Special Risk Warning
The subsidiaries to be guaranteed include Chongqing Aluminum Era Technology Co., Ltd., Wuwei New Aluminum Era Technology Co., Ltd., Chongqing New Aluminum Era Material Technology Co., Ltd., and Chongqing New Aluminum Era Special Aluminum Material Co., Ltd. Notably, both Chongqing Aluminum Era Technology Co., Ltd. and Wuwei New Aluminum Era Technology Co., Ltd. have debt ratios exceeding 70%. Investors are advised to pay attention to the associated risks.
Overview of Guarantee Situation
To meet the daily operational needs and enhance the financing capabilities of wholly-owned subsidiaries, the company plans to provide guarantees for bank loans up to RMB 600 million. Among this, guarantees for subsidiaries with debt ratios over 70% will not exceed RMB 500 million, while those below 70% will not exceed RMB 100 million. The guarantee period will be 12 months from the date of approval by the 2025 annual general meeting. The guarantees may include but are not limited to guarantees, mortgages, and pledges. The guarantee limit can be reused within the specified period, and the company may adjust the guarantee amounts among the guaranteed entities as necessary.
| Guarantee Provider | Guaranteed Entity | Shareholding Ratio | Latest Debt Ratio | Current Guarantee Balance | New Guarantee Limit | Guarantee Limit as % of Latest Net Assets | Related Guarantee |
|---|---|---|---|---|---|---|---|
| Chongqing Aluminum Era Technology Co., Ltd. | 100% | 70.22% | 14,361 | 35,000 | 21.43% | No | |
| Wuwei New Aluminum Era Technology Co., Ltd. | 100% | 78.82% | 4,943 | 15,000 | 9.19% | No | |
| Chongqing New Aluminum Era Material Technology Co., Ltd. | 100% | 0.02% | 0 | 5,000 | 3.06% | No | |
| Chongqing New Aluminum Era Special Aluminum Material Co., Ltd. | 100% | 0.01% | 0 | 5,000 | 3.06% | No | |
| Total | 19,304 | 60,000 | 36.74% |