Español
Resumen del Anuncio de la Empresa
Company: Hebei Huatong Cable Group Co.,Ltd. (Stock Code: 605196)
Announcement No.: 2025-072
Date: August 14, 2025
Subject
Progress Announcement on SubsidiaryApplying for Credit Facilities and Receiving Guarantees from the Company andActual Controllers
Key Information
- Guaranteed Party: HT International (AsiaPacific) Ltd.- Guarantee Amount: USD 11 million provided by the Company; USD 11 millionjointly provided by the Company's actual controllers and their spouses.- No counter‑guarantee.- No overdue guarantees.
Overview
The Company and its subsidiaries werepreviously approved to apply for consolidated credit facilities up to RMB 7billion (or equivalent foreign currency) from banks and other institutions for2025. Within this approved limit, subsidiaries may obtain loans, credit lines,letters of credit, factoring, leasing financing, and other facilities. TheBoard authorized the Chairman to approve such financing and related guaranteeswithin the approved quota.
HT International entered into a USD 11million finance lease agreement with CIMC Financing Leasing (Group) Co., Ltd.’sHong Kong entity. The Company and the actual controllers signed guaranteeagreements providing corresponding guarantees. The cumulative guarantee amountremains within approved limits; no additional Board or shareholder approval isrequired.
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 controllersshall provide irrevocable and unconditional joint guarantees for HTInternational's payment obligations under the finance leasing contract. Theguarantee 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 theguarantee supports normal business operations and is in the best interests ofthe Company and shareholders, with no harm to shareholders’ interests.
Cumulative Guarantee Amount
As of the announcement date, the Company’sguarantees to its subsidiaries totaled RMB 2,855,074,072.70, accounting for90.69% of the latest audited net assets. No overdue guarantees exist.
Board of Directors of Hebei Huatong Cable Group Co., Ltd.
August 14, 2025
