Citic Heavy Industries Co., Ltd. provided guarantees for two wholly-owned subsidiaries in November 2024, totaling 5.8226 million yuan. Among them, a guarantee of 1.458 million yuan was provided for Citic Heavy Industries Engineering Technology Co., Ltd., including a bid guarantee of 0.5 million yuan and a quality guarantee of 958,000 yuan; a performance guarantee of 0.8646 million yuan was provided for Luoyang Zhongzhong Construction and Installation Engineering Co., Ltd. These guarantees were issued by CM Bank and the Bank of China Luoyang Branch, with validity periods ranging from February 2025 to April 2026.As of November 30, 2024, the total external guarantees provided by Citic Heavy Industries and its holding subsidiaries amounted to 1,534.9417 million yuan, accounting for 19.15% of the company's most recent audited net assets. Among them, the...Show More

Citic Heavy Industries Co., Ltd. provided guarantees for two wholly-owned subsidiaries in November 2024, totaling 5.8226 million yuan. Among them, a guarantee of 1.458 million yuan was provided for Citic Heavy Industries Engineering Technology Co., Ltd., including a bid guarantee of 0.5 million yuan and a quality guarantee of 958,000 yuan; a performance guarantee of 0.8646 million yuan was provided for Luoyang Zhongzhong Construction and Installation Engineering Co., Ltd. These guarantees were issued by CM Bank and the Bank of China Luoyang Branch, with validity periods ranging from February 2025 to April 2026.As of November 30, 2024, the total external guarantees provided by Citic Heavy Industries and its holding subsidiaries amounted to 1,534.9417 million yuan, accounting for 19.15% of the company's most recent audited net assets. Among them, the total expected guarantee amount for entities within the scope of the consolidated financial statements is 1,410 million yuan, while the actual guarantee balance is 58.2011 million yuan, accounting for 0.73% of the company's most recent audited net assets. The board of directors believes that the guaranteed companies are all wholly-owned subsidiaries, over which the company has actual control, the risk is manageable, and it is conducive to the company's operation and long-term development.It is worth noting that the company currently has overdue external guarantee amounts of 124,941,738.5 yuan, and related cases are under review. The company stated that this guarantee aims to promote subsidiaries in expanding the market to obtain more orders and ensure the smooth performance and services of signed projects, which is necessary and reasonable.