MAE(SZ:002009) Shang Hai Zheng Quan Bao·2025-10-21 19:19Summary of Key Points Core Viewpoint - Tianqi Automation Engineering Co., Ltd. has announced the provision of guarantees for its wholly-owned subsidiary, Tongling Tianqi Lantian Machinery Equipment Co., Ltd., with a maximum guarantee amount of RMB 19 million, effective from October 16, 2025, to October 16, 2026 [2][6]. Group 1: Guarantee Overview - The company approved a total guarantee limit of RMB 179.6 million for 2025, which accounts for 92.78% of the latest audited net assets [2][8]. - The guarantee limit includes RMB 137.6 million for subsidiaries with a debt-to-asset ratio below 70% and RMB 42 million for those above 70% [2]. Group 2: Guarantee Progress - A maximum guarantee contract was signed with Huishang Bank Tongling Yangjiashan Branch for the subsidiary, covering debts up to RMB 19 million [2][6]. Group 3: Subsidiary Information - Tongling Tianqi Lantian Machinery Equipment Co., Ltd. was established on March 15, 2006, with a registered capital of RMB 109.9 million [4][5]. - The company is involved in the research, development, production, and sales of conveying machinery and general equipment, among other services [4]. Group 4: Guarantee Contract Details - The guarantee is a joint liability guarantee, covering principal, interest, penalties, and other related costs [6][7]. - The guarantee period is calculated based on the debt performance period of the credit granted by the creditor [7]. Group 5: Current Guarantee Status - As of the announcement date, the total guarantee amount provided by the company and its subsidiaries is RMB 124.27 million, which is 64.20% of the audited net assets for 2024 [8].