Core Viewpoint - The company has approved a comprehensive credit facility of up to 2 billion RMB to support its subsidiary, Fujian Huakang Pharmaceutical Co., Ltd, through various banks and financial institutions [1][2]. Group 1: Guarantee Details - The company has provided a total guarantee amount of 15 million RMB, leaving a remaining guarantee capacity of 65 million RMB as of the announcement date [2][4]. - Fujian Huakang is a wholly-owned subsidiary of the company, with the company holding 85% of its shares [3][4]. - The guarantee is aimed at meeting the operational needs of the subsidiary and is deemed to have low risk due to the company's control over the subsidiary [4]. Group 2: Financial Information - As of December 31, 2024, Fujian Huakang reported total assets of 58.23 million RMB, total liabilities of 34.01 million RMB, and net assets of 24.23 million RMB [2]. - As of March 31, 2025, Fujian Huakang's total assets increased to 61.10 million RMB, with total liabilities of 30.74 million RMB and net assets of 30.36 million RMB [3]. Group 3: Guarantee Agreement - The company signed a maximum guarantee contract with Xiamen Bank for a guarantee amount of 15 million RMB for Fujian Huakang [3][4]. - There are no associated guarantees or overdue guarantees reported [3][4].

Core Insights - The event on April 30, 2025, in Xining, Qinghai Province, aimed to promote high-quality technological achievements and accelerate the industrialization of laboratory results, particularly in the salt lake chemical industry [1][3] - Qinghai's salt lake resources are the province's primary resource, rich in various elements, with potassium, sodium, magnesium, and lithium reserves ranking first in the country, holding a potential economic value of trillions of yuan [3][5] Group 1 - The event featured reports from experts from institutions such as the Chinese Academy of Sciences and several universities, discussing technologies like magnesium-based intercalated functional materials and direct lithium extraction methods [3][5] - Qinghai's salt lake industry has diversified, forming five major industrial clusters: potassium salt, sodium salt, magnesium salt, lithium salt, and chlor-alkali, moving towards the goal of becoming a "world-class salt lake industry base" [5][6] Group 2 - In recent years, Qinghai has overcome key technologies for the development and utilization of salt lake resources, establishing innovation platforms and gathering talented teams in the field [6] - The event was seen as a starting point for cooperation and exchange, aiming to contribute to the innovative development of the salt lake industry through technological empowerment [8]