TGWC(SH:600116) Zheng Quan Zhi Xing·2025-08-14 11:11Summary of Key Points Core Viewpoint - The announcement details the progress of the 2025 guarantee plan for Chongqing Three Gorges Water Conservancy Electric Power (Group) Co., Ltd, indicating no new guarantees were added in July 2025 and outlining the existing guarantees and their necessity for operational funding [1][3]. Group 1: Guarantee Plan Overview - The 2025 guarantee plan was approved with a total new guarantee amount not exceeding 1.95 billion yuan, with specific allocations for wholly-owned and controlling subsidiaries [2][3]. - As of July 31, 2025, the cumulative guarantee balance for the company and its subsidiaries was 1.215 billion yuan, with a total guarantee amount of 3.2368318 billion yuan, including unused amounts from the 2025 plan [2][4]. Group 2: Necessity and Reasonableness of Guarantees - The 2025 guarantee plan is deemed necessary based on actual operational needs and funding arrangements, ensuring that all guaranteed entities are wholly-owned or controlling subsidiaries, which allows for effective monitoring and management [3][4]. - The board of directors confirmed that the operational status of the guaranteed entities is stable and that the overall guarantee risk is controllable, not adversely affecting the company's normal operations or financial condition [3][4]. Group 3: Board of Directors' Opinion - The board of directors approved the guarantee plan, emphasizing the importance of meeting the funding needs of subsidiaries for sustainable development [3][4]. - The authorization for the general manager's office to handle the guarantee matters was also agreed upon, with the plan effective until the next shareholders' meeting [3].