Tianjin TEDA CO., Ltd.: Plans to issue 2 billion bonds, with related parties providing guarantees free of charge

On August 11, 2025, Tianjin TEDA Resource Recycling Group Co., Ltd. held a board meeting to review and approve the proposal to accept the unconditional guarantee provided by the related party Tianjin Bohai State-owned Assets Operation and Management Co., Ltd. for its bond issuance. The company plans to privately issue low-carbon transformation-linked corporate bonds not exceeding 2 billion yuan, with a term of no more than 10 years. Bohai State-owned Assets is an indirectly controlled subsidiary of the company's controlling shareholder and will provide a full, unconditional, irrevocable joint liability guarantee without any cost to the company. This guarantee will help improve the success rate of the bond issuance and reduce costs, and will not adversely affect the company's operations and financial condition. From the beginning of 2025 to date, the company has accumulated related party transaction amounts of 16.2402 million yuan with this related party, which does not meet the disclosure standards. This proposal has been exempted from submission for shareholder meeting review by the Shenzhen Stock Exchange