Group 1 - The company, Ningbo Top Group Co., Ltd., has agreed to provide a performance guarantee for its wholly-owned subsidiary, Ningbo Top Auto Parts Co., Ltd., in relation to potential payment obligations arising from a collaboration with an integrator [1][2] - The maximum guarantee amount is set at RMB 100 million, with a guarantee period of six years from the date the guaranteed debt is due [1][3] - The board of directors unanimously approved the guarantee, which will also require approval from the company's shareholders [2][3] Group 2 - Ningbo Top Auto Parts Co., Ltd. specializes in the research, manufacturing, processing, wholesale, and retail of sound insulation and heat insulation components, as well as electronic and sealing parts [2] - As of the latest financial data, the total assets of the subsidiary amount to approximately RMB 6.27 billion, with total liabilities of about RMB 5.99 billion, resulting in a net asset value of approximately RMB 281.61 million [2][3] - The subsidiary reported an operating income of approximately RMB 2.46 billion and a net profit of approximately RMB 23.53 million [2][3] Group 3 - The company believes that providing this guarantee is necessary and reasonable for the subsidiary to engage in new business activities, aligning with general commercial practices [3][4] - The company has no overdue guarantees, and the total guarantee balance amounts to approximately RMB 566.57 million, which represents 2.89% of the company's audited net assets for the year 2024 [4]