Core Points - The company held its first extraordinary shareholders' meeting of 2025 on August 22, 2025, where it approved the proposal to change its registered capital and revise the Articles of Association [1] - As of June 30, 2025, the total number of shares increased from 1,042,676,146 to 1,459,746,940 due to the implementation of the 2024 annual profit distribution and capital reserve conversion into share capital, as well as the conversion of convertible bonds [1] - The registered capital changed from 1,042,676,146 yuan to 1,459,746,940 yuan [1] - The company will no longer have a supervisory board, and its functions will be transferred to the audit committee under the board of directors [1] Company Information - The company has completed the registration capital change and the filing of the revised Articles of Association, obtaining a new business license from the Wuhan Market Supervision Administration [2] - The new business license includes the following information: - Unified Social Credit Code: 914201001776660197 - Name: Hongfa Technology Co., Ltd. - Type: Other joint-stock company (listed) - Legal Representative: Guo Manjin - Address: No. 21, Jiefang Avenue, Qiaokou District, Wuhan - Registered Capital: 1.45974694 billion yuan - Established Date: December 21, 1990 - Business Scope: Research, production, and sales of relays, low-voltage electrical appliances, contactors, automation equipment, and related electronic components and modules, as well as import and export of goods or technologies [2]

Summary of Key Points Core Viewpoint - Ningbo Jinda Forming Equipment Co., Ltd. announced a guarantee of 1 million euros for its subsidiary JS Machinery GmbH to support its business development and customer prepayment guarantee needs [1][2]. Group 1: Guarantee Details - The guarantee amount is set at 1 million euros, with the guarantee period effective from the board meeting approval until the 2025 annual shareholders' meeting [1][2]. - The company has confirmed that the guarantee is within the previously estimated limits and includes a counter-guarantee from the subsidiary [1][2]. - As of June 30, 2025, the asset-liability ratio of JS Machinery GmbH is 67.36%, indicating a manageable level of debt [2][4]. Group 2: Subsidiary Information - JS Machinery GmbH is a holding subsidiary, with Ningbo Jinda holding a 90% stake and the remaining 10% held by JAN PETER SCHÖLER [4]. - The company was established in March 2025, located in Lübeck, Germany, with a registered capital of 500,000 euros [4]. - Key financial indicators for the subsidiary include total assets of 694.88 million RMB, total liabilities of 468.08 million RMB, and a net profit of -181.62 million RMB for the first half of 2025 [4]. Group 3: Board Approval and Risk Management - The board of directors approved the guarantee on August 18, 2025, emphasizing that the guarantee aligns with the operational needs of the subsidiary [5]. - The company maintains that the guarantee does not harm the interests of the company or minority shareholders, complying with relevant laws and regulations [5]. - The total amount of guarantees provided by the company to its subsidiaries remains at zero, with no overdue guarantees reported [5].