Core Points - The company has provided guarantees for its subsidiaries and affiliates to support their financing needs, with a total guarantee limit of RMB 12 billion for 2025 [1][2][17] - As of the announcement date, the total amount of guarantees provided by the company and its subsidiaries is RMB 159.26 billion, which is 308.01% of the company's audited net assets for 2024 [17] - The company has no overdue guarantees as of the announcement date [18] Summary of Guarantee Details Guarantee Objects and Basic Information - The company has provided guarantees for several subsidiaries, including Liming Suotong International Trade Co., Ltd., Suotong Qili Carbon Material Co., Ltd., Chongqing Jinqi Carbon Co., Ltd., and others [1][3][17] Cumulative Guarantee Situation - The total guarantee balance for Liming Suotong is RMB 398.50 million, with an unused guarantee limit of RMB 138 million [3] - The total guarantee balance for Suotong Qili is RMB 449.20 million, with an unused guarantee limit of RMB 490 million [3] - The total guarantee balance for Chongqing Jinqi is RMB 175.50 million, with an unused guarantee limit of RMB 273 million [3] - The total guarantee balance for Hubei Suotong is RMB 571.50 million, with an unused guarantee limit of RMB 650 million [3] - The total guarantee balance for Yunnan Suotong Yun Aluminum is RMB 1.56 billion, with an unused guarantee limit of RMB 200 million [3] - The total guarantee balance for Jiayuguan Prebaked Anode is RMB 515 million, with an unused guarantee limit of RMB 812 million [3] - The total guarantee balance for Jiayuguan Carbon Material is RMB 641.10 million, with an unused guarantee limit of RMB 657 million [3] - The total guarantee balance for Tiandong Baikuang is RMB 345.35 million, with an unused guarantee limit of RMB 1.25 billion [3] Internal Decision-Making Process - The guarantee limit for 2025 was approved by the company's board and shareholders, allowing for the guarantees to be used within the approved limit [1][2][17] Necessity and Reasonableness of Guarantees - The guarantees are deemed necessary to support the subsidiaries' operational needs and are aligned with the company's overall strategic interests [17] - The company maintains control over the subsidiaries' management and financial aspects, ensuring that the guarantee risks are manageable [17] Board of Directors' Opinion - The board believes that the guarantees will not adversely affect the company's operations or financial stability, as the subsidiaries have good creditworthiness [17]