Core Viewpoint - The board of directors of Guangdong Songfa Ceramics Co., Ltd. has approved several proposals related to financial activities for the year 2025, including new related party transactions, borrowing limits, guarantees, and investment plans, which will be submitted for shareholder approval [1][2][3][5][6][7]. Group 1: Related Party Transactions - The board approved the estimated situation of new daily related party transactions for 2025, with the proposal receiving unanimous support from independent directors and the supervisory board [1][2]. Group 2: Borrowing and Guarantees - The company plans to apply for a new borrowing limit of up to RMB 15 billion from a controlling shareholder's related party, with an interest rate not exceeding the Loan Prime Rate (LPR) [2][3]. - A new guarantee plan for 2025 was proposed, with an estimated total guarantee amount not exceeding RMB 30 billion, covering guarantees for subsidiaries [3]. Group 3: Credit and Financial Management - The company intends to apply for a new comprehensive credit limit of up to RMB 50 billion and USD 20 million (or equivalent foreign currency) to support its operations and business expansion [3][4]. - A proposal to establish a management system for foreign exchange derivative trading was approved to enhance risk management and asset security [5]. Group 4: Investment Plans - The company plans to use its own funds for entrusted wealth management, with a maximum daily balance of RMB 500 million allocated for low-risk financial products [6]. - The board proposed to conduct foreign exchange derivative trading with an estimated balance not exceeding USD 1 billion for 2025 [6]. Group 5: Shareholder Meeting - The company has scheduled the second extraordinary general meeting of shareholders for July 7, 2025, to review the aforementioned proposals [7].

Core Points - The company held its seventh meeting of the sixth supervisory board on June 20, 2025, with all three supervisors present, confirming compliance with legal and regulatory requirements [1][2]. - The supervisory board approved three key proposals, including the expected daily related transactions for 2025, additional borrowing from a controlling shareholder, and a new guarantee plan for 2025 [1][2]. Group 1: Daily Related Transactions - The supervisory board agreed that the expected daily related transactions for 2025 are normal market procurement and sales activities, adhering to legal and regulatory standards [1]. - The pricing for these transactions is based on equivalent compensation and fair market value, ensuring no harm to the company or minority shareholders [1]. Group 2: Borrowing and Guarantee Plans - The proposal for additional borrowing from a controlling shareholder was unanimously approved, indicating strong support from the supervisory board [2]. - A new guarantee plan for 2025 was also approved, which will be submitted for shareholder meeting review [2].

Group 1: Financial Overview - The company's asset-liability ratio as of the end of Q1 is 84.74% [2] - The company has bank loans amounting to 50 million [2] - There is an available bank credit line of 82 million and a shareholder commitment for a loan of 100 million, ensuring repayment capability [2] Group 2: Investor Relations Activity - The company participated in the 2025 Shandong Listed Companies Investor Online Reception Day on May 15, 2025, from 15:00 to 16:30 [2] - The event was held on the "Panorama Roadshow" website [2] - The reception was attended by the board secretary Liu Lu and financial director Xiao Cuiying [2]