Tongwei reports RMB 433bn in external guarantees as of August 31

As of August 31, 2025, Tongwei Co., Ltd. and its subsidiaries have provided inter-guarantees totaling RMB 433.25 billion, with no overdue amounts. Additionally, the company and its subsidiaries have provided guarantees for joint ventures, amounting to RMB 0.03 billion, also with no overdue amounts. Tongwei Agricultural Financing Guarantee Co., Ltd., a subsidiary, has guaranteed downstream customers, with an outstanding liability of RMB 5.87 billion. The total overdue amount for these customer guarantees is RMB 203.03 million.

During the period from August 1 to August 31, 2025, Tongwei and its subsidiaries provided inter-guarantees totaling RMB 1.09 billion. Guarantees for joint ventures amounted to RMB 0.03 billion, while Tongwei Agricultural Financing Guarantee Co., Ltd. provided RMB 1.63 billion in guarantees for customers. The company highlighted that all guarantees fall within the approved limits set by the 2024 annual general meeting.

The company emphasizes that these guarantees are crucial for the operational development of its subsidiaries, joint ventures, and customer relationships, aiding in business expansion and addressing financial needs for small and medium-sized clients. Tongwei stated that it maintains a firm grasp on the financial health of the guaranteed entities, ensuring that the associated risks are manageable and do not harm the interests of the company or its shareholders.