Truchum boosts guarantee for subsidiary Xinhai High Conductive to 1.52 bn yuan

Anhui Truchum Advanced Materials & Technology Co., Ltd. (Truchum) has provided a joint liability guarantee for Jiangsu Xinhai High Conductive New Materials Co., Ltd. (Xinhai High Conductive) to secure a 200m yuan comprehensive credit line from China CITIC Bank Zhenjiang Branch. This action is part of a previously approved total guarantee of up to 1.08bn yuan for its subsidiaries and sub-subsidiaries.

Before this latest transaction, Truchum's guarantee for Xinhai High Conductive stood at 1.32bn yuan. With this additional 200m yuan, the total guarantee for Xinhai High Conductive has increased to 1.52bn yuan. The overall cumulative external guarantee provided by Truchum and its subsidiaries now amounts to 8.56258bn yuan, representing 109.46% of the company's net assets attributable to shareholders as of June 30, 2025 (unaudited).

The company's board believes this guarantee is essential to meet Xinhai High Conductive's operational funding needs and broaden its financing channels, supporting its continued and stable development. Truchum holds an 89.97% stake in Xinhai High Conductive, which reported total assets of 2.7604591bn yuan and a liability-to-asset ratio of 63.16% as of June 30, 2025.