Tianshan Aluminum guarantees exceed net assets at 104%

Tianshan Aluminum Group has provided guarantees totaling 2.5 billion yuan for its wholly-owned subsidiary Xinjiang Production and Construction Corps Eighth Division Tianshan Aluminum to three Chinese banks.

Following these transactions, Tianshan Aluminum's total external guarantees reached 29.2 billion yuan, representing 104.49% of its latest audited net assets. Guarantees for wholly-owned or controlling subsidiaries totaled 28 billion yuan, or 108.78% of net assets.