Anhui Truchum expands subsidiary credit guarantees to support operations

Anhui Truchum Advanced Materials & Technology has finalized several guarantee agreements for its subsidiaries and sub-subsidiaries. These newly added guarantees total 37,500 million yuan, bringing the total guaranteed balance to 881,758 million yuan, as part of a larger approved credit line of 1,080,000 million yuan.

Key agreements include a 15,000 million yuan guarantee for Anhui Truchum Copper Co., Ltd. with China Development Bank Anhui Branch, and another 15,000 million yuan with Bank of China Wuhu Branch. Anhui Truchum Copper also secured 3,000 million yuan with Shanghai Pudong Development Bank Wuhu Branch. Anhui Truchum Electric Material Co., Ltd. received a 1,500 million yuan guarantee with ICBC Wuhu Branch.

Anhui Truchum Electric Material Supply and Marketing Co., Ltd. and Anhui Truchum Precision Strip Steel Co., Ltd. each secured 1,000 million yuan guarantees with Bank of China Wuhu Branch and Shanghai Pudong Development Bank Wuhu Branch, respectively. Anhui Xinhai High Conductive New Materials Co., Ltd., a controlled sub-subsidiary, obtained a 1,000 million yuan guarantee from Bank of China Wuhu Branch.

These guarantees cover the principal, interest, penalties, and other expenses related to the credit facilities, ensuring financial support for the subsidiaries’ production and operations. The company's total outstanding guarantees represent 112.72% of its net assets as of June 30, 2025.