Summary of Key Points Core Viewpoint - China CRRC Corporation Limited has approved a credit guarantee of up to 1.135 billion dirhams (approximately 2.257 billion RMB) for its subsidiary's participation in the Dubai Metro Blue Line project, indicating a strategic move to support international infrastructure projects and enhance its global presence [1][2]. Group 1: Guarantee Overview - The company’s board approved the guarantee for the Dubai Metro Blue Line project on January 6, 2025 [1]. - The guarantee will be provided by the wholly-owned subsidiary, China CRRC (Hong Kong) Limited, to the project company MLCC BLUE LINE CONTRACTING L.L.C [1]. - Other shareholders will also provide guarantees proportional to their shareholding [1]. Group 2: Guarantee Details - The initial guarantee amount for the performance bond is 4.071 million dirhams (approximately 7.936 million RMB) [4]. - The maximum limit for the performance bond guarantee is set at 372 million dirhams (approximately 7.26 billion RMB) [6]. - The guarantee period is from July 3, 2025, to July 31, 2032, with automatic renewal until all contractual obligations are fulfilled [6]. Group 3: Cumulative Guarantee Situation - As of the announcement date, the total external guarantees provided by the company and its subsidiaries amount to 58.908 billion RMB, representing 34.90% of the audited net assets as of December 31, 2024 [6]. - Guarantees provided to subsidiaries total 54.212 billion RMB, accounting for 32.12% of the audited net assets [6]. - There are no overdue guarantees reported by the company or its subsidiaries [6].