Core Points - The company held its fifth meeting of the sixth supervisory board on July 16, 2025, with all three supervisors present, ensuring compliance with relevant laws and regulations [2][3] - The board approved the application for a comprehensive credit limit of up to 50 million RMB from Shanghai Pudong Development Bank, with a term not exceeding one year [2] - The company's wholly-owned subsidiary, Wisdom Petroleum Karamay, is authorized to apply for a comprehensive credit limit of up to 200 million RMB from the Bank of China Karamay Petroleum Branch, with a term not exceeding three years [2] - The company will provide credit guarantees for the subsidiary's credit application, with the guarantee amount not exceeding the total of the current application [2] - The decisions made are in accordance with the Shenzhen Stock Exchange's regulations and do not harm the interests of the company and its shareholders [2] Voting Results - The resolution received unanimous approval with 3 votes in favor, 0 against, and 0 abstentions [3] - The proposal will be submitted for review at the company's shareholders' meeting [3]

Core Viewpoint - The company, QianNeng HengXin Energy Technology Co., Ltd., has approved a series of credit applications and guarantees to support its wholly-owned subsidiary, Wisdom Petroleum (Karamay), in its operations in the Junggar Basin [2][4][6]. Group 1: Credit Applications - The company has applied for a comprehensive credit limit of up to 50 million RMB from SPD Bank, with a term not exceeding 1 year [2][8]. - Wisdom Petroleum (Karamay) has applied for a comprehensive credit limit of up to 20 million RMB from Bank of China, with a term not exceeding 3 years [2][4]. - Wisdom Petroleum (Karamay) has also applied for a comprehensive credit limit of 43 million RMB from Kunlun Bank, with a maximum loan balance of 28 million RMB [3]. Group 2: Guarantees - The company will provide a credit guarantee for Wisdom Petroleum (Karamay) for the aforementioned credit limits, with a total guarantee amount not exceeding 20 million RMB for Bank of China and 28 million RMB for Kunlun Bank [3][4]. - The total guarantee amount for Wisdom Petroleum's operations in the Junggar Basin has been increased from 90 million USD to 120 million USD, equivalent to approximately 852.29 million RMB [5][6]. - The cumulative external guarantee amount provided by the company and its subsidiaries is 1.98268 billion RMB, which accounts for 183.62% of the company's audited net assets for 2024 [6][7]. Group 3: Financial Health of Wisdom Petroleum - As of December 31, 2024, Wisdom Petroleum had total assets of 1.46423 billion RMB, total liabilities of 774.69 million RMB, and net assets of 689.54 million RMB [6][7]. - The company has reported no overdue guarantees or litigation related to guarantees, indicating a stable financial position [6][7]. Group 4: Board and Supervisory Opinions - The board and supervisory committee have expressed support for the credit applications and guarantees, emphasizing that these actions are in line with the company's operational needs and comply with relevant regulations [8].

Core Viewpoint - The company has approved a plan to provide financing lease repurchase guarantees and credit guarantees to customers, with a total guarantee limit not exceeding 600 million yuan [1][2]. Summary by Sections 1. Overview of Guarantees - The company held board meetings and a shareholders' meeting in early 2025 to approve the provision of financing lease repurchase and credit guarantees to customers [1]. - The total guarantee amount is capped at 600 million yuan, effective from the date of approval by the shareholders' meeting [1]. 2. Cooperation with Financial Institutions - The company has signed cooperation agreements with three financial leasing companies: Zhejiang Chouzhou Financial Leasing Co., Ltd., Industrial Bank Financial Leasing Co., Ltd., and Yongying Financial Leasing Co., Ltd. [2][3]. - The maximum guarantee amounts for these agreements are 150 million yuan, 300 million yuan, and 50 million yuan, respectively [2]. 3. Details of the Guarantees - The company provides repurchase and credit guarantees for its subsidiary, Hangzhou Zhongli Handling Equipment Co., Ltd., which sells products through financing lease models [4]. - The current guarantee amount for this financing lease business is 93.90 million yuan, with a total balance of guarantees provided amounting to 184.78 million yuan [4]. 4. Conditions for Guaranteed Customers - The guaranteed customers must have good credit, meet financing conditions as verified by third-party financial institutions, and have no related party relationships with the company [3][4]. 5. Necessity and Reasonableness of Guarantees - Providing guarantees in financing lease transactions is a common practice in the industry, helping to resolve payment issues for creditworthy customers and expanding the company's sales channels [5]. - The company emphasizes strict selection of guarantee subjects to maintain overall risk control [5]. 6. Total External Guarantees - As of the announcement date, the total external guarantee balance of the company and its subsidiaries is 531.34 million yuan, accounting for a certain percentage of the company's latest audited net assets [5].

Group 1 - The company Zhongyida (600610) held its first extraordinary general meeting of shareholders on May 15, 2025, in Chifeng City, Inner Mongolia [1] - The meeting approved a proposal to provide credit guarantees for its wholly-owned subsidiary [1]