Overview - The company has approved a proposal for shareholders, actual controllers, and subsidiaries to provide guarantees for the company, involving a total financing amount of up to 140 million yuan [1][2][8] Financing Details - The company will apply for a working capital loan of 100 million yuan from Hongta Bank, with a loan term not exceeding three years [1][12] - The company will pledge certain patent rights and real estate owned by its subsidiaries as collateral for the loan [1][12] - The financing includes a leasing business with Ping An Leasing for an amount not exceeding 40 million yuan, also with a three-year term [2][12] Related Parties - Yunnan Dongxing Industrial Group Co., Ltd., a major shareholder, and the actual controllers, Bao Wendong and Wu Kaihui, will provide joint liability guarantees for the financing [2][3] - Bao Wendong holds 69.70% and Wu Kaihui holds 30.30% of Dongxing Group [3][5] Transaction Nature - The guarantees provided by the related parties constitute related party transactions as defined by the Shenzhen Stock Exchange regulations [2][3] - The actual controllers have recused themselves from voting on the proposal due to their interest in the transaction [2][11] Impact on Company - The guarantees will not incur any fees for the company and do not require counter-guarantees, aligning with the interests of the company and all shareholders [8][11] - The company’s main business operations will not be dependent on these related transactions [8][11] Previous Related Transactions - The company has previously engaged in related transactions involving guarantees from the actual controllers and major shareholders, with various amounts and terms [8][9]