Summary by Futu AI
On July 2, 2024, Haier Smart Home Co., Ltd. announced that it has provided a loan credit guarantee of not more than 300 million New Zealand dollars to its wholly-owned subsidiary Fisher & Paykel Appliances Limited. The guarantee balance of the company and its wholly-owned and controlling subsidiaries to Fisher & Paykel Appliances Limited amounted to RMB 131,070,000. This guarantee measure is based on the motion passed at the board of directors meeting held on March 27, 2024 and the annual shareholder meeting in 2023 of Haier Smart Home Co., Ltd. regarding the expected amount of guarantee for the company and its subsidiaries in 2024. The financial institutions involved in the guarantee agreement include Industrial and Commercial Bank of China, Bank of China, and China Construction Bank. As of the announcement disclosure date, the total amount of external guarantees provided by Haier Smart Home and its subsidiaries was RMB 14,277,821.4 million, accounting for 13.8% of the company's recently audited net assets, and there was no overdue guarantee situation.