Summary of Key Points Core Viewpoint - The company, Shanxi Meijin Energy Co., Ltd., has provided an irrevocable joint liability guarantee for its subsidiary, Guizhou Meijin Huayu New Energy Co., Ltd., to secure a financing lease of 24 million yuan from China Foreign Trade Financial Leasing Co., Ltd. for operational needs [3][6]. Group 1: Guarantee Overview - The guarantee covers the entire debt under the main contract for a financing lease of 24 million yuan with a term of 4 years [3]. - The company has approved a total guarantee limit of up to 4.6 billion yuan for its subsidiaries to secure loans or other financing activities [3][4]. Group 2: Financial Status of Guizhou Huayu - As of December 31, 2024, Guizhou Huayu reported total assets of 822.48 million yuan, total liabilities, and a net asset value of 231.86 million yuan [6]. - For the first quarter of 2025, the company reported total assets of 951.04 million yuan, total liabilities of 707.10 million yuan, and a net asset value of 243.94 million yuan [6]. Group 3: Board's Opinion - The board believes that the guarantee is essential for the subsidiary's operational needs and aligns with the overall interests of the listed company [6][7]. - The company maintains effective control over the subsidiary in terms of management, finance, and investment, ensuring that risks are manageable [6]. Group 4: Guarantee Usage and Status - After the current guarantee, the remaining guarantee limit for the company and its subsidiaries is 372.79 million yuan [7]. - The total outstanding guarantees for subsidiaries and associated companies amount to 780.87 million yuan, which is 0.17% of the company's latest audited net assets [7].