Taiji Industry guarantees Taiji Semiconductor's renewed credit facility

Wuxi Taiji Industry has announced a guarantee of 100 million yuan for its wholly-owned subsidiary, Taiji Semiconductor (Suzhou) Co., Ltd., to support a renewed credit facility with China Construction Bank Suzhou New District Sub-branch. This brings the total outstanding guarantee provided by Wuxi Taiji Industry for Taiji Semiconductor to 21,179.74 million yuan. The guarantee, structured as a joint and several liability, falls within the 600 million yuan credit facility approved for Taiji Semiconductor for 2025.

The guarantee aims to meet Taiji Semiconductor's operational funding requirements and ensure its smooth business activities, aligning with Wuxi Taiji Industry's overall interests. Taiji Semiconductor, with Taiji Industry holding 85.06% equity, is considered financially sound, making the guarantee risk controllable. The total external guarantees provided by Wuxi Taiji Industry and its controlled subsidiaries now stand at 75,000 million yuan, representing 8.82% of the company's audited net assets as of 2024.

The company's board of directors and the 2024 annual general meeting had previously approved the 2025 guarantee quota for subsidiaries. The current guarantee action aligns with these approved limits, requiring no further board or shareholder deliberation. There are no overdue guarantees reported by the company.