Truchum increases guarantees for subsidiaries' credit lines

Anhui Truchum Advanced Materials & Technology (SZSE:002171) has announced an increase in its guarantees for credit lines extended to its subsidiaries by commercial banks. The total additional guarantee amount is 36 million yuan. The guarantees support credit lines for Qingyuan Truchum High-Precision Copper Strip, Truchum High-Tech Electrical Materials, Wuhu Truchum Alloy Copper Materials, and Anhui XinHai High-Purity Materials. The announcement specifies individual guarantee amounts for each subsidiary, ranging from 5 million to 15 million yuan. As of the announcement date, the total outstanding guarantee balance for the company's subsidiaries is 654.86 million yuan, representing 104.32% of the company's net assets. The company states the guarantees are to meet the subsidiaries' operational needs and pose a controllable risk.