Core Viewpoint - Tianjin TEDA Resource Recycling Group Co., Ltd. has provided a guarantee of 178.8551 million yuan for its subsidiary Yangzhou TEDA Environmental Protection Co., Ltd. to secure financing from China Railway Construction Financial Leasing Co., Ltd. [3][8] Summary by Sections 1. Guarantee Overview - Yangzhou TEDA Environmental Protection Co., Ltd. applied for financing of 178.8551 million yuan with a term of 72 months, for which the company provides a joint liability guarantee [3]. 2. Guarantee Approval - The company’s shareholders approved a guarantee limit of 690 million yuan for Yangzhou TEDA Environmental Protection in a meeting held on December 30, 2024. After this guarantee, the remaining guarantee balance for Yangzhou TEDA Environmental Protection is 599.0801 million yuan, leaving an available guarantee limit of 90.9199 million yuan [4]. 3. Basic Information of the Guaranteed Party - Yangzhou TEDA Environmental Protection Co., Ltd. was established on November 12, 2008, with a registered capital of 38 million yuan. Its main business includes urban waste incineration power generation and related environmental projects [5]. 4. Guarantee Agreement Details - The guarantee agreement includes a guarantee amount of 178.8551 million yuan, a joint liability guarantee method, and a guarantee period lasting until three years after the main contract obligations are fulfilled [7][9][10]. 5. Board of Directors' Opinion - The board believes that the guarantee is necessary for the subsidiary's operational needs and considers the associated risks to be manageable, ensuring no harm to the company's interests [12]. 6. Cumulative Guarantee Amount - After this guarantee, the total guarantee amount provided by the company and its subsidiaries is 11.266 billion yuan, which accounts for 196.41% of the company's latest audited net assets [13].