Shang Hai Zheng Quan Bao·2025-09-09 21:37Group 1 - The company, China CRRC Corporation Limited, announced that its wholly-owned subsidiary, China CRRC (Hong Kong) Co., Ltd., will provide guarantees for its joint venture in Brazil, TIC TRENS S.A., which is established with a 40% and 60% shareholding ratio with Comporte Participações S.A. [2][3] - The total financing guarantees provided by the Hong Kong company to the Brazilian project company amount to approximately RMB 339 million, with a term not exceeding 18 months [3][7] - The board of directors approved the guarantee proposal with a unanimous vote, indicating compliance with relevant laws and regulations [4][7] Group 2 - As of June 30, 2025, the Brazilian project company is in its initial establishment phase and has not commenced substantial operations [6] - The company has a total external guarantee amount of RMB 58.906 billion, which accounts for 34.90% of the audited net assets as of December 31, 2024 [7] - There are no overdue guarantees reported by the company or its subsidiaries [7]