Summary of Key Points Core Viewpoint - The company, Jilin Yalian Development Technology Co., Ltd., has approved a guarantee of up to 10 million yuan for its subsidiary, Nanjing Lingyun Technology Development Co., Ltd., to support its operational needs and credit applications [1][2]. Guarantee Overview - The guarantee was approved during the board meetings held on April 27 and May 30, 2025, and aims to facilitate the subsidiary's credit and daily operations [1]. - The total guarantee amount for the subsidiary is capped at 10 million yuan [1]. Subsidiary Information - Nanjing Lingyun is involved in various sectors including transportation, environmental engineering design, software development, and sales of electronic and mechanical products [2]. Financial Data of Nanjing Lingyun - As of 2024, Nanjing Lingyun reported total assets of 32,517.32 million yuan and total liabilities of 23,285.62 million yuan, with a net asset value of 9,231.70 million yuan [3]. - The company achieved an operating income of 20,852.16 million yuan in 2024 [3]. Guarantee Agreement Details - The guarantee is a joint liability guarantee provided to Nanjing Lingyun for a credit limit of 1 million yuan from Nanjing Bank [2][4]. - The guarantee period extends for three years from the debt fulfillment date, with provisions for extensions if agreed upon by the bank and the subsidiary [4][5]. Board of Directors' Opinion - The company holds a 71.99% stake in Nanjing Lingyun, and the board believes that the guarantee will not adversely affect the company or its shareholders, as the financial risks are manageable [5]. - The total amount of guarantees provided by the company and its subsidiaries after this transaction will be 55 million yuan, which is 78.52% of the latest audited net assets [5]. Additional Information - There are no overdue guarantees, and the total outstanding guarantees amount to 34.47 million yuan, which is 49.21% of the latest audited net assets [5].

Summary of Key Points Core Viewpoint - Fujian Sanmu Group Co., Ltd. has disclosed significant external guarantees exceeding its audited net assets, raising concerns about potential risks associated with these guarantees [1][4]. Group 1: Overview of Guarantees - The company has provided guarantees for its wholly-owned subsidiaries to secure credit lines from Huaxia Bank, including a guarantee of 55 million yuan for Changsha San Zhao Industrial Development Co., Ltd. with a term of 3 years [1]. - Additional guarantees include 10 million yuan for Fuzhou Jinsen Trading Co., Ltd. and 9.5 million yuan for Fuzhou Changxingmao Trading Co., Ltd., both with a term of 3 years [2]. - The company also guaranteed up to 70 million yuan for Fujian Sanmu Construction Development Co., Ltd. for a term of 1 year [2]. Group 2: Progress of Guarantee Matters - The guarantee conditions have been adjusted to include joint liability from both the company and its subsidiary Wuyishan Sanmu Industrial Co., Ltd. for various credit lines, maintaining a term of 3 years [3]. - The guarantee for Fuzhou Jinsen Trading Co., Ltd. has also been updated to include joint liability from Wuyishan Sanmu Industrial Co., Ltd. [3]. - The guarantee for Fuzhou Construction Development Co., Ltd. now includes collateral from the company's real estate assets, with a term of 3 years [4]. Group 3: Cumulative Guarantee Amounts - As of June 19, 2025, the total external guarantee balance for the company and its subsidiaries is 110 million yuan, with the parent company guaranteeing 3,061.88 million yuan for its wholly-owned subsidiaries [4]. - The ratio of guarantees to net assets stands at 404.66%, with no overdue guarantees reported [4].