Core Viewpoint - The company has announced a new guarantee of 20 million RMB for its subsidiary, Jiangxi Baida New Energy Co., Ltd, which is within the approved limit for guarantees and aims to enhance the subsidiary's financing efficiency [2][4][8]. Summary by Sections Guarantee Overview - On May 8, 2025, the company applied for a commercial acceptance bill guarantee for Jiangxi Baida, totaling 20 million RMB, with a guarantee date of May 8, 2025, and a maturity date of November 8, 2025 [4]. - The company has approved a total guarantee limit of 1.43 billion RMB for its subsidiaries during the 2025 fiscal year [4]. Basic Information of the Guaranteed Entity - Jiangxi Baida was established on September 3, 2018, with a registered capital of 305.9 million RMB and is 85% owned by the company [5][6]. - The company operates in the photovoltaic equipment manufacturing sector and has not yet commenced production on its solar cell project [6]. Main Content of the Guarantee - The guarantee provided is a joint liability guarantee for the electronic commercial acceptance bill, aimed at increasing the bill's creditworthiness and liquidity [7]. - The guarantee is considered necessary to meet the operational needs of the subsidiary and is expected to enhance its independent operational capabilities [7]. Board of Directors' Opinion - The guarantee is intended to accelerate cash flow and reduce financing costs, aligning with the company's operational and developmental needs [8]. - The total amount of external guarantees stands at 514.23 million RMB, which is 40.08% of the company's latest audited net assets, with no overdue guarantees reported [8].

Core Viewpoint - The company is involved in a lawsuit where it has been ruled as the defendant, and the impact on its profits remains uncertain due to the ongoing legal proceedings [2][10]. Group 1: Lawsuit Details - The lawsuit is currently in the first-instance judgment stage, with the company being the defendant [2]. - The company received a civil judgment from the Linyi Intermediate People's Court regarding the case [3]. - The case involves a total debt of over 360 million yuan owed by three third parties to the original plaintiff, Huishang Bank [4]. Group 2: Judgment Outcome - The court ruled that the original plaintiff has the right to claim 30 million yuan from the company based on the failure of the third parties to repay their debts [9]. - The court did not support the plaintiff's other claims due to the expiration of the statute of limitations for those claims [9][10]. - The company is required to pay the specified amount within ten days of the judgment [10]. Group 3: Financial Implications - The potential impact of the lawsuit on the company's current and future profits is still uncertain, and the company will monitor the situation closely [10]. - The company has confirmed that there are no other undisclosed litigation or arbitration matters as of the announcement date [10]. Group 4: Disclosure and Communication - The company has designated specific media outlets for information disclosure, ensuring that all information is published in accordance with regulatory requirements [11]. - The company emphasizes the importance of rational investment and awareness of risks for investors [11].