Core Viewpoint - The company is providing a share pledge guarantee for its wholly-owned subsidiary, which is seeking a loan of 1.8 billion RMB for a renewable energy project, indicating a strategic move to support business development and optimize financing channels [2][3][10]. Group 1: Guarantee Details - The guaranteed party is Qiyuan Weichang, a wholly-owned subsidiary of the company's controlling subsidiary, Tianqi Hongyuan [2][3]. - Qiyuan Weichang has applied for a loan of 1.8 billion RMB from Chengde Bank for a 15-year term to fund the Chengde Hangtian Tianqi wind-solar-hydrogen integrated project [2][3]. - Tianqi Hongyuan has pledged 100% of its equity in Qiyuan Weichang, valued at 1 million RMB, as collateral for the loan [2][3]. Group 2: Internal Decision Process - The company held a board meeting on December 26, 2025, and a shareholder meeting on January 12, 2026, to approve the guarantee proposal [4]. - The decision-making process was deemed legal and effective, with the board asserting that the guarantee does not harm the interests of the company or its shareholders [10]. Group 3: Financial Implications - As of the announcement date, the company and its subsidiaries have provided a total of 31 million RMB in guarantees to Qiyuan Weichang, in addition to the current pledge [5][11]. - The total amount of external guarantees provided by the company is 689.1 million RMB, which represents 34.89% of the company's latest audited net assets attributable to shareholders [11]. Group 4: Risk and Necessity - There is no counter-guarantee for this pledge, and the company has no overdue external guarantees as of the announcement date [6][11]. - The board believes that the pledge is necessary for the operational needs of Qiyuan Weichang and will not adversely affect the company's financial status or operational results [9][10].