Truchum Advanced Materials provides guarantees for subsidiaries' credit lines

Anhui Truchum Advanced Materials & Technology (SZSE:002171) announced it is providing guarantees for credit lines to its subsidiaries, totaling no more than CNY 720 million. The guarantees are intended to support the working capital needs of subsidiaries including Anhui Truchum High Precision Copper Strip, Anhui Truchum Advanced Electrical Materials, Anhui Truchum Special Steel, Jiangsu Xinhai High Conductivity New Materials, and Anhui Truchum Senhai Copper Industry. As of the announcement date, the total outstanding guarantee amount for the company and its subsidiaries is CNY 660.86 million, accounting for 87.33% of the net assets attributable to shareholders of listed companies as of December 31, 2024.