Overview of Guarantee Situation - Zhejiang Yongqiang Group Co., Ltd. has approved a financial assistance plan for its subsidiaries, allowing them to apply for financing from banks with a maximum guarantee amount of RMB 21 million and RMB 15 million for different banks [2][3]. Progress of Guarantees - The company has signed a maximum guarantee contract with China Construction Bank for its wholly-owned subsidiary Yongqiang (Hong Kong) Co., Ltd., providing a guarantee of up to RMB 21 million [3]. - A similar contract has been signed with Industrial Bank, providing a guarantee of up to RMB 15 million for the same subsidiary [3]. Basic Information of the Guaranteed Entity - Yongqiang (Hong Kong) Co., Ltd. was established on October 4, 2007, with a registered capital of HKD 39.05 million, primarily engaged in the sales of household and leisure products [4]. Main Content of Guarantee Agreements - The guarantee agreements specify that the company will provide joint liability guarantees for all debts under the main contracts, including principal, interest, penalties, and other related costs [5][6][7]. Cumulative External Guarantee Amount - As of the announcement date, the total approved guarantee amount is USD 16.5 million and RMB 40 million, with an actual guarantee balance of USD 3.9 million, accounting for 6.78% of the company's latest audited net assets [7].