Chapter 1 General Principles
Article 1 In accordance with laws and regulations, Anhui Huangshan Rubber Co., Ltd. (hereinafter referred to as "the Company") establishes this external guarantee decision-making system to regulate external guarantees, prevent risks, and ensure the Company's stable operation.
Article 2 The Company’s board of directors and management shall be responsible for the implementation of this external guarantee system.
Article 3 The Company shall use external guarantees in accordance with the relevant regulations of the Company and its subsidiaries.
Article 4 The term "external guarantee" refers to guarantees provided by the Company for other parties, including guarantees for subsidiaries. The term "total guarantee amount" refers to the total amount of guarantees provided by the Company for its subsidiaries.
Chapter 2 Procedures for External Guarantees
Article 5 The Company shall provide guarantees under the following circumstances: (1) The Company shall provide guarantees for its subsidiaries, ensuring that the guarantees do not exceed 30% of the total assets of the Company; (2) The Company shall ensure that the guarantees provided do not exceed the limits set by the board of directors.
Chapter 3 Scope of External Guarantees
Article 6 The Company shall provide external guarantees under the following conditions: (1) The Company shall ensure that the guarantees do not exceed 10% of the total assets of the Company; (2) The Company shall provide guarantees for subsidiaries that exceed 50% of the total assets.