Summary of Key Points Core Viewpoint - The company, Visionox Technology Co., Ltd., has provided guarantees for its subsidiaries, which has resulted in a significant increase in its total external guarantees exceeding its audited net assets. Group 1: Guarantee Overview - The company approved a total guarantee amount not exceeding RMB 22.62 billion for its subsidiaries during the 2025 fiscal year [3][21] - The guarantee period is effective for 12 months from the date of approval by the 2024 annual general meeting [3][21] Group 2: Guarantee Progress - On November 11, 2025, the company signed a maximum guarantee contract with Shanghai Bank for a maximum debt of RMB 300 million for its subsidiary, Kunshan Guoxian Optoelectronics Co., Ltd. [4][23] - Prior to this guarantee, the total guarantee balance for Guoxian Optoelectronics was RMB 3.186 billion, which increased to RMB 3.586 billion after this guarantee [4][23] Group 3: Basic Information of the Guaranteed Entity - Kunshan Guoxian Optoelectronics Co., Ltd. was established on November 19, 2012, with a registered capital of RMB 670.715 million [5][24] - The company specializes in the research, production, and sales of new flat panel display products and equipment [6][24] Group 4: Main Content of the Guarantee Contract - The guarantee covers various financial activities including loans, trade financing, and other credit services, with a maximum principal amount of RMB 100 million [26][30] - The guarantee period extends for three years after the debt repayment period [33][34] Group 5: Board of Directors' Opinion - The board believes that the risks associated with the guarantees are under effective control and do not harm the interests of shareholders, especially minority shareholders [15][35] - The guarantees are seen as beneficial for expanding financing channels for subsidiaries and ensuring stable development [16][36] Group 6: Cumulative External Guarantees - After the latest guarantee, the total external guarantees of the company and its subsidiaries amount to RMB 181.014536 billion, which is 326.19% of the company's audited net assets for 2024 [16][37] - There are no overdue guarantees or guarantees involved in litigation [16][37]