Tongwei's extensive guarantees reach billions by October 2025

As of October 31, 2025, Tongwei Co., Ltd. and its subsidiaries have collectively provided mutual guarantees totaling 43.98 bn yuan, with an additional 0.03 bn yuan for joint ventures and associates. The agricultural guarantee subsidiary has extended guarantees of 671 m yuan to downstream customers. These figures remain within the approved limits authorized by the 2024 annual shareholders' meeting.

During October 1-31, 2025, new mutual guarantees between Tongwei and its subsidiaries amounted to 530 m yuan. Furthermore, the agricultural guarantee subsidiary provided new guarantees of 117 m yuan to downstream customers. Notably, all mutual guarantees between Tongwei and its subsidiaries during this period lack counter-guarantee measures.

While mutual guarantees by Tongwei and its subsidiaries show no overdue amounts, the agricultural guarantee subsidiary reported overdue guarantees to downstream customers totaling 3.5842 m yuan. The company is actively pursuing the recovery of 7.9976 m yuan in reimbursement from customers, which arose from fulfilling guarantee obligations.