Lotus Holdings proposes director election and subsidiary guarantee

Lotus Holdings Co., Ltd. has announced that it will hold a second extraordinary general meeting of shareholders in 2025 to vote on key proposals. The first proposal involves the election of Mr. Sha Lei as a non-independent director to the ninth board of directors. The second proposal seeks approval for a guarantee not exceeding CNY 14 million for its wholly-owned subsidiary, Lotus Health Group Company, to support its business development. The guarantee will be secured by mortgaging the company's real estate. As of March 31, 2025, Lotus Health Group Company had total assets of CNY 108.11 million and net assets of CNY 19.12 million. The company's external guarantees, including the proposed one, account for 57.65% of its net assets. The board has already approved these proposals.