Core Points - The company has established a decision-making system for external guarantees to regulate its guarantee behavior and mitigate financial risks [1] - The system applies to the company, its wholly-owned subsidiaries, and significant equity investees [1][2] - External guarantees must be approved by the board of directors or the shareholders' meeting, with specific thresholds for different types of guarantees [2][3] Group 1: General Principles - The company defines external guarantees as actions taken to provide security for debts owed by third parties, including guarantees, mortgages, and pledges [1] - All directors and senior management must carefully manage and control the risks associated with external guarantees [1] - The principles governing external guarantees include legality, prudence, mutual benefit, and safety [1] Group 2: Approval Authority - Any external guarantee must be approved by the board of directors or the shareholders' meeting [2] - Guarantees exceeding 50% of the latest audited net assets or 30% of total assets require shareholder approval [2] - Specific conditions, such as guarantees for entities with over 70% debt-to-asset ratio or single guarantees exceeding 10% of net assets, also necessitate shareholder approval [2] Group 3: Guarantee Procedures - The company must conduct a thorough review of the creditworthiness of the party requesting the guarantee [3][4] - The financial department is responsible for investigating and analyzing the financial status and operational conditions of the guaranteed party [4] - The board of directors must carefully evaluate the financial and operational status of the guaranteed party before making a decision [4] Group 4: Risk Management - The company must track and supervise the financial condition and debt repayment status of the guaranteed party during the guarantee period [6] - If the guaranteed party fails to fulfill its obligations, the company must initiate recovery procedures [6][7] - The company is required to disclose any guarantees and related information in accordance with legal and regulatory requirements [5][6]

Core Points - The article outlines the external guarantee decision-making system of Huaping Information Technology Co., Ltd, aiming to regulate external guarantee behaviors and control risks [1][2] - The system applies to the company and its subsidiaries, ensuring that any external guarantees provided by subsidiaries are disclosed after proper procedures [1][2] - The company emphasizes the importance of risk assessment and management in providing guarantees, requiring thorough investigation of the debtor's financial and operational status [3][4] Summary by Sections General Principles - The external guarantee refers to the company providing guarantees for debts owed by third parties, including subsidiaries [2] - Guarantees must be approved by the board of directors or shareholders, and all directors and senior management are responsible for managing risks associated with guarantees [3][4] Review of Guarantee Objects - The company can provide guarantees to entities with independent legal status that meet specific criteria, such as having a strong repayment ability [7] - The board must conduct a thorough review of the debtor's financial health and may hire external professionals for risk assessment [8][9] Approval Authority and Procedures - The highest decision-making body for guarantees is the shareholders' meeting, with the board of directors exercising decision-making authority based on the company's articles of association [13][14] - Certain guarantees require shareholder approval, especially those exceeding specified thresholds related to net assets [15][16] Management of External Guarantees - The finance department is responsible for managing external guarantees, including conducting credit analysis and monitoring the financial status of guaranteed entities [24][25] - The company must maintain proper documentation and regularly review the status of guarantees to ensure compliance with internal policies [26][27] Information Disclosure - The company is required to disclose information regarding external guarantees in accordance with relevant laws and regulations, including details about the total amount of guarantees and their impact on net assets [32][33] - Timely disclosure is mandated in cases where the guaranteed party fails to meet repayment obligations or faces bankruptcy [36] Legal Responsibilities - The company must adhere strictly to the established procedures for providing guarantees, with penalties for those who violate these rules [37][38] - Individuals responsible for unauthorized guarantees that result in losses may face compensation liabilities [39][40]