Group 1 - The company has provided a guarantee of RMB 20 million for its wholly-owned subsidiary, Qijing Industry (Thailand) Co., Ltd, to secure a credit facility from China Merchants Bank Ningbo Branch [1][2] - The guarantee is part of a credit agreement that allows Qijing Industry to access a total credit limit of RMB 100 million, which was approved in previous board meetings [2][6] - The total amount of guarantees provided by the company, including this new guarantee, is RMB 20 million, which represents 1.73% of the company's latest audited net assets, with no overdue guarantees reported [6] Group 2 - Qijing Industry (Thailand) Co., Ltd was established on December 23, 2020, and is a wholly-owned subsidiary of the company, holding 98% of its shares [3][4] - The subsidiary's registered capital is 630 million Thai Baht, and its business scope includes manufacturing and processing automotive engine and transmission components, among other activities [3][4] - As of the first quarter of 2025, Qijing Industry reported total assets of RMB 172.93 million and a net loss of RMB 2.14 million, compared to a net profit of RMB 1.84 million for the entire year of 2024 [3][4]