Summary of Key Points Core Viewpoint - The company has announced the adjustment of guarantee limits and the provision of guarantees for its subsidiaries, indicating a strategic move to support their financing needs while maintaining control over associated risks [1][29]. Group 1: Guarantee Overview - The company has signed guarantee contracts with China Minsheng Bank for its subsidiaries, including a maximum guarantee of RMB 39.5 million for Ningbo Jinfa New Materials Co., Ltd. and RMB 7 million for Guangdong Jinfa Technology Co., Ltd. [2][19] - The total new guarantee amount provided by the company is RMB 39.05 million, with existing guarantees totaling RMB 6.081 billion [3][4]. Group 2: Financial Details - As of June 10, 2025, the company's total external guarantees amount to RMB 232.2 billion, which exceeds 129.27% of the audited net assets for 2024 [29]. - The company has adjusted the guarantee limit for its subsidiary Liaoning Jinfa Technology Co., Ltd. from RMB 9.5 billion to RMB 9.48 billion, while providing a new guarantee of RMB 2 million to Guangdong Hengqin Jinfa Supply Chain Management Co., Ltd. [4][5]. Group 3: Subsidiary Information - Ningbo Jinfa New Materials Co., Ltd. is a wholly-owned subsidiary with a registered capital of RMB 3.43 billion, focusing on the production of polypropylene synthetic resin and related products [6][7]. - Guangdong Jinfa Technology Co., Ltd. is also a wholly-owned subsidiary with a registered capital of RMB 355.06 million, specializing in modified plastics and protective equipment [8][9]. - Guangdong Hengqin Jinfa Supply Chain Management Co., Ltd. is a controlled subsidiary with a registered capital of RMB 50 million, engaged in supply chain management services [10]. Group 4: Risk Management and Approval - The guarantees provided are within the limits approved by the company's shareholders, and no additional board or shareholder meetings are required for this adjustment [5][28]. - The company maintains effective management and oversight of its subsidiaries, ensuring that the risks associated with these guarantees are manageable [27][28].