Core Viewpoint - The company is providing guarantees for certain clients to facilitate their financing needs, thereby enhancing long-term cooperation and competitiveness while managing associated risks [2][7]. Group 1: Guarantee Details - The company and its subsidiaries plan to provide guarantees for clients with good credit who need financing to pay for goods, with a total guarantee amount not exceeding RMB 500 million [2]. - The guarantee is limited to clients who meet financing conditions set by third-party financial institutions and have no related party relationships with the company [2]. - The company will seek necessary counter-guarantees from clients or designated third parties and will manage overdue clients through collection and legal actions [2][4]. Group 2: Internal Decision-Making Process - The board of directors approved the guarantee proposal on July 11, 2025, and it will be submitted to the shareholders' meeting for approval [3]. - The guarantee is valid for 12 months from the date of approval by the shareholders' meeting and can be used on a rolling basis [3]. Group 3: Recent Guarantee Progress - Recently, the company provided a guarantee of RMB 5.05 million for a client, Lianshun Company, which is seeking a bank loan to purchase machinery [4][6]. - The guarantee has a term of 3 years, with a third party providing counter-guarantee using its assets [6]. Group 4: Necessity and Reasonableness of the Guarantee - The company aims to address the financing needs of clients purchasing high-value digital printing equipment, which requires significant capital investment [7]. - Providing guarantees is expected to enhance clients' ability to fulfill contracts, improve receivables collection efficiency, and promote business development [7]. Group 5: Cumulative Guarantee Situation - As of the announcement date, the total external guarantee amount for buyer credit business is RMB 500 million, with a balance of RMB 5.05 million, representing 0.16% of the company's latest audited net assets [8]. - The total external guarantees provided by the company, including those for subsidiaries, amount to RMB 325 million, with a balance of RMB 127.24 million, representing 4.04% of the latest audited net assets [8].