Summary of Key Points Core Viewpoint - Shenzhen Kedali Industrial Co., Ltd. has approved a guarantee for its wholly-owned subsidiary, Kedali Hungary Kft., to support its operational needs by providing a bank payment guarantee for the purchase of aluminum materials, with a maximum guarantee amount of 5 million euros (approximately 40 million RMB) [1]. Group 1: Guarantee Overview - The company has issued a payment guarantee to the supplier Speira GmbH for all payment obligations under the supply contract for the years 2025 and 2026, with a maximum guarantee amount of 3 million euros (approximately 25 million RMB) [1][4]. - The guarantee is effective from January 1, 2026, and will terminate on March 31, 2027 [4]. Group 2: Financial Control and Risk Management - The company holds 100% equity in Kedali Hungary, allowing it to monitor the subsidiary's cash flow and financial changes effectively, ensuring no harm to the company's interests [2]. - The total effective guarantee amount provided by the company and its subsidiaries is 40 million RMB, which represents 0.33% of the company's latest audited net assets [4]. Group 3: Financial Status of Kedali Hungary - As of June 30, 2025, Kedali Hungary's total assets amounted to approximately 628.37 million RMB, with total liabilities of about 190.28 million RMB, resulting in net assets of approximately 438.09 million RMB [3]. - The net profit for Kedali Hungary for the recent period was reported as a loss of approximately 24.30 million RMB [4].