Core Viewpoint - Jiangsu Sop (600746) has decided to terminate its plan to issue shares to specific investors and withdraw related application documents due to the current external environment and company circumstances [1] Group 1: Fundraising and Project Impact - The company originally intended to raise a total of no more than 1.5 billion yuan (including principal), with the net proceeds after issuance costs planned for use in the integrated project of vinyl acetate and EVA (Phase I) [1] - The termination of the share issuance will not have a significant adverse impact on the company's current normal production and operations [1] Group 2: Management Changes - On the same day, the company announced that its board received a resignation report from Li Junfeng, who will no longer serve as the quality director due to job changes [1] - Following his departure from the senior management position, Li Junfeng will take on the role of general manager of the company's vulcanization division [1]

Core Viewpoint - The company, Jiangsu Sop Chemical Co., Ltd., has provided a guarantee of RMB 2.2 billion for its wholly-owned subsidiary, Jiangsu Sop New Materials Technology Co., Ltd., to support financing for a project construction [1][2][7]. Summary by Sections Guarantee Overview - The company has approved a total credit limit of up to RMB 5 billion for itself and its subsidiaries, with a maximum guarantee of RMB 3 billion for its wholly-owned subsidiaries [1][3]. Basic Information on the Guarantee - The guarantee amount is RMB 2.2 billion, with the funds allocated for the construction of the "Vinyl Acetate and EVA Integration Project (Phase I)" [2][3]. - The company has provided no prior guarantees for the subsidiary, and the current guarantee does not involve any counter-guarantee [1][3]. Subsidiary Information - Jiangsu Sop New Materials Technology Co., Ltd. was established on December 4, 2015, with a registered capital of RMB 150 million, focusing on the production and sales of various chemical products [4]. Guarantee Agreement Details - The guarantee is a joint liability guarantee, effective for three years from the date of the guarantee contract [5][6]. - The guarantee covers the principal amount of RMB 2.2 billion, including interest and other related costs [6]. Necessity and Reasonableness of the Guarantee - The guarantee is deemed necessary to meet the financing needs of the subsidiary's project, aligning with the company's long-term development strategy [7][8]. - The company maintains control over the subsidiary's operations and management, ensuring that the guarantee risk is manageable [8]. Total External Guarantee Situation - As of the announcement date, the total external guarantees provided by the company and its subsidiaries amount to RMB 3 billion, which is 55.70% of the company's latest audited net assets [8].