Beijing Jingyuntong resolves overdue guarantee, secures loan for subsidiary

Beijing Jingyuntong Technology (SSE:601908) has resolved an overdue guarantee related to a loan taken by its wholly-owned subsidiary, Wuxi Jingyuntong Technology. In January 2024, Wuxi Jingyuntong had secured a CNY 50 million loan from China CITIC Bank's Wuxi branch, guaranteed by Beijing Jingyuntong. When Wuxi Jingyuntong was unable to repay the loan on time, China CITIC Bank requested Beijing Jingyuntong to fulfill its guarantee obligations, resulting in an overdue guaranteed amount of CNY 47,992,500.