Sailun Tires: Adjust guarantee amount, provide $50.1 million guarantee for subsidiary.
Triangle Tire announced that, in order to meet the business development and operational needs of its subsidiaries, it plans to adjust the expected guarantee amount for Triangle Hong Kong and its subsidiaries from 9 billion yuan to 8.5 billion yuan within the guarantee amount granted at the first extraordinary general meeting of shareholders in 2024, and for Triangle Shenyang and its subsidiaries from 600 million yuan to 1.1 billion yuan. On November 5, 2025, the company plans to apply to the Shanghai branch of J.P. Morgan Chase for the opening of standby letters of credit not exceeding 50.1 million US dollars to provide guarantees for Triangle North America and Triangle USA. As of the disclosure date of the announcement, the actual guarantee amount of the company and its controlling subsidiaries is 20.414 billion yuan, accounting for 104.64% of the most recent audited net assets, with no overdue guarantees.
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