Core Points - The company has provided a total of 905.36 million yuan in joint liability guarantees for its subsidiaries to secure bank financing from August 29 to September 28, 2025 [1][2] - The board of directors approved a guarantee limit of up to 60.144 billion yuan for the year 2025, which is within the expected annual guarantee limit [4][5] - The total amount of guarantees provided to subsidiaries as of the announcement date is 41.76036 billion yuan, accounting for 182.35% of the company's most recent audited net assets [8] Group 1: Guarantee Overview - The guarantees are primarily for the maximum guarantee amounts provided to subsidiaries, with actual amounts depending on the financing needs of the subsidiaries [2] - The company has not provided guarantees to external third parties and has no overdue guarantees as of the announcement date [8] Group 2: Decision-Making Process - The company held a board meeting on November 28, 2024, and a shareholder meeting on December 19, 2024, to approve the guarantee proposals for 2025 [4] Group 3: Necessity and Reasonableness of Guarantees - The guarantees are deemed necessary to support the operational needs of the company and its subsidiaries, aligning with the overall business strategy [7] - The board believes that the guarantees do not harm the interests of shareholders, particularly minority shareholders, and comply with legal and regulatory requirements [8]

Core Viewpoint - 恒昌集团国际 reported a revenue decrease of 11.1% to approximately HKD 143 million for the fiscal year ending June 30, 2025, indicating ongoing challenges in the market [1] Financial Performance - The company recorded a loss attributable to shareholders of approximately HKD 21.8 million, with a loss per share of HKD 0.155, compared to a loss of approximately HKD 47.3 million and a loss per share of HKD 0.528 for the fiscal year ending June 30, 2024 [1] Market Outlook - Despite facing various uncertainties and challenges, the company remains confident in the potential of the Chinese market due to its large scale [1] - The company plans to continue focusing on solar energy and distribution systems while seeking new development opportunities [1] Strategic Focus - The company aims to pursue projects that offer stable returns and high growth potential, including but not limited to its existing business, to enhance shareholder value [1]