Core Viewpoint - The company has decided to cancel previous financing guarantees for its subsidiary, Shandong Huasu, to optimize its financing structure and manage external guarantee limits effectively [9][12][40]. Group 1: Cancellation of Guarantees - The company approved the cancellation of a guarantee for Shandong Huasu's financing application to Qishang Bank, which was originally set at a limit of 10 million RMB for a one-year term [2][10]. - The company also approved the cancellation of a guarantee for Shandong Huasu's financing application to Hengfeng Bank, also set at a limit of 10 million RMB for a one-year term [3][11]. - The total amount of guarantees canceled amounts to 20 million RMB, which had not been implemented [12]. Group 2: Financing Lease Business - The company approved Shandong Huasu to engage in a sale-leaseback financing lease with Guoyao Ronghui, with a financing limit of up to 30 million RMB for a term not exceeding two years [4][15]. - The purpose of this financing is to supplement working capital and optimize the company's financing structure [22][34]. - The company and its subsidiaries will provide joint liability guarantees for this financing lease [16][25]. Group 3: External Guarantee Overview - After the cancellation of the guarantees, the total amount of external guarantees by the company and its subsidiaries is 931 million RMB, accounting for 58.61% of the latest audited net assets [12][36]. - The total balance of external guarantees is 471.87 million RMB, representing 29.71% of the latest audited net assets [12][36]. - The company has not experienced any overdue guarantees or legal disputes related to guarantees as of the announcement date [13][36].