Liaoning SG Automotive provides guarantees for high-liability subsidiaries

Liaoning SG Automotive Group announced progress on external guarantees for its wholly-owned subsidiaries, Jiaxing SG and Liuzhou SG. The company provided a maximum guarantee of CNY 3 million for Jiaxing SG's financing with Industrial and Commercial Bank of China. As of the announcement date, the cumulative actual guarantee provided by the company and its subsidiaries to Jiaxing SG, including this latest guarantee, totals CNY 6 million, with an outstanding debt balance of CNY 6 million.

Additionally, Liaoning SG provided a maximum guarantee of CNY 5 million for Liuzhou SG's financing with Bank of Communications. The cumulative actual guarantee provided to Liuzhou SG, including this guarantee, is CNY 29 million, with an outstanding debt balance of CNY 5 million. Both Jiaxing SG and Liuzhou SG have asset-liability ratios above 70% as of June 30, 2025.

The total estimated guarantee amount for 2025 by the company and its subsidiaries for other subsidiaries is CNY 1.6 bn, representing 119.29% of the company's latest audited net assets. As of the announcement date, the actual utilized guarantee amount for other subsidiaries is CNY 601.9766 million, which is 44.88% of the company's latest audited net assets, with an outstanding guarantee debt balance of CNY 492.0956 million, representing 36.69% of the company's latest audited net assets.