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**Abstract**
Xindaxin: Announcement Regarding the Provision of Guarantee for the Comprehensive Credit of Wholly-Owned Subsidiary Banks
Stock Code: 300080
Securities Abbreviation: Xinda New Materials
Announcement No.: 2013-091
Henan Xinda New Materials Co., Ltd. is a listed company that has issued an official announcement regarding its decision to provide guarantees for the comprehensive credit lines of its wholly-owned subsidiary banks. This move is aimed at supporting the operational and project development needs of these subsidiaries, ensuring their continued growth and stability.
The announcement includes detailed information about three key subsidiaries: Xinjiang Xinluo Photovoltaic Materials Co., Ltd., Kaifeng Wansheng New Material Co., Ltd., and Pingdingshan Yicheng New Material Co., Ltd. Each of these companies is seeking bank credit, and the parent company has committed to providing joint liability guarantees with a maximum total amount of RMB 375 million. The guarantee period is set at one year.
For Xinjiang Xinluo Photovoltaic Materials Co., Ltd., the guaranteed amount is RMB 50 million, with a cumulative guarantee of RMB 30 million as of the end of Q3 2013. For Kaifeng Wansheng New Material Co., Ltd., the guaranteed amount is RMB 160 million, with a cumulative guarantee of RMB 60 million. Pingdingshan Yicheng New Material Co., Ltd. has a guaranteed amount of RMB 165 million, with no prior accumulated guarantees.
The board of directors of Henan Xinda New Materials Co., Ltd. approved this proposal unanimously. The company emphasizes that all financial data provided in the announcement is accurate and reliable, and there are no false statements or omissions. It also states that none of the subsidiaries have any counter-guarantees involved in these arrangements.
The company further highlights that it has not provided any external guarantees for third parties, and there are no overdue guarantees or legal disputes related to the current arrangements. The total external guarantees currently stand at RMB 90 million, which represents 3.23% of the company’s latest audited net assets.
This announcement is part of the company’s ongoing efforts to support its subsidiaries while maintaining financial discipline and risk control. Supporting documents include the resolution from the 29th meeting of the second board of directors and independent director opinions on the proposed guarantees.
**Henan Xinda New Materials Co., Ltd.**
Board of Directors
October 25, 2013