Core Viewpoint - The company has decided to cancel previous financing guarantees for its subsidiary, Shandong Huasu, to optimize its financing structure and manage external guarantee limits effectively [9][12][40]. Group 1: Cancellation of Guarantees - The company approved the cancellation of a guarantee for Shandong Huasu's financing application to Qishang Bank, which was originally set at a limit of 10 million RMB for a one-year term [2][10]. - The company also approved the cancellation of a guarantee for Shandong Huasu's financing application to Hengfeng Bank, also set at a limit of 10 million RMB for a one-year term [3][11]. - The total amount of guarantees canceled amounts to 20 million RMB, which had not been implemented [12]. Group 2: Financing Lease Business - The company approved Shandong Huasu to engage in a sale-leaseback financing lease with Guoyao Ronghui, with a financing limit of up to 30 million RMB for a term not exceeding two years [4][15]. - The purpose of this financing is to supplement working capital and optimize the company's financing structure [22][34]. - The company and its subsidiaries will provide joint liability guarantees for this financing lease [16][25]. Group 3: External Guarantee Overview - After the cancellation of the guarantees, the total amount of external guarantees by the company and its subsidiaries is 931 million RMB, accounting for 58.61% of the latest audited net assets [12][36]. - The total balance of external guarantees is 471.87 million RMB, representing 29.71% of the latest audited net assets [12][36]. - The company has not experienced any overdue guarantees or legal disputes related to guarantees as of the announcement date [13][36].

Core Points - The company held its fifth temporary board meeting of 2025 on September 5, 2025, where all nine directors were present and approved several resolutions [1][2][3]. Group 1: Financing Guarantees - The board approved the cancellation of the guarantee for Shandong Huasu's financing application to Qishang Bank, which was previously set at a limit of 10 million RMB for a one-year term [2][3]. - The board also approved the cancellation of the guarantee for Shandong Huasu's financing application to Hengfeng Bank, with the same limit of 10 million RMB for a one-year term [2][3]. Group 2: Financing Lease Business - Shandong Huasu plans to engage in a sale-leaseback financing lease with Guoyao Ronghui, with a financing limit of up to 30 million RMB and a term not exceeding two years, aimed at supplementing working capital [4][5]. - The company, along with its subsidiaries, will provide joint liability guarantees for this financing lease [4][5].

Core Points - The company held its fourth temporary meeting of the ninth board of directors for the year 2025 on August 4, 2025, where all nine directors were present and voted unanimously on several resolutions [1][3][4]. Financing Guarantees - The company approved a guarantee for Shandong Huasu to apply for a financing credit of up to 46 million yuan from Bank of Communications, with collateral provided by Shandong Zhongguancun's industrial real estate and land use rights valued at 82.163 million yuan as of June 27, 2025 [2][3]. - A guarantee was also approved for Shandong Huasu to apply for a financing credit of up to 30 million yuan from Rizhao Bank, with collateral in the form of patents [4][7]. - The company approved a guarantee for Duoduo Pharmaceutical to apply for a financing credit of up to 10 million yuan from Jiamusi Rural Credit Cooperative, with a guarantee provided by the company’s subsidiary [8]. Lease Financing - The company’s subsidiary, Beijing Huasu, plans to engage in a sale-leaseback financing lease with Jiangsu Financial Leasing, using production equipment valued at approximately 45.4187 million yuan as collateral, with a financing limit of up to 30 million yuan for a term not exceeding two years [10][11]. Joint Venture - The company plans to establish a joint venture with two other partners, contributing a total registered capital of 1 million yuan, with the company holding a 67% stake [13]. Shareholder Meeting - The company announced the convening of its fifth temporary shareholder meeting for the year 2025 [15].

Group 1 - The company held its fourth temporary board meeting of the eighth session on April 3, 2025, with all nine directors present, complying with relevant laws and regulations [1][2][18] - The board approved a comprehensive credit limit application of 290 million RMB to Fujian Haixia Bank, secured by a 34.4149% equity pledge of Zhongnuo Communications [1][2][10] - The board also approved providing joint liability guarantees for its wholly-owned subsidiaries, Shenzhen Furi Zhongnuo Electronic Technology Co., Ltd. and Guangdong Yinuo Communications Co., Ltd., for financing lease applications of 30 million RMB and 50 million RMB, respectively, each with a term of 24 months [2][9][17] Group 2 - The total amount of guarantees provided by the company to its subsidiaries is 3.527 million RMB for Furi Zhongnuo and 1.095 billion RMB for Yinuo Communications, with a cumulative external guarantee amount of 3.517 billion RMB [6][7][19] - The company has no overdue guarantees and the total external guarantees exceed 100% of the latest audited net assets [8][19] - The board believes that the guarantees are necessary and reasonable to support the business development and financing needs of its subsidiaries, which have stable operations and repayment capabilities [17][18]