Sinotrans provides unlimited guarantee for subsidiary's futures trading

Sinotrans Limited has announced a significant guarantee for its wholly-owned subsidiary, Qingdao Sinotrans Supply Chain Management Co., Ltd., to support its designated delivery warehouse business for gravure paper futures on the Shanghai Futures Exchange. The guarantee covers all liabilities related to warehousing, safekeeping, outbound delivery, and settlement of gravure paper futures, undertaking an irrevocable, full joint and several liability with no fixed amount.

The guarantee, approved by the company's board of directors and shareholders, is effective until a new guarantee plan is passed at the next annual general meeting. Qingdao Supply Chain, established on August 5, 2016, with a registered capital of CNY 30 million, reported total assets of CNY 274,320,075.40 and liabilities of CNY 199,652,459.46 as of June 30, 2025. Its asset-liability ratio exceeds 70%.

Following this guarantee, Sinotrans' total external guarantees, including those to its holding subsidiaries, total approximately CNY 6.199 bn, representing 14.75% of the company's latest audited net assets. The company states there are no overdue external guarantees.