Vanward New Electric updates articles of association, guarantee policies

Guangdong Vanward New Electric Co., Ltd. has officially updated its articles of association, with an effective date of September 17, 2025. The revised articles outline key changes including the company's registered capital, now RMB 743,600,000, and a detailed framework for corporate governance, shareholder rights, and board responsibilities.

In conjunction with these updates, the company also published its external guarantee management system, also effective from September 17, 2025. This policy establishes stringent controls over external guarantees to mitigate risks and ensure asset security. It mandates that all external guarantees, including those for controlling subsidiaries, must undergo board or shareholder approval based on specified thresholds related to net assets and total assets.

The new management system emphasizes comprehensive due diligence on guaranteed parties, prohibits guarantees for entities with adverse financial conditions, and requires timely disclosure of guarantee-related information. The company aims to enhance risk control and accountability, with clear provisions for legal liability for non-compliance.