Core Points - The company establishes a comprehensive external guarantee system to strengthen internal control, standardize guarantee behavior, reduce operational risks, and protect the rights and interests of the company, shareholders, and other stakeholders [1][2][3] Group 1: General Principles - The external guarantee refers to the company providing guarantees, mortgages, or pledges on behalf of others, including but not limited to loan guarantees, bank letters of credit, and commercial acceptance bills [1] - The company and its subsidiaries must manage external guarantees uniformly, requiring approval from the board of directors or shareholders' meeting before providing any guarantees [1][2] Group 2: Guarantee Conditions and Procedures - The company must adhere to principles of equality, voluntariness, fairness, integrity, mutual benefit, and safety when implementing guarantees, and must refuse any coercive guarantee requests [2] - Before deciding on a guarantee, the company must assess the credit status of the guaranteed party and analyze the benefits and risks associated with the guarantee [2][3] Group 3: Approval Process - Guarantees exceeding 10% of the company's latest audited net assets or total guarantees exceeding 50% of the latest audited net assets require approval from the shareholders' meeting [6][7] - The board of directors must conduct thorough investigations into the credit and operational status of the guaranteed party before approving any guarantees [5][6] Group 4: Contractual Obligations - A written guarantee contract must be established after approval, detailing the creditor, debtor, type and amount of the main debt, and the obligations of all parties involved [8][9] - The finance department is responsible for monitoring the guarantee contracts and ensuring compliance with internal management regulations [10][11] Group 5: Risk Management - The company must monitor the operational and financial changes of the guaranteed party and take proactive measures to mitigate risks [22][23] - In case of any signs of default from the guaranteed party, the finance department must analyze the situation and report to the board of directors for necessary actions [27][28] Group 6: Information Disclosure - The company must disclose approved external guarantees on the Shenzhen Stock Exchange and other media, including total guarantee amounts and their proportions relative to the latest audited net assets [34][35] - Any significant changes in the status of the guaranteed party, such as bankruptcy or failure to meet repayment obligations, must be reported promptly [38][39]