TONGWEI CO.,LTD(SH:600438) Shang Hai Zheng Quan Bao·2025-08-04 18:59Core Viewpoint - Tongwei Co., Ltd. has provided guarantees to its subsidiaries and associated companies, with a total guarantee amount of 4.08 billion RMB during the specified period, reflecting the company's strategy to support its business operations and maintain relationships with clients [2][3][11]. Summary by Sections Guarantee Overview - The company approved mutual guarantees among its subsidiaries and for clients at the 2025 annual general meeting, with a total authorized guarantee limit of 120 billion RMB for subsidiaries and 9 billion RMB for clients [7][8]. Guarantee Amounts and Balances - The total guarantee amount provided during the period was 4.08 billion RMB among subsidiaries, with an additional 30 million RMB for associated companies and 168 million RMB for clients by the agricultural guarantee company [3][10]. - As of July 31, 2025, the actual balance of mutual guarantees among subsidiaries was 438.62 billion RMB, with no overdue guarantees reported [5][12]. Risk Management - No counter-guarantees were established for the mutual guarantees among subsidiaries, while some guarantees for clients included specific counter-guarantee measures [4]. - The agricultural guarantee company reported overdue amounts of 1.674 million RMB, with ongoing recovery efforts for compensation amounts totaling 8.0174 million RMB [5][12]. Necessity and Reasonableness of Guarantees - The guarantees are deemed necessary to support the operational needs of subsidiaries and associated companies, with the company maintaining control over the associated risks [11][12]. - The guarantees for clients aim to enhance business development and strengthen long-term partnerships, with all clients being long-term partners capable of meeting their debt obligations [12].