Group 1 - Shandong Jun Cheng Metal Technology Co., Ltd. has developed lightweight aluminum alloy wheel hub technology, reducing vehicle weight by 500 kg and fuel consumption by 2 to 5 liters per 100 km [1] - The company has received a credit line of 138 million yuan from Postal Savings Bank to support its smart transformation and new product development [1] - The company's products are now used globally, including in vehicles from brands like Mercedes-Benz, FAW, and BYD [1] Group 2 - Dezhou Xinglong Leather Products Co., Ltd. has innovated a chromium-free tanning technology that exceeds international environmental standards [2] - The company has established a research and development base with Qilu University of Technology, achieving breakthroughs in the resource utilization of tanning waste [2] - The company has received a 25 million yuan "Science and Technology e-loan" for raw material procurement and production line upgrades, with 20 million yuan already utilized [2] Group 3 - Shandong province is promoting technology innovation and financial support for tech enterprises, with a technology loan balance of 2.7 trillion yuan, a year-on-year increase of 21.2% [2]

Group 1 - Shandong Juncheng Metal Technology Co., Ltd. has developed lightweight aluminum alloy wheels that reduce vehicle weight by 500 kg and fuel consumption by 2-5 liters per 100 km [1] - The company has received a credit line of 138 million yuan from Postal Savings Bank to support its smart transformation and new product development [1] - The wheels produced by the company are used in vehicles from major manufacturers such as Mercedes-Benz, FAW, and BYD, indicating strong market demand [1] Group 2 - Dezhou Xinglong Leather Products Co., Ltd. has innovated a chromium-free tanning technology that exceeds international environmental standards [2] - The company has established a partnership with Qilu University of Technology to create a research and development base, achieving breakthroughs in the resource utilization of tanning waste [2] - Postal Savings Bank has approved a 25 million yuan "Science and Technology Innovation Loan" for the company within five working days, facilitating the purchase of raw materials and the intelligent transformation of production lines [2] Group 3 - Shandong province is enhancing financial support for technology-driven enterprises, providing comprehensive financial services to help convert intellectual property into assets [2] - As of the end of March, the balance of technology loans in Shandong reached 2.7 trillion yuan, reflecting a year-on-year growth of 21.2% [2]

Core Viewpoint - The company has approved a guarantee of up to 1.43 billion yuan for its subsidiary, Xuzhou Xingning Leather Co., Ltd., to support its financing needs [1][4]. Summary by Sections Guarantee Overview - The company held its sixth board meeting on April 24, 2025, where it approved a proposal to provide a guarantee for its subsidiary [1]. - The total guarantee amount for the subsidiary is capped at 1.43 billion yuan, with a specific guarantee of 150 million yuan for Xuzhou Xingning Leather Co., Ltd. [1][4]. - The guarantee is valid for 12 months from the date of approval by the shareholders' meeting [1]. Subsidiary Information - Xuzhou Xingning Leather Co., Ltd. is a wholly-owned subsidiary of the company, established on June 28, 2010, with a registered capital of 75 million yuan [2]. - The company specializes in leather processing and manufacturing, including high-end leather products [2]. Financial Status of the Subsidiary - As of the 2024 fiscal year, the subsidiary reported total assets of approximately 159.17 million yuan and total liabilities of about 94.94 million yuan [3]. - The subsidiary's sales revenue for the 2024 fiscal year was approximately 175.71 million yuan, with a net loss of about 2.07 million yuan [3]. Guarantee Agreement Details - The subsidiary has been approved for a comprehensive credit line of 50 million yuan from Nanjing Bank Xuzhou Branch, which can be used for trade financing and working capital loans [4]. - The company will assume joint guarantee responsibility for this credit line [4]. Cumulative Guarantee Situation - The company has a total external guarantee amount of approximately 121.95 million yuan, with 37.645 million yuan specifically for its wholly-owned subsidiaries [4]. - This represents 50.70% of the company's audited net assets for the 2024 fiscal year and 27.17% of the total audited assets [4].