Core Viewpoint - The company is providing financing lease repurchase guarantees and buyer credit guarantees to non-related customers purchasing its products, with a total guarantee amount not exceeding RMB 2 billion, aimed at promoting product sales and accelerating receivables collection [1][2][3][5]. Summary by Sections 1. Guarantee Overview - The company has approved a plan to provide financing lease repurchase guarantees and buyer credit guarantees to non-related customers, with a cumulative guarantee amount not exceeding RMB 2 billion [1][3][5]. - As of July 31, 2025, the total amount of external guarantees provided by the company and its subsidiaries is RMB 0, which is 1.91% of the company's latest audited net assets [7]. 2. Adjustment of Guarantee Plan - The company is adjusting its guarantee plan to facilitate product sales and accelerate receivables collection, particularly in the coal machinery business, which has been restructured [2][4]. - The restructuring involves transferring relevant assets, liabilities, and operations to a wholly-owned subsidiary, thereby changing the sales entity for coal machinery products [2]. 3. Internal Decision-Making Process - The company held a board meeting on August 28, 2025, to approve the adjustment of the guarantee plan, which will require shareholder approval [4][7]. 4. Guarantee Agreement Details - The guarantees will be provided to customers who are creditworthy and have been approved by third-party financial institutions, ensuring no related party relationships exist [4][6]. - The company will require necessary counter-guarantees from customers or third parties to mitigate risks associated with the guarantees [5][6]. 5. Necessity and Reasonableness of Guarantees - Providing these guarantees is deemed beneficial for promoting sales and accelerating cash flow, aligning with the interests of the company and its shareholders [6][7]. - The company has implemented risk control measures to ensure that the risks associated with these guarantees are manageable and do not harm the interests of shareholders, especially minority shareholders [6][7].