Overview - The company approved a guarantee limit of up to RMB 1,000,000 million for 17 subsidiaries to apply for bank credit and operational guarantees [1]. - The specific guarantee amount for SUNGROW (INDIA) PRIVATE LIMITED is set at RMB 60 million [1]. - The board of directors can adjust the guarantee amounts for subsidiaries within the approved limit without needing further board resolutions [1]. Group 2: Recent Developments - SUNGROW (INDIA) has applied for an additional USD 5 million in credit, for which the company provides a joint liability guarantee, valid for up to three years [2]. - This new guarantee falls within the previously approved limit and does not require additional board or shareholder approval [2]. Group 3: Cumulative Guarantee Situation - The total external guarantee limit for the company is RMB 4,095,870.71 million, which exceeds the company's audited net assets by 110.98% [3]. - The actual external guarantee balance is RMB 2,124,291.25 million, accounting for 57.56% of the company's audited net assets [3]. - The cumulative guarantee amount provided by subsidiaries to each other is RMB 1,027,658.84 million, representing 27.85% of the company's audited net assets [3].