Jingyuntong Tech provides guarantee update for subsidiary Leshan

Beijing Jingyuntong Technology (SSE:601908) has provided an update regarding guarantees for its subsidiary, Leshan Jingyuntong New Material Technology. The guarantee covers a principal amount of CNY 100.80 million related to a financial leasing contract with Zhejiang Zheshang Financial Leasing, with a remaining unpaid principal of CNY 35.32 million. The total guarantee amount provided by Jingyuntong Tech to Leshan Jingyuntong now stands at CNY 158.65 million. This guarantee is secured by equity pledges from other Jingyuntong subsidiaries, including Tai'an Qicheng Energy and Anqing Xingfa New Energy Technology, as well as a guarantee from Leshan Semiconductor. As of December 31, 2024, Leshan Jingyuntong's assets totaled CNY 588.50 million, with a net asset value of CNY 304.85 million. The company emphasizes that the guarantees are for the benefit of its controlled subsidiary and that risks are manageable. As of now, the total guarantee amount of the listed company is CNY 4.19 billion, or 46.48% of the audited net assets attributable to shareholders of the listed company.