1. Guarantee Overview
Yuan Da Industrial Control Co., Ltd. (hereinafter referred to as "the Company") and its subsidiaries have provided mutual guarantees among themselves. The Company and its subsidiaries have exceeded 100% of the guarantee amount compared to the latest financial audit, and the proportion of guarantees exceeding 70% of the total guarantee amount is limited to 50%. Investors are advised to pay attention to the risks involved.
2. Guarantee Period
The guarantee period is defined as the period from the date of the agreement to two years thereafter. The guarantee agreement stipulates that the guarantee period for each guarantee agreement shall not be less than two years. The rights and obligations of the guarantor and the guaranteed party shall be specified in the guarantee agreement.
3. Scope of Guarantee
The scope of the guarantee includes the principal debt and interest of the main debt, as well as penalties, fees, and other expenses related to the debt.
4. Amount
The total amount of guarantees provided by Yuan Da Industrial Control Co., Ltd. and its subsidiaries exceeds 1.5 billion yuan.
5. Board of Directors' Opinion
This guarantee is deemed necessary for the Company and its subsidiaries to apply for the approval of the guarantee amount from the bank, which will support their business development.
6. Summary of External Guarantees and Projected Guarantees
| Year | Total Guarantee Amount | Amount Provided by the Company | Amount Provided by Subsidiaries |
|---|---|---|---|
| 2024 | 1,029,886,000 | 1,029,886,000 | 0 |
| 2025 | 1,029,886,000 | 1,029,886,000 | 0 |