GPTY(SZ:000545) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-06-12 23:01Summary of Key Points Core Viewpoint - The company, Jinpu Titanium Industry Co., Ltd., has approved a guarantee limit of up to RMB 1.259 billion for itself and its subsidiaries to support financing needs for its subsidiaries [2][17]. Group 1: Guarantee Overview - The company and its subsidiaries will provide guarantees for their subsidiaries, including wholly-owned, controlled, and joint ventures, with a total limit of RMB 1.259 billion [2]. - The guarantee scope includes applications for bank credit, loans, acceptance bills, and other daily operational financing [2]. - The guarantee methods include credit guarantees, asset pledges, and counter-guarantees [2]. Group 2: Guarantee Progress - The subsidiary, Xuzhou Titanium White Chemical Co., Ltd., has applied for credit lines of RMB 23 million and RMB 40 million from Huaxia Bank and Jiangsu Bank, respectively [2]. - The company and its wholly-owned subsidiary, Nanjing Titanium White Chemical Co., Ltd., have provided joint liability guarantees for the credit from Huaxia Bank and Jiangsu Bank [2]. Group 3: Financial and Operational Details - The total guarantee amount is within the available guarantee limit [3]. - The subsidiary, Xuzhou Titanium White, was established in November 2010 with a registered capital of RMB 62.5 million [4]. - The loan will be used for the daily production, operation, and capital turnover of Xuzhou Titanium White [5]. Group 4: Guarantee Contract Details - The guarantee contracts with Huaxia Bank and Jiangsu Bank outline the scope of the guarantee, including principal, interest, penalties, and other related costs [6][12]. - The guarantee period is set for three years from the date of the contract's effectiveness [10][14]. - The company is aware that the loan will be used to repay government emergency turnover funds [16]. Group 5: Current Guarantee Status - As of the announcement date, the cumulative guarantee amount by the company and its subsidiaries is RMB 1.259 billion, accounting for 90.15% of the company's audited net assets as of December 31, 2024 [17]. - The actual external guarantee amount is RMB 431.77 million, which is 30.92% of the company's audited net assets [17].