TBEA(SH:600089) Shang Hai Zheng Quan Bao·2026-01-21 19:10Core Viewpoint - The company held its first extraordinary board meeting of 2026, where several key resolutions were passed, including adjustments to board committee members, providing guarantees for its subsidiary in India, and plans for a bond issuance of up to 5 billion RMB [1][5][22]. Group 1: Board Resolutions - The board approved the adjustment of members in the 11th Board's specialized committees due to the resignation of a director [2][3]. - The strategic and sustainable development committee and the nomination committee saw changes in their member composition, with the addition of a new member [2]. - The board unanimously approved the proposal to provide guarantees for the subsidiary, TBEA Energy (India) Co., Ltd., to secure bank credit [5][16]. Group 2: Guarantee for Subsidiary - The company will provide guarantees for TBEA Energy (India) to secure a total of $4 million (2 million from Deutsche Bank and 2 million from HSBC) and an additional 1 billion Indian Rupees (approximately 79.2 million RMB) from DBS Bank [8][9]. - The guarantee is aimed at supporting the subsidiary's operational needs and expanding its financing channels [15][16]. - The subsidiary has a debt ratio exceeding 70%, and the guarantee proposal will be submitted for shareholder approval [9][17]. Group 3: Bond Issuance - The company plans to issue bonds with a total scale of up to 5 billion RMB to optimize its financing structure and reduce costs [22]. - The bond issuance will include a maximum of 2 billion RMB in short-term bonds, with a maturity of up to 10 years [23][24]. - The funds raised will be used for operational needs, debt repayment, and project support [25][28]. Group 4: Shareholder Meeting - The company will hold its first extraordinary shareholder meeting on February 6, 2026, to discuss the resolutions passed by the board [35][37]. - The meeting will allow both onsite and online voting, ensuring broader participation from shareholders [38][39]. - All resolutions passed by the board will be presented for shareholder approval, with no special resolutions required [41].