Group 1 - The company Qingdao Kingking Applied Chemistry Co., Ltd. has approved a proposal for its wholly-owned subsidiary to provide a guarantee for the parent company's application for a comprehensive credit line of up to 300 million yuan from China Construction Bank [1][2] - The guarantee will involve joint liability guarantees from the subsidiaries Qingdao Kingking Industry Chain Management Co., Ltd., Qingdao Kingking International Trade Co., Ltd., Guangzhou Hanya Biotechnology Co., Ltd., and Zhongzhuang Youxuan Commercial Retail Co., Ltd., along with equity pledges [1][2] - The guarantee period will not exceed three years from the signing of the guarantee agreement, and the proposal will be submitted for shareholder approval after board approval [1][5] Group 2 - As of December 31, 2024, the company reported total assets of 3.121 billion yuan, liabilities of 1.629 billion yuan, and a debt-to-asset ratio of 52.19% [4] - The net assets stood at 1.470 billion yuan, with an operating income of 1.793 billion yuan and a net profit attributable to shareholders of 35 million yuan for the year 2024 [4][5] - The total amount of guarantees provided by the company is 66 million yuan, which accounts for 4.49% of the audited net assets for 2024, while the new guarantee of 300 million yuan represents 9.61% of the total assets [5]

Company Overview - Hunan Blackcurrant Biotechnology Co., Ltd. has recently been established with a registered capital of 8 million RMB [1] - The legal representative of the company is Mo Yuejun [1] Business Scope - The company is involved in the production of food detergents, cosmetics, and disinfectants (excluding hazardous chemicals) [1] - It also engages in the sale of food detergents, wholesale of cosmetics, and sales of disinfectants (excluding hazardous chemicals) [1] - Additional activities include manufacturing and selling daily chemical products, plastic products, sanitary products, and disposable medical supplies [1] - The company is permitted to conduct internet sales (excluding goods that require permits) and general merchandise sales [1] - It offers various technical services, including development, consulting, and technology transfer [1] - The company is involved in domestic trade agency activities, provided they do not require approval [1]

Overview of Credit and Guarantee Situation - Hunan Lichen Industrial Co., Ltd. approved a credit limit of up to RMB 990 million for the company and its wholly-owned subsidiaries to meet operational funding needs [1] - The company will provide guarantees for its subsidiaries, totaling a maximum of RMB 730 million, covering various financing activities [1] Guarantee Progress - The company signed a guarantee contract with Changsha Bank for RMB 60 million for its subsidiary Lichen Aowei [2] - As of August 13, 2025, the total guarantee amount and usage for the subsidiaries are within the approved limits from the 2024 annual shareholders' meeting [2] Basic Information of the Guaranteed Party - Lichen Aowei has a registered capital of RMB 10 million and is involved in the production of hazardous chemicals [3] - The company holds 100% equity in Lichen Aowei, which has a good credit status and is not listed as a dishonest executor [4][3] Main Content of the Guarantee Contract - The guarantee contract with Changsha Bank specifies a maximum liability of RMB 60 million, effective from August 6, 2025, to August 6, 2027 [5][7] - The total external guarantee balance is RMB 15.23412 million, representing 6.91% of the company's latest audited net assets, with no overdue guarantees or litigation issues reported [5]

Overview - Hunan Lichen Industrial Co., Ltd. has approved a comprehensive credit limit of up to RMB 990 million for itself and its wholly-owned subsidiaries to meet operational funding needs [1] - The company has also provided guarantees totaling up to RMB 730 million for its subsidiaries to secure bank financing [1] Credit and Guarantee Details - The company signed a maximum guarantee contract with Changsha Bank for RMB 60 million for its subsidiary Lichen Aowei [2] - As of August 13, 2025, the total guarantee amount provided by the company to its subsidiaries is RMB 15,234.12 million, which accounts for 6.91% of the company's latest audited net assets [4] Subsidiary Information - Lichen Aowei was established on February 13, 2001, with a registered capital of RMB 10 million and operates in the production of hazardous chemicals and daily chemical products [3][4] - The company holds 100% equity in Lichen Aowei, which has a good credit status and is not listed as a dishonest executor [4] Contractual Details - The guarantee contract with Changsha Bank specifies a maximum debt amount of RMB 60 million, with a guarantee period from August 6, 2025, to August 6, 2027 [4]

