SY Holdings Group adjusts financial support for affiliate, extends agreement

SY Holdings Group Limited announced an amended financial assistance agreement, effective December 19, 2025, to support Ocean Holdings Factoring, an affiliated company. The agreement extends the expiry date of financial assistance from December 31, 2025, to December 31, 2027.

Under the revised terms, the aggregated maximum daily average balance of financial assistance, encompassing both controlling shareholder guarantees and loans, will not exceed 3.2 times the net assets of Ocean Holdings Factoring for the period from January 1, 2026, to December 31, 2027. This represents a reduction from the previous 4 times. As of the announcement date, the aggregated maximum daily average balance of financial assistance is approximately RMB2,354.5 million.

The agreement constitutes a discloseable transaction under Chapter 14 of the Listing Rules, as one or more applicable percentage ratios exceed 5% but are less than 25%. Additionally, it triggers general disclosure obligations due to the asset ratio exceeding 8%. SY Factoring, an indirect wholly-owned subsidiary, will provide unsecured counter-guarantees and joint and several guarantees in proportion to Qingdao Sunful's shareholding interest, without charging any fees.

As of December 18, 2025, approximately RMB1,535.3 million of financial assistance has been utilized by Ocean Holdings Factoring, with RMB307.7 million comprising guarantees for banking facilities. The Group plans to finance this assistance through internal resources and/or external borrowings if guarantees or counter-guarantees are enforced.