Core Viewpoint - The company has signed a maximum guarantee contract with Industrial Bank Co., Ltd. Zhengzhou Branch to provide guarantees for its wholly-owned subsidiary Henan Xinhua Material Group Co., Ltd. and its subsidiaries, ensuring necessary financing for their daily operations [1][8]. Summary by Sections Guarantee Execution Overview - On April 23, 2024, the company's board approved a bank comprehensive credit guarantee for Shenzhen Toli Trading Co., Ltd. totaling no more than 65 million RMB [1]. - On April 17, 2025, the board approved a bank comprehensive credit guarantee for Henan Xinhua Material Group and its wholly-owned subsidiaries, totaling no more than 400 million RMB [2]. Main Content of Guarantee Contracts - For Henan Xinhua Material Group: - Guarantor: Zhongyuan Dadi Media Co., Ltd. - Creditor: Industrial Bank Co., Ltd. Zhengzhou Branch - Guarantee Amount: 140 million RMB [4]. - For Henan Guoguang: - Guarantor: Zhongyuan Dadi Media Co., Ltd. - Creditor: Industrial Bank Co., Ltd. Zhengzhou Branch - Guarantee Amount: 150 million RMB [6]. - For Henan Toli: - Guarantor: Zhongyuan Dadi Media Co., Ltd. - Creditor: Industrial Bank Co., Ltd. Zhengzhou Branch - Guarantee Amount: 30 million RMB [6]. - For Shenzhen Toli: - Guarantor: Zhongyuan Dadi Media Co., Ltd. - Creditor: Industrial Bank Co., Ltd. Zhengzhou Branch - Guarantee Amount: 65 million RMB [7]. Guarantee Scope and Validity - The guarantees cover all debts arising from loans, financing, and other financial services, including principal, interest, penalties, and related costs [3][6]. - The validity period for the guarantees is from September 17, 2025, to September 16, 2027 [5][7]. Cumulative Guarantee Amount - As of the announcement date, the total guarantees provided by the company for its subsidiaries amount to 385 million RMB, representing 3.35% of the company's latest audited net assets [8].

Group 1 - The company has approved a total bank credit guarantee limit of up to 1.5 billion yuan for its subsidiaries, effective from the date of the shareholders' meeting until the next shareholders' meeting in 2025 [1][5] - As of July 14, 2025, the company has provided guarantees totaling 500 million yuan within the approved limit, including 100 million yuan for a subsidiary and 20 million yuan for another subsidiary [2][5] - The company has not experienced any overdue guarantees or legal issues related to its guarantees, indicating a controlled risk environment [5] Group 2 - The guaranteed subsidiary, Tonglian Digital Technology Co., Ltd., is a wholly-owned subsidiary of the company, established on September 17, 2021, with a registered capital of 80 million yuan [3][4] - As of March 31, 2025, Tonglian Technology reported total assets of 1.293 billion yuan and total liabilities of 875.85 million yuan, resulting in net assets of 417.32 million yuan [4] - The company aims to ensure the normal operation of its subsidiaries through these guarantees, aligning with its overall interests [5]

Group 1 - The company, Anhui Wantong Technology Co., Ltd., has approved a guarantee for its subsidiary, Anhui Hango Information Technology Co., Ltd., to apply for a bank comprehensive credit line of 7.55 million yuan from Huaxia Bank [2][3] - The company will provide a guarantee of 2.55 million yuan, which is 51% of the total guarantee amount, and will assume joint liability for repayment upon maturity [2][3] - The guarantee agreement has been signed with Huaxia Bank, covering a total credit of 7.55 million yuan, with the company guaranteeing 1.3 million yuan [3][5] Group 2 - The company has a total guarantee amount of 128.15 million yuan, which accounts for 7.47% of its latest audited net assets [8][25] - The total balance of guarantees provided by the company and its subsidiaries is 114.9 million yuan, representing 6.69% of the latest audited net assets [8][25] - The company has no overdue guarantees or guarantees involving litigation as of the announcement date [8][25] Group 3 - The company plans to apply for a comprehensive credit line of 30 million yuan from Citic Bank and 10 million yuan from Dongguan Bank for its subsidiary, with the company providing guarantees for 25.5 million yuan and 5.1 million yuan respectively [16][17][23] - The guarantees are intended to support the operational needs of the subsidiary, which has a stable business and good asset and credit status [24]

Overview - Anhui Wantong Technology Co., Ltd. plans to provide guarantees for its subsidiary, Anhui Hanko Information Technology Co., Ltd., to apply for a bank comprehensive credit line of 7.55 million yuan [1][4] Group 1: Guarantee Details - The comprehensive credit line consists of 2.55 million yuan in credit and 5 million yuan in guarantee credit, with a term of one year [1][4] - The company will guarantee 2.55 million yuan (51% of the guarantee credit) and assume joint liability for repayment upon maturity [1][4] - Anhui Provincial Transportation Materials Co., Ltd. will guarantee 2.45 million yuan (49% of the guarantee credit) and also assume joint liability for repayment [1][4] Group 2: Subsidiary Information - Anhui Hanko Information was established on January 26, 2006, with a registered capital of 50.5 million yuan [2] - The company operates in various sectors including electromechanical systems, computer network engineering, and project investment [2] Group 3: Financial Health and Board Opinion - The board believes that Hanko Information has a stable operation and good asset and credit status, indicating normal repayment capability [4] - The guarantee is deemed fair and proportional among shareholders, with the funding aimed at supporting Hanko Information's operational liquidity [4] Group 4: Current Guarantee Status - As of now, the company and its subsidiaries have not provided guarantees to external entities outside the consolidated financial statements, nor are there overdue guarantees or litigation-related guarantees [4] - Including this guarantee, the total guarantee amount is 105.2 million yuan, accounting for 6.13% of the latest audited net assets [4]

Group 1 - The Ministry of Finance of the People's Republic of China issued the "Notice on Printing and Distributing the Interpretation of Enterprise Accounting Standards No. 18," which clarifies the subsequent measurement of investment properties held under the floating fee method and the accounting treatment of quality guarantees that do not constitute a single performance obligation [1] - The company will implement the new accounting policy starting from January 1, 2024, allowing for early adoption from the date of issuance [1][3] - The change in accounting policy is deemed reasonable and will reflect the company's financial status and operating results more objectively and fairly, without significant impact on financial condition, operating results, or cash flow [4][6][7] Group 2 - The company plans to provide a total bank credit guarantee of up to 1.5 billion yuan for its subsidiaries to support their development and alleviate liquidity pressure [10] - The board approved the guarantee proposal with a vote of 9 in favor, and the guarantee will be effective from the date of approval at the annual general meeting until the next annual general meeting [10][11] - The company has not experienced overdue guarantees or litigation related to guarantees, and the total amount of guarantees will not exceed 15.82% of the company's audited net assets for the fiscal year 2024 [15] Group 3 - The company intends to continue its financial services agreement with China Construction Finance Co., which will provide deposit, credit, settlement, and other financial services [16] - The maximum daily deposit balance with China Construction Finance Co. will not exceed 6 billion yuan, and the comprehensive credit limit will be 15 billion yuan [16][24] - The agreement is based on market principles and aims to support the company's operational needs while ensuring compliance with relevant regulations [35][40]