Core Viewpoint - The company plans to provide financial assistance of up to RMB 60 million to its controlling subsidiary, Yangzhou Sainuo Gaode Electronic Technology Co., Ltd., to support its operational funding needs during a period of rapid business development [1][2][3] Financial Assistance Overview - The financial assistance will be in the form of loans with a maximum amount of RMB 60 million, with a term of 12 months from the board's approval date, and an annual interest rate of 3.2% [2][3] - The loans can be rolled over within the financial assistance period and can be repaid early without penalty [2][3] Company and Subsidiary Information - Yangzhou Sainuo Gaode was established on January 9, 2020, with a registered capital of RMB 128.14 million, and is a wholly-owned subsidiary of Sainuo Gaode, in which the company holds a 49.90% stake [3][4] - The subsidiary specializes in electronic product development, manufacturing, and processing, including metal etching technology [4] Financial Performance Indicators - As of December 31, 2024, Yangzhou Sainuo Gaode reported total assets of approximately RMB 156 million, total liabilities of about RMB 77 million, and a net asset value of around RMB 79 million [5] - The company recorded a revenue of approximately RMB 60.56 million for 2024, with a net loss of about RMB 15.67 million [5] Risk Management and Oversight - The company will closely monitor Yangzhou Sainuo Gaode's operational and financial status to ensure effective risk management and safeguard the funds provided [6][8] - The financial assistance is deemed not to harm the interests of the company or its shareholders, particularly minority shareholders [3][8] Board Approval and Governance - The financial assistance proposal was approved in the 20th meeting of the second board and the 17th meeting of the second supervisory board [2][9] - The board believes that Yangzhou Sainuo Gaode has the capability to fulfill its obligations and that the financial assistance will alleviate its funding pressure [8]