Company: Hebei Huatong Cable Group Co., Ltd. (Stock Code: 605196)
Announcement No.: 2025-072
Date: August 14, 2025
Subject
Progress Announcement on Subsidiary Applying for Credit Facilities and Receiving Guarantees from the Company and Actual Controllers
Key Information
- Guaranteed Party: HT International (AsiaPacific) Ltd.
- Guarantee Amount: USD 11 million provided by the Company; USD 11 million jointly provided by the Company's actual controllers and their spouses.
- No counter‑guarantee.
- No overdue guarantees.
Overview
The Company and its subsidiaries were previously approved to apply for consolidated credit facilities up to RMB 7 billion (or equivalent foreign currency) from banks and other institutions for 2025. Within this approved limit, subsidiaries may obtain loans, credit lines, letters of credit, factoring, leasing financing, and other facilities. The Board authorized the Chairman to approve such financing and related guarantees within the approved quota.
HT International entered into a USD 11 million finance lease agreement with CIMC Financing Leasing (Group) Co., Ltd.’s Hong Kong entity. The Company and the actual controllers signed guarantee agreements providing corresponding guarantees. The cumulative guarantee amount remains within approved limits; no additional Board or shareholder approval is required.
Guaranteed Party Information
HT International (Asia Pacific) Ltd.- Registered capital: USD 30 million- Date of establishment: June 26, 2014- Address: 12F, The Strand, 49 Bonham Strand East, Sheung Wan, Hong Kong- Business: International trade of wires and cables- Total assets (as of Dec 31, 2024): RMB 858 million- Net assets: RMB 361 million- Asset‑liability ratio: 57.97%- 2024 Revenue: RMB 65.17 million- 2024 Net Profit: RMB 15.68 million- Relationship: Wholly‑owned subsidiary
Main Terms of Guarantee
The Company and the actual controllers shall provide irrevocable and unconditional joint guarantees for HT International's payment obligations under the finance leasing contract. The guarantee term is from August 13, 2025 to August 12, 2031, covering principal, interest, taxes, legal fees and related costs.
Board Opinion
The Board considers that providing the guarantee supports normal business operations and is in the best interests of the Company and shareholders, with no harm to shareholders’ interests.
Cumulative Guarantee Amount
As of the announcement date, the Company’s guarantees to its subsidiaries totaled RMB 2,855,074,072.70, accounting for 90.69% of the latest audited net assets. No overdue guarantees exist.
Board of Directors of Hebei Huatong Cable Group Co., Ltd.
August 14, 2025