General Provisions - The company is established as a joint-stock limited company in accordance with the Company Law and other relevant regulations [3] - The registered capital of the company is RMB 112,770,840 [3] - The company is permanently established and will continue to exist [3] Legal Representative - The legal representative of the company is the general manager, who is responsible for executing company affairs [3][4] - The company will determine a new legal representative within 30 days of the resignation of the current one [2] Share Issuance and Capital Structure - The company issued 20.2 million shares to the public on June 22, 2022, and is listed on the Shenzhen Stock Exchange [3] - The company has a total of 112,770,840 shares, all of which are ordinary shares [6] - The shares are issued based on the principles of openness, fairness, and justice, with equal rights for each share of the same category [5] Business Objectives and Scope - The company's business objectives include utilizing the advantages of a joint-stock system to enhance competitiveness and create substantial returns for shareholders [7] - The business scope includes manufacturing and sales of daily chemical products, food additives, and non-residential real estate leasing, among others [7] Shareholder Rights and Responsibilities - Shareholders have the right to request the board of directors to execute decisions within 30 days [12] - Shareholders can sue the company or its directors for violations of rights and obligations as stipulated in the articles of association [4][12] - Shareholders are obligated to comply with laws and regulations and cannot withdraw their capital except as legally permitted [22] Share Transfer and Trading - Shares must be transferred in accordance with the law, and the company does not accept its own shares as collateral [14] - Directors and senior management must declare their shareholdings and are restricted in transferring shares during their tenure [11] Shareholder Meetings - The company holds annual shareholder meetings within six months after the end of the previous fiscal year [33] - Shareholders holding more than 10% of shares can request a temporary shareholder meeting [56] - The company must provide adequate notice of meetings, including time, place, and agenda [38] Decision-Making and Voting - Ordinary resolutions require a simple majority, while special resolutions require at least two-thirds approval from attending shareholders [48] - The company must ensure that voting rights are exercised fairly, especially for minority shareholders [49] Financial Management and Auditing - The company must maintain transparency in financial dealings and provide necessary conditions for the activities of the Communist Party organization within the company [4] - The board of directors is responsible for ensuring compliance with legal and regulatory requirements in financial reporting [18]

Core Viewpoint - The company has proposed a profit distribution plan for the year 2024, which includes a cash dividend of RMB 5.10 per 10 shares, amounting to a total cash dividend of RMB 66,390,912.60, subject to approval at the upcoming shareholders' meeting [2][3][4]. Group 1: Profit Distribution Plan - The profit distribution plan is based on the 2024 fiscal year, with a net profit attributable to shareholders of RMB 109,117,424.41, after accounting for statutory surplus reserves and previous distributions [5]. - The total distributable profit for shareholders is determined to be RMB 110,592,543.29, based on the lower of the consolidated and parent company financial statements [5][6]. - The company plans to distribute cash dividends without issuing new shares or using reserves for capital increase, adhering to the guidelines from the China Securities Regulatory Commission [6][10]. Group 2: Approval Process - The profit distribution proposal was approved by the company's board and supervisory committee and will be submitted for approval at the 2024 annual shareholders' meeting [4][11]. - The proposal is compliant with relevant laws and regulations, ensuring it does not harm the interests of shareholders, particularly minority shareholders [11][12]. Group 3: Cash Dividend Justification - The cash dividend plan is justified by the company's operating performance and cash flow, aligning with its established profit distribution policy [10][13]. - The cumulative cash dividends over the last three years exceed 30% of the average annual net profit, indicating a stable return to shareholders [9].

Group 1 - The company Qingdao Kingking Chemical Co., Ltd. is applying for a comprehensive credit limit of up to 300 million yuan from Huaxia Bank, with a net credit amount of 100 million yuan [1][2] - The guarantee will be provided by the company's wholly-owned subsidiaries, including Qingdao Kingking Industrial Chain Management Co., Ltd. and Zhongzhuang Youxuan Commercial Retail Co., Ltd., along with property mortgages [1][2] - The guarantee period is set for one year from the signing of the guarantee agreement, and the internal decision-making process has been completed without the need for shareholder meeting approval [1][2] Group 2 - As of December 31, 2023, the company reported total assets of 3.155 billion yuan and total liabilities of 1.694 billion yuan, resulting in an asset-liability ratio of approximately 53.6% [3] - By September 30, 2024, total assets increased to 3.472 billion yuan with total liabilities of 1.945 billion yuan, showing a net profit of 65 million yuan [3] - The cumulative guarantee amount available to the company is 350 million yuan, with an actual guarantee total of 196 million yuan, which is 13.68% of the audited net assets for 2023 [4]