300174SZSE

Announcement on Providing Guarantees for Wholly-Owned Subsidiaries and Between Wholly-Owned Subsidiaries

✨ AI Summary

Fujian Yuanli Activated Carbon Co., Ltd. approved a proposal to provide joint liability guarantees for its wholly-owned subsidiaries, with a total guarantee amount not exceeding RMB 1 billion. This decision is pending shareholder approval. The authorization for the guarantees will be valid for 12 months from the date of approval at the 2025 annual shareholder meeting.

Summary generated by AI · Always verify with source document

Full Translation

AI Translation· azure_openai

The securities code: 300174
The securities abbreviation: Yuanli Co., Ltd.
Announcement number: 2026-020

Fujian Yuanli Activated Carbon Co., Ltd. announces the provision of guarantees for wholly-owned subsidiaries and between wholly-owned subsidiaries. The company and all members of the board of directors guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or major omissions.

1. Overview of the Guarantee Situation

Fujian Yuanli Activated Carbon Co., Ltd. (hereinafter referred to as "the Company") approved the proposal on providing guarantees for wholly-owned subsidiaries and between wholly-owned subsidiaries at the 13th meeting of the 6th Board of Directors. The Company agrees to provide joint liability guarantees for its wholly-owned subsidiaries (including Nanping Yuanli Activated Carbon Co., Ltd., Fujian Nanping Sanyuan Recycling Technology Co., Ltd., Fujian Nanping Yuanhe Water Glass Co., Ltd., etc.) and any newly established or added wholly-owned subsidiaries during the validity period of this guarantee for loan applications to financial institutions, with a total guarantee amount not exceeding RMB 1 billion. This proposal is subject to approval by the shareholders' meeting. The Board of Directors requests the shareholders' meeting to authorize the Chairman of the Company or designated management to sign guarantee documents within the approved guarantee amount, with specific guarantee amounts and periods based on the agreements actually signed between the aforementioned companies and financial institutions. The authorization for the above guarantees will be valid for 12 months from the date of approval of this proposal at the 2025 annual shareholders' meeting.

2. Basic Information of the Guaranteed Parties

The guaranteed parties for this guarantee are the wholly-owned subsidiaries of the Company, determined based on actual financing needs. The basic information of the guaranteed parties is as follows:

Sign in to read the full translation

Free accounts get 10 full releases per month. Pro subscribers get unlimited access.