1. Hong Kong listed companies need to obtain the approval of their independent shareholders to ensure that the guarantee plan is in line with the company's interests and shareholders' rights and interests.
2. A listed company in Hong Kong guarantees its wholly-owned subsidiary and does not publicize it, provided that the amount of guarantee is small, in order to protect the interests of the listed company and its shareholders. When a listed company provides a guarantee for a wholly-owned subsidiary, if the amount of guarantee is small, the impact of the default or bankruptcy of the subsidiary on the listed company is relatively small.