Zhongtai Securities(SH:600918) Zheng Quan Zhi Xing·2025-05-29 08:19Group 1 - The company’s wholly-owned subsidiary, Zhongtai International, is providing an unconditional and irrevocable guarantee for the issuance of USD 200 million bonds with a 2-year term [1][3] - As of the announcement date, the total guarantee amount provided by Zhongtai International to the issuer is USD 400 million, equivalent to RMB 28.76 billion [1][3] - The board of directors has authorized the management to handle all matters related to the issuance of domestic and foreign debt financing tools, ensuring compliance with regulatory requirements [1][4] Group 2 - The issuer, Zhongtai International Finance (British Virgin Islands) Limited, is a wholly-owned subsidiary of Zhongtai International, which is indirectly held by the company [3][4] - The total assets of the issuer are approximately HKD 1.61 billion, with total liabilities of about HKD 1.59 billion, resulting in a net asset of HKD 21.76 million [2] - The issuer's revenue for the audited period is HKD 118.56 million, while it reported a net profit of HKD 10.66 million [2] Group 3 - The guarantee is necessary for the issuance of bonds aimed at repaying existing debts, and the company can effectively monitor the issuer's debt repayment capacity [4] - The board believes that the guarantee aligns with the company's overall interests and operational strategy, and the associated risks are manageable [4][5] - The total amount of guarantees provided by the company to its subsidiaries is RMB 67.23 billion, which is 15.74% of the company's audited net assets as of December 31, 2024 [5]