Zheng Quan Zhi Xing·2025-05-16 12:47Summary of Key Points Core Viewpoint - Huatai Securities Co., Ltd. has announced a guarantee for its wholly-owned subsidiary, Huatai International Finance Co., Ltd., regarding the issuance of medium-term notes under a specific plan, with a total guarantee amount of $263 million [1][2]. Group 1: Guarantee Overview - The guaranteed party is Huatai International Finance Co., Ltd., a subsidiary of Huatai International, which is a wholly-owned offshore subsidiary of Huatai Securities [2]. - The total guarantee amount provided is $263 million, which includes the current guarantee [1][3]. - There are no overdue guarantees reported, and the guaranteed party has an asset-liability ratio exceeding 70% [1][3]. Group 2: Financial Status of the Guaranteed Party - Huatai International Finance Co., Ltd. is currently in a normal operational state without any ongoing investments or significant litigation [2]. - The company is 100% owned by Huatai International, allowing Huatai Securities to monitor its debt repayment capabilities closely [3]. Group 3: Guarantee Agreement Details - The guarantee is unconditional and irrevocable, as per the trust deed signed on January 24, 2025, between Huatai International Finance and Huatai International [2][3]. - The issuance includes five medium-term notes, with three notes of $50 million each and two notes of $7 million each [3]. Group 4: Internal Decision-Making Process - The guarantee was approved in meetings held on December 31, 2020, and February 8, 2021, as part of a general authorization for debt financing tools [4]. - The authorization for debt financing tools has been extended until the annual general meeting in 2025 [4]. Group 5: Total Guarantee Amount and Status - As of the announcement date, the total guarantee amount provided by the company and its subsidiaries is approximately RMB 34.178 billion, all of which are guarantees to subsidiaries [5]. - There are no overdue debts reported, and no guarantees have been provided to controlling shareholders or related parties [5].