China Tianying adjusts guarantee limits for subsidiaries

China Tianying (SZSE: 000035) announced an adjustment to its internal guarantee limits for subsidiaries. CNY 7,000,000 was reallocated from Jiangsu Tianying Environmental Energy Co., Ltd. to Jiangsu Haitong Economic and Trade Co., Ltd. This adjustment, representing 0.64% of the company's latest audited net assets, falls within the authorization granted at the 2024 Annual General Meeting. China Tianying also provides a guarantee for Jiangsu Haitong Economic and Trade Co., Ltd. regarding a CNY 7,000,000 credit line with Postal Savings Bank of China Nantong Branch, for the purchase of raw materials and equipment. As of the announcement, the company's total guarantees to subsidiaries stand at CNY 10,929,000,000, representing 99.97% of its latest audited net assets. There are no overdue guarantees.