I. Overview of Guarantees
(1) Guarantee Review Status
Wuxi Huadong Heavy Machinery Co., Ltd. (hereinafter referred to as "the Company") held its 5th Board of Directors meeting on April 9, 2025, and approved the proposal to provide guarantees for its wholly-owned subsidiary from May 7, 2025, to July 7, 2024. The Company aims to support its subsidiary's financing needs and enhance operational capabilities. The total guarantee amount shall not exceed 41 million RMB. The relevant details will be disclosed in the "Securities Times" and on the website www.cninfo.com.cn.
(2) Guarantee Progress
Recently, the Company’s wholly-owned subsidiary, Nantong Huadong Heavy Machinery Co., Ltd. (hereinafter referred to as "Nantong Huadong"), has applied for a loan of 41 million RMB from China Construction Bank Co., Ltd. as part of the "Huadong Heavy Machinery Intelligent Manufacturing Project." The loan will be used for operational activities. The guarantee agreement is expected to be signed by November 15, 2031.
To support the "Huadong Heavy Machinery Intelligent Manufacturing Project," the Company has established a guarantee fund of 41 million RMB for the loan agreement (contract number: 2026).
II. Basic Information of the Guaranteed Party
- Company Name: Nantong Huadong Heavy Machinery Co., Ltd.
- Establishment Time: October 18, 2024
- Registered Address: No. 888, Port Economic Development Zone, Qidong City, Jiangsu Province
- Legal Representative: [blank]
- Registered Capital: 460 million RMB
- Business Scope:
- General projects: Import and export of goods; technology development; cargo handling; intelligent equipment manufacturing; special equipment manufacturing; marine engineering equipment manufacturing; marine engineering equipment sales (excluding projects requiring approval).
- Shareholding Structure: Huadong Heavy Machinery holds 100% of the shares.
- Relationship with the Company: Wholly-owned subsidiary
- Financial Data for One Year and Period: