Core Viewpoint - The company, Tongcheng New Materials Group Co., Ltd., has provided guarantees for its subsidiaries to support their daily operations and business development needs, with a total guarantee amounting to 255.897 million yuan, which represents 76.30% of the latest audited net assets [3][6]. Group 1: Guarantee Details - Tongcheng Chemical (China) Co., Ltd. has provided a guarantee of 124 million yuan for the company [2]. - A loan guarantee of 50 million yuan was provided to Shanghai Tongcheng Chemical Co., Ltd. through a contract with Shanghai Bank, with an actual guarantee balance of 43.794 million yuan [3]. - A loan guarantee of 7 million yuan was provided to Shanghai Tongcheng Electronic Materials Co., Ltd., with an actual guarantee balance of 94.868 million yuan [3]. Group 2: Internal Decision-Making Process - The company’s board approved the expected financing guarantee limit of 5 billion yuan for 2025, which includes mutual guarantees among subsidiaries [4]. - The board meeting on April 17, 2025, and the annual shareholders' meeting on May 8, 2025, reviewed and approved the financing guarantee limits [4]. Group 3: Necessity and Reasonableness of Guarantees - The guarantees are deemed necessary to meet the operational and developmental needs of the company and its subsidiaries, aligning with the company's overall interests and development plans [6]. - The guaranteed entities are stable and have good creditworthiness, ensuring that the risks are manageable and will not significantly impact the company's operations or harm the interests of minority shareholders [6]. Group 4: Cumulative External Guarantees - As of the announcement date, the total external guarantees provided by the company and its subsidiaries amount to 255.897 million yuan, with no overdue guarantees reported [6].
彤程新材料集团股份有限公司 关于年度预计融资担保进展的公告