Core Viewpoint - The company has adjusted its financing guarantee budget for 2025, reducing the amount it guarantees for subsidiaries while increasing the amount subsidiaries guarantee for the company itself [2][3][4]. Group 1: Guarantee Adjustment Details - The total amount of guarantees for subsidiaries remains unchanged at 1.287 billion yuan, with the company's guarantee amount reduced from 505 million yuan to 445 million yuan, a decrease of 60 million yuan [2][3]. - The amount guaranteed by subsidiaries for the company has been adjusted from 0 yuan to 6 million yuan, an increase of 6 million yuan [2][3]. - The adjustment requires approval from the company's shareholders' meeting [2][4]. Group 2: Internal Decision-Making Process - The adjustment was approved during the company's board and supervisory meetings held on October 23, 2025 [4]. - The decision aligns with the company's operational needs and supports the healthy development of its subsidiaries [8]. Group 3: Financial Stability and Risk Management - The company has not provided any external guarantees, and the total guarantees to subsidiaries amount to 186.14 million yuan, representing 12.96% of the company's latest audited net assets [9]. - The company maintains that the subsidiaries are financially stable and capable of repaying their debts, indicating that the guarantee risks are manageable [7][8].