Core Points - The article outlines the external guarantee decision management system of Shenzhen Lihe Microelectronics Co., Ltd, emphasizing strict control over debt risks associated with external guarantees [1][2][3] - The system requires board or shareholder approval for external guarantees, with specific thresholds for when such approvals are necessary [2][3][4] - The company must ensure compliance with relevant laws and regulations, including the Company Law, Securities Law, and the company's own articles of association [1][2][3] Group 1 - External guarantees must be reviewed and approved by the board of directors or shareholders, with at least two-thirds of directors present agreeing to the decision [2][3] - Guarantees exceeding 10% of the company's latest audited net assets or 30% of total assets require shareholder approval [2][3][4] - The company must obtain counter-guarantees from the primary shareholder or related parties when providing guarantees [4][5] Group 2 - The application process for external guarantees includes a thorough review of the applicant's creditworthiness and financial status [5][6][7] - The financial department is responsible for managing and tracking all external guarantee matters, ensuring compliance with disclosure obligations [10][11][12] - The company must maintain detailed records of all guarantee-related documents and conduct ongoing monitoring of the financial health of the guaranteed parties [10][11][12]

Core Viewpoint - The company is preparing for its 2024 Annual General Meeting (AGM) with specific guidelines to ensure order and efficiency, while also addressing its financial performance and strategic direction in a challenging market environment [1][2][3]. Meeting Guidelines - The AGM will only allow entry to shareholders, board members, and invited guests, with strict measures to maintain order [1]. - Shareholders must provide proof of shareholding and register 10 minutes before the meeting [1]. - Shareholders wishing to speak must register in writing, with speaking time limited to 5 minutes per shareholder [2]. - Voting will be conducted both on-site and online, with specific time slots for each [3]. Financial Performance - In 2024, the company reported a revenue of CNY 2,052.48 million, a decrease of 34.01% compared to 2023 [21]. - The net profit attributable to shareholders was -CNY 329.28 million, a decline of 647.21% year-on-year [21]. - The company’s total assets as of December 31, 2024, were CNY 6,341.14 million, with net assets of CNY 1,309.45 million [21]. Industry Overview - The construction materials industry, including coatings and insulation, is facing challenges due to a complex economic environment, with a significant decline in new housing starts and sales [7][8]. - The market for construction coatings is approximately CNY 900 billion, with the overall industry capacity reaching around CNY 4 trillion when including services [8]. - The company remains a key player in the industry, focusing on enhancing competitiveness and expanding its market share despite the downturn [10][11]. Strategic Initiatives - The company aims to strengthen operational efficiency and focus on quality revenue, while also addressing historical debts and enhancing its marketing strategies [14][19]. - Plans for 2025 include applying for a credit limit of up to CNY 650 million from financial institutions to support growth [26]. - The company is also proposing to cancel the supervisory board and establish an audit committee to streamline governance [30].