新疆洪通燃气股份有限公司关于为子公司提供担保的进展情况公告

Core Viewpoint - The company has provided a guarantee of RMB 50 million for its wholly-owned subsidiary, Bazhou Hongtong Energy Co., Ltd., which is a subsidiary of its holding company, Xinjiang Bazhou Hongtong Gas Co., Ltd. [2][4] Summary by Sections Guarantee Overview - The company signed a guarantee contract with China Construction Bank for an irrevocable documentary credit amounting to RMB 50 million on June 12, 2025 [4] - The total guarantee amount provided to Bazhou Energy, including this new guarantee, is RMB 321.724 million [2][6] Internal Decision-Making Process - The company held board meetings on April 17, 2025, and May 8, 2025, to approve the guarantee limits for the year 2025, allowing for a maximum guarantee of RMB 60 million for its subsidiaries [5] - The approved annual guarantee limit for Bazhou Energy is RMB 10 million, with a remaining available guarantee of RMB 5 million after this transaction [6] Financial and Operational Context - Bazhou Energy has a registered capital of RMB 30 million and was established on June 24, 2019 [8] - The company has a good credit status and is not a dishonest executor, which supports the decision to provide the guarantee [11][12] Total Guarantee Amounts - As of the announcement date, the total external guarantees provided by the company and its subsidiaries amount to RMB 1.049724 billion, which represents 54.11% of the company's latest audited net assets [13]