Tonccheng new materials group updates financing guarantees for subsidiary

Tonccheng New Materials Group has provided an update on its annual estimated financing guarantees. Huaji Chemical (China) Co., Ltd. acted as a guarantor for Tonccheng New Materials Group, providing a guarantee of RMB 140,000,000, with an actual outstanding guarantee balance of RMB 790,500,000. Conversely, Tonccheng New Materials Group acted as a guarantor for Huaji Chemical (China) Co., Ltd., providing a guarantee of RMB 110,000,000, with an actual outstanding guarantee balance of RMB 280,000,000. These guarantees are without counter-guarantees and there are no overdue external guarantees as of the announcement date.

These guarantee activities align with resolutions passed at the company’s Third Board Meeting Twenty-First Session on April 17, 2025, and the 2024 Annual General Meeting on May 8, 2025. The total inter-guarantee credit limit for 2025 is RMB 5,000,000,000, including internal and external guarantees for the company and its subsidiaries.

As of September 30, 2025, Tonccheng New Materials Group reported total assets of RMB 5,483,814,900, total liabilities of RMB 2,882,931,600, and net assets of RMB 2,600,883,300. Huaji Chemical (China) Co., Ltd. reported total assets of RMB 1,283,622,400, total liabilities of RMB 482,563,700, and net assets of RMB 801,058,700 as of the same date. The total outstanding external guarantees for the group amounted to RMB 2,650,860,000, representing 79.04% of the latest audited net assets.