Shang Hai Zheng Quan Bao·2026-01-23 19:29Core Viewpoint - Tianjin Chuangye Environmental Protection Group Co., Ltd. has announced that it will provide a guarantee for its subsidiary, Weng'an Chuanghuan Water Co., Ltd., to support its financing needs for a wastewater treatment project [2][6]. Group 1: Guarantee Details - The guarantee amount is capped at RMB 12,010 million, which includes principal, interest, penalties, and other related costs [3][4]. - The loan term is set for 20 years, with the guarantee period lasting one year after the main contract's debt fulfillment [4]. - The company will provide a guarantee based on its 97% equity stake in Weng'an Company, which will offer a counter-guarantee through project revenue rights and accounts receivable [4][6]. Group 2: Decision Process - The board of directors approved the guarantee proposal unanimously during the second meeting of the tenth board on January 23, 2026, with 9 votes in favor and no opposition [6]. - The decision to provide the guarantee is within the board's authority and does not require shareholder approval [2][6]. Group 3: Financial Context - As of the announcement date, the total amount of guarantees provided by the company to its subsidiaries is RMB 302,362.73 million, which represents approximately 30.63% of the company's most recent audited net assets, with no overdue guarantees reported [6].