Core Viewpoint - Guangdong Yinglian Packaging Co., Ltd. has established a "External Guarantee Management Method" to standardize external guarantee behavior, effectively prevent risks, and ensure asset safety [1][2] Group 1: External Guarantee Definition and Management - External guarantees refer to the company and its subsidiaries providing guarantees, asset pledges, and other forms of guarantees using their own assets or credit for other units or individuals, including guarantees for subsidiaries [1] - The company implements unified management of external guarantees, adhering to principles of equality, legality, prudence, mutual benefit, and safety, with no individual authorized to sign guarantee-related legal documents without board or shareholder approval [1] Group 2: Conditions and Approval Process - The company can provide guarantees to independent legal entities that meet specific conditions, such as mutual guarantee units needed for business, units with significant or potential business relationships, and subsidiaries [1] - For entities that do not meet the conditions but pose low risk, guarantees can be provided with approval from two-thirds of the board members or through shareholder meeting review [1][2] Group 3: Risk Management and Disclosure - The company has a strict procedure for guarantee execution, requiring the board to understand the debtor's credit status, with the finance department responsible for reviewing the guarantee object and submitting written opinions to the board [2] - A designated person is assigned to monitor the situation of the guaranteed party, maintaining financial records and reporting regularly, with measures in place to mitigate losses if significant adverse conditions arise [2] - The securities department is responsible for disclosing external guarantee information, ensuring compliance with disclosure obligations for transparency [2]

Group 1 - The company has established a "External Guarantee Management System" to protect investors' rights, standardize external guarantee behavior, and prevent guarantee risks [1][2] - External guarantees are defined as guarantees provided by the company for others, including guarantees for controlling subsidiaries, and must be managed uniformly [1] - Any external guarantee requires approval from the board of directors or shareholders' meeting, and company directors and senior management must carefully control guarantee debt risks [1][2] Group 2 - The highest decision-making body for external guarantees is the shareholders' meeting, while the board of directors exercises decision-making authority according to the company's articles of association [2] - Specific guarantees, such as those exceeding a certain percentage or for high debt ratio entities, require board review and submission to the shareholders' meeting [2] - The financial department is responsible for handling external guarantees, conducting credit investigations, and managing guarantee contracts and documentation [2]

Core Points - The company has established an external guarantee system to regulate external guarantee behavior and control associated risks, aiming to protect investors' rights [1][2] - All directors and senior management are required to carefully manage and strictly control the debt risks arising from external guarantees [1] - External guarantees refer to the company providing guarantees for debts incurred by third parties, including subsidiaries, through various forms such as guarantees, mortgages, and pledges [1] Summary by Sections External Guarantee Principles - The external guarantee system outlines basic principles that must comply with laws, regulations, and the company's articles of association, including requiring counter-guarantees and careful assessment of the counterparty's ability [1] - No individual or unit is allowed to force the company to provide guarantees for others, and all external guarantees must be managed centrally [1] Approval Procedures - The company can provide guarantees for entities with independent legal status and strong debt repayment capabilities, requiring counter-guarantees for all but subsidiaries [1] - A thorough investigation of the credit status of the guaranteed party is mandatory to ensure the authenticity of the information and prevent fraud [1] - Different approval authorities are required for various situations, such as when the total amount of external guarantees exceeds 50% of the latest audited net assets, which must be approved by the shareholders' meeting [1] Contractual and Risk Management - Written guarantee contracts must be established, reviewed by the financial officer and legal department, and must clearly define all terms [2] - The finance department is responsible for safeguarding guarantee contracts and monitoring subsequent matters, ensuring that obligations are fulfilled upon debt maturity [2] - Any significant changes in the guaranteed party's situation require the company to take appropriate measures, and any violations by directors or related personnel resulting in losses must be legally accountable [2]

Core Points - The company has established a decision-making system for external guarantees to protect its and investors' legal rights, regulate guarantee behavior, and ensure asset safety [1] - The system applies to the company and its wholly-owned and controlling subsidiaries, emphasizing unified management of external guarantees [3][4] - The company must conduct risk assessments for guarantee business to ensure compliance with national laws and internal policies [2][5] Group 1 - External guarantees include guarantees, asset pledges, and other forms provided by the company using its own assets or credit [1] - The company must strictly control risks associated with external guarantees, including legal violations, improper approvals, and inadequate monitoring [2][4] - The company cannot provide guarantees for controlling shareholders or entities with less than 50% ownership [3][8] Group 2 - The company must evaluate the creditworthiness of the applicant for guarantees, considering factors such as asset quality and repayment ability [5][6] - Guarantees exceeding 10% of the company's latest audited net assets or 30% of total assets require approval from the shareholders' meeting [5][9] - The company must charge a risk compensation fee of 0.5%-1.5% of the guaranteed amount as a risk control measure [10][11] Group 3 - The company must disclose all external guarantee matters to registered accountants and in designated information disclosure media [11][12] - The company is responsible for daily management of guarantees, including tracking the economic performance of guaranteed entities [11][12] - Any violations of the guarantee management system will lead to accountability for responsible personnel, including potential economic penalties [13][14]