Jingyuntong provides CNY 47.99m guarantee for subsidiary

Beijing Jingyuntong Technology (SSE:601908) announced that it has provided a guarantee of CNY 47.99 million for its subsidiary, Wuxi Jingyuntong Technology, to refinance an overdue loan. The guarantee is part of a broader agreement with China CITIC Bank Wuxi Branch. The new loan agreement aims to address Wuxi Jingyuntong's existing debt of CNY 47.99 million, which had been overdue. As of the end of September 2024, Wuxi Jingyuntong's assets totaled CNY 196.42 million, with liabilities of CNY 136.33 million, and a net asset value of CNY 60.09 million. The subsidiary's asset-liability ratio was 69.41%. As of the announcement date, the total amount of external guarantees provided by Beijing Jingyuntong and its subsidiaries reached CNY 4.28 billion.