江苏华宏科技股份有限公司关于为子公司提供担保的进展公告

Group 1 - The company has approved a total external guarantee limit of up to 1.5 billion RMB for its subsidiaries during the 2024 fiscal year [2] - The company signed a maximum guarantee contract with Ningbo Cixi Rural Commercial Bank for a credit application of 49 million RMB by its subsidiary Ningbo Zhonghang Magnetic Industry [3][5] - The guarantee provided is within the approved limit from the 2023 annual shareholders' meeting, and the guaranteed party is not a dishonest executor [4] Group 2 - The guarantee is a joint liability guarantee covering all debts including principal, interest, penalties, and other related costs [5][6] - As of the announcement date, the total amount of guarantees provided by the company to its subsidiaries is 1.374 billion RMB, which accounts for 41.28% of the company's audited net assets for 2024 [8] - The company has no overdue external guarantees or any guarantees involved in litigation [8]