TJ(SH:600667) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-04-18 08:57Summary of Key Points Core Viewpoint The company has provided a guarantee for its subsidiary, Taiji Semiconductor (Suzhou) Co., Ltd., to support its banking credit application, with a total guarantee amount of 110 million RMB, reflecting the company's commitment to its subsidiary's business development and financial stability [1][2]. Group 1: Guarantee Overview - The company has provided a guarantee of 110 million RMB for Taiji Semiconductor's banking credit application, with an actual guarantee balance of 247 million RMB as of March 31, 2025 [1]. - The guarantee is a joint liability guarantee, and the company has signed a "Maximum Guarantee Contract" with Nanjing Bank Suzhou Branch [1][5]. - The company has approved a total guarantee limit of up to 500 million RMB for the year 2024, which includes specific amounts for new and renewed credit applications for Taiji Semiconductor [2]. Group 2: Subsidiary Information - Taiji Semiconductor (Suzhou) Co., Ltd. is a wholly-owned subsidiary of the company, with a registered capital of approximately 722.11 million RMB [3][4]. - The company holds 85.06% of Taiji Semiconductor's shares directly and the remaining 14.94% indirectly through its wholly-owned subsidiary [4]. - The subsidiary specializes in the research, development, packaging, and testing of semiconductor products [3]. Group 3: Guarantee Agreement Details - The maximum principal amount guaranteed under the contract is 110 million RMB, covering various credit facilities including loans and trade financing [8][9]. - The guarantee period extends for three years from the maturity of each debt incurred under the credit limit [11]. - The contract stipulates that any disputes arising from the agreement will be governed by the laws of the People's Republic of China [12]. Group 4: Board of Directors' Opinion - The board of directors has stated that the guarantee is necessary for the operational needs of Taiji Semiconductor and will not adversely affect the company's financial health or its ability to continue operations [14]. - The company has confirmed compliance with relevant laws and regulations regarding the guarantee [14]. Group 5: External Guarantee Status - As of the announcement date, the total external guarantees provided by the company and its subsidiaries amount to 750 million RMB, representing 9.42% of the company's audited net assets for 2023 [15]. - There are no overdue guarantees reported by the company or its subsidiaries [15].