Core Viewpoint - The company, Datang International Power Generation Co., Ltd., has provided a financing guarantee for its subsidiary, Datang Jixi Thermal Power Co., Ltd., amounting to 19.476 million yuan, to support its ongoing operations and debt management [2][4]. Summary by Sections 1. Guarantee Overview - The company has signed a guarantee contract with the Industrial and Commercial Bank of China, Jixi Yongchang Branch, to provide a joint liability guarantee for a loan application of 20 million yuan by Datang Jixi Thermal Power Co., Ltd. The guarantee amount is 19.476 million yuan, representing 97.38% of the total loan amount [4][8]. 2. Approval Process - The guarantee was approved during the board meetings held on March 25, 2025, and June 27, 2025, where the company agreed to provide a guarantee limit of 194.76 million yuan to its wholly-owned subsidiary, Datang Heilongjiang Power Co., Ltd., for replacing maturing guarantee debts [5]. 3. Basic Information of the Guaranteed Party - Datang Jixi Thermal Power Co., Ltd. was established on December 24, 1998, with a registered capital of 321 million yuan. The company is primarily engaged in power generation, transmission, and supply services [6][7]. 4. Financial Summary - As of the latest financial report, the company has provided a total of 882 million yuan in external guarantees, which accounts for 1.15% of the company's most recent audited net assets attributable to the parent company. There are no overdue guarantees [9]. 5. Necessity and Reasonableness of the Guarantee - The guarantee is deemed necessary to mitigate overall financial risks and ensure the continuous operation of Datang Jixi Thermal Power Co., Ltd., which has been facing ongoing losses. The support from the parent company is crucial for external financing [8].
大唐国际发电股份有限公司关于提供融资担保的进展公告