Tiantong Corporation provided a guarantee of 100 million yuan to its subsidiary, with a total guaranteed amount of 500 million yuan.

date
26/09/2025
Tiantong Corporation Issues Progress Announcement on Providing Guarantee for its Subsidiary, Tiantong Kaili Technology Co., Ltd. Tiantong recently signed a "Maximum Amount Guarantee Contract" with the Haining Branch of CITIC Bank, providing joint and several liability guarantees for Tiantong Kaili's credit business of up to 100 million RMB, with a term from 2025 to 2028. Tiantong Kaili is a wholly-owned subsidiary of Tiantong Corporation, with stable operating conditions. This guarantee is within the company's authorized guarantee limit for the year 2025, meeting the overall operational and development needs of the company. As of the announcement date, the company has guaranteed a balance of 500 million RMB for its subsidiaries, accounting for 6.27% of the audited net assets attributable to the parent company for the year 2024, with no overdue guarantee situations.