On April 23 and May 23, 2025, the board of directors and shareholders' meeting of Huahong Technology approved a proposal to provide a guarantee limit of no more than 2 billion yuan for its subsidiaries. Recently, the company signed multiple "Maximum Guarantee Contracts" with CITIC Bank and Huishang Bank, providing joint liability guarantee for a total credit of 239 million yuan for subsidiaries such as Xintai Technology and Jiangxi Wanhong, with some other shareholders of the subsidiaries providing counter-guarantees. The guaranteed subsidiaries are not listed as dishonest executors. As of the announcement date, the company's guarantee balance for subsidiaries is 1.2608 billion yuan, accounting for 37.88% of the audited net assets for the fiscal year 2024, with no overdue, litigation-related guarantees or associated losses
