MAE(SZ:002009) Shang Hai Zheng Quan Bao·2025-09-29 20:47Summary of Key Points Core Viewpoint - Tianqi Automation Engineering Co., Ltd. has announced the provision of guarantees by its wholly-owned subsidiary, Jiangxi Tianqi Jintai Co., Ltd., to Jiangsu Bank Wuxi Branch, with a maximum debt guarantee amounting to RMB 19,900 million, as part of a broader guarantee framework approved by the board and shareholders for the year 2025 [2][3]. Group 1: Guarantee Overview - The company approved a total guarantee limit of RMB 179,600 million for 2025, which represents 92.78% of the latest audited net assets [2]. - The guarantee limit includes RMB 137,600 million for subsidiaries with a debt-to-asset ratio below 70% and RMB 42,000 million for those above 70% [2]. - The guarantee is effective from the date of the special resolution passed at the 2024 annual general meeting until a new guarantee limit is approved at the 2025 annual general meeting [2]. Group 2: Guarantee Progress - Jiangxi Tianqi Jintai Co., Ltd. has signed a maximum mortgage contract with Jiangsu Bank Wuxi Branch, providing collateral for debts incurred from July 7, 2025, to July 6, 2035, up to RMB 19,900 million [2][5]. - This guarantee falls within the previously approved limit and does not require additional board or shareholder meetings for approval [3]. Group 3: Company Information - Tianqi Automation Engineering Co., Ltd. was established on November 18, 1997, and is based in Wuxi, Jiangsu Province [4]. - The company specializes in intelligent automation system engineering, including design, manufacturing, installation, and management, as well as various related services [4]. Group 4: Financial Metrics - As of the announcement date, the total guarantee amount provided by the company and its subsidiaries is RMB 179,600 million, with an actual guarantee balance of RMB 100,354.44 million, representing 51.84% of the audited net assets for 2024 [8].