安泰集团: 安泰集团关于为山西新泰钢铁有限公司提供担保的公告

Core Viewpoint - The company is providing a guarantee of up to 826 million yuan for its affiliate, Shanxi Xintai Steel Co., Ltd., to support its financing needs and ensure normal operations [1][2][9] Summary by Sections Guarantee Amount and Current Status - The total guarantee amount for Shanxi Xintai Steel is capped at 826 million yuan, with an existing guarantee balance of 2.611 billion yuan as of the announcement date [1][2] - The guarantee balance has decreased by 1.325 billion yuan since the end of 2020 [1][3] Future Guarantee Plans - The company plans to continue providing guarantees as Shanxi Xintai Steel seeks to renew loans and adjust contracts, with specific amounts outlined for various creditors [2][5] - The total amount of guarantees to be provided in the future is 825.7 million yuan [2] Company and Affiliate Background - Shanxi Xintai Steel was established in May 2005, with a registered capital of 2 billion yuan and total audited assets of 11.768 billion yuan as of December 31, 2024 [3] - The net assets of Shanxi Xintai Steel are reported at 1.735 billion yuan, with a net loss of 438 million yuan [3] Necessity and Reasonableness of the Guarantee - The mutual guarantee arrangement is necessary due to the financing environment and industry characteristics, with banks requiring such guarantees for financing [7][9] - Shanxi Xintai Steel has been actively working to reduce the guarantee balance, reflecting an improvement in its debt repayment capacity [7][9] Independent Directors and Board Opinions - Independent directors have reviewed the guarantee and agree it is necessary for normal financing operations, with no new guarantee balance being added [8][9] - The board emphasizes the importance of controlling guarantee risks and ensuring that the affiliate takes measures to reduce the guarantee balance [8][9] Cumulative External Guarantee Amount - As of the announcement date, the cumulative guarantee amount provided to Shanxi Xintai Steel is 2.611 billion yuan, which represents 172.57% of the company's audited net assets as of the end of 2024 [9]