Recently, Hunan Bichamp Cutting Technology Co., Ltd. released a progress announcement on external guarantees. The company had previously authorized a proposal to provide guarantees for its subsidiaries Luoding Yada and Bichamp Alloy, with an authorization period of one year. Two new guarantees have now been added: a contract signed with China Minsheng Bank Changsha Branch to provide joint liability guarantees for a short-term working capital loan of 10 million yuan for Bichamp Alloy; and a contract signed with Zhejiang Commercial Bank Changsha Branch to provide joint liability guarantees for a series of creditor-debtor contracts with a maximum balance of 50 million yuan for Luoding Yada, all within the approval limit of the shareholders' meeting. As of the announcement date, the company's approved guarantee limit is 1.62 billion yuan, accounting for 117.30% of the net assets for 2024, with an actual guarantee balance of 558 million yuan, accounting for 40.40%, and there are no overdue or litigation-related adverse guarantee situations. It should be noted that Bichamp Alloy's asset-liability ratio exceeds 70%