Jingyuntong Tech provides CNY 685.75m guarantee for subsidiaries

Beijing Jingyuntong Technology (SSE:601908) announced that it will provide a guarantee of CNY 685.75 million for its subsidiaries, Ningxia Zhenyang New Energy and Ningxia Yinyang Photovoltaic Power, to ensure the performance of debt obligations under financing lease agreements with China Resources Financial Leasing. This guarantee is a supplement to previously disclosed guarantees and does not involve an increase in the total guarantee amount. The total guarantee provided by Jingyuntong Tech for Ningxia Zhenyang amounts to CNY 468.75 million, while the total guarantee for Ningxia Yinyang stands at CNY 217 million. Jingyuntong Tech's board believes this support is vital for the subsidiaries' operational needs and long-term development, and that the associated risks are manageable.