Tong Petrotech(SZ:300164) Zheng Quan Zhi Xing·2025-08-22 09:45Summary of Key Points Core Viewpoint - The company, Tongyuan Petroleum Technology Group Co., Ltd., is providing a guarantee for its associate company, Yilong Hengye Petroleum Engineering Technology Co., Ltd., to secure financing from banks for operational needs [2][6][7]. Group 1: Guarantee Overview - Tongyuan Petroleum plans to provide a joint liability guarantee for Yilong Hengye's financing of RMB 26 million from Huishang Bank and RMB 10 million from Beijing Bank, with the guarantee period extending three years beyond the debt fulfillment deadline [2][6]. - The guarantee has been approved by the company's board of directors and does not require shareholder meeting approval [3][7]. Group 2: Associate Company Information - Yilong Hengye is a limited liability company with a registered capital of RMB 85.461486 million, established on August 8, 2005, and is located in Beijing [4]. - The major shareholders of Yilong Hengye include Tongyuan Petroleum (43.54%), Beijing Ruituo Venture Capital Partnership, and others, with the company engaged in various technical services and equipment sales related to petroleum [4][5]. Group 3: Guarantee Details - The guarantee will be structured as a joint liability guarantee, with the total amount not exceeding the agreed guarantee limit, and Yilong Hengye will finance within this limit based on operational needs [6][7]. - The main shareholder of Yilong Hengye, Ding Fuqing, will provide a counter-guarantee to the company, ensuring the security of the guarantee [6][7]. Group 4: Risk Assessment and Compliance - The board believes that the guarantee will support Yilong Hengye's business development and enhance shareholder value, with the overall risk being manageable and not adversely affecting the company's operations [7]. - As of the disclosure date, the total external guarantees by the company and its subsidiaries amount to RMB 120 million, representing 8.66% of the latest audited net assets, with no overdue guarantees reported [7]. Group 5: Endorsement by the Sponsor - The sponsor, Lianchu Securities, has reviewed the guarantee matter and found the decision-making process to be compliant with relevant regulations and the company's articles of association [8].