Truchum advanced materials boosts subsidiary bank guarantees

Anhui Truchum Advanced Materials & Technology Co., Ltd. (Truchum Advanced Materials) announced the latest developments in providing guarantees for its subsidiaries' and sub-subsidiaries' bank credit applications. These guarantees fall within the RMB1,080,000.00 total approved by the board of directors and shareholders in March and April 2025.

Recent guarantees include RMB50m for Qingyuan Truchum High-Precision Copper Strip Co., Ltd., increasing its total guarantee balance to RMB1,104m. An additional RMB20m was guaranteed for Anhui Truchum Special Steel Co., Ltd., bringing its total to RMB145m. Furthermore, RMB10m was guaranteed for Anhui Truchum Precision Strip Steel Co., Ltd., raising its balance to RMB44m. Truchum Advanced Materials also guaranteed RMB100m for Jiangsu Xinhai High-Conductivity New Materials Co., Ltd., increasing its balance to RMB1,570m, and RMB50m for Anhui Xinhai High-Conductivity New Materials Co., Ltd., bringing its balance to RMB978m.

As of the announcement date, the cumulative outstanding guarantees for subsidiaries and sub-subsidiaries, including these latest agreements, total RMB8,857.58m, representing 113.23% of the company's net assets as of June 30, 2025 (unaudited). All guarantees are for entities within the consolidated financial statements, with no overdue guarantees or litigation-related losses reported.