Sanwei Holdings guarantees new loan for rail transit joint venture

Sanwei Holdings Group Co., Ltd. has provided a new guarantee for its joint venture, Sichuan Sanwei Rail Transit Technology Co., Ltd. This guarantee will help Sichuan Sanwei secure a letter of guarantee from Chengdu Bank Co., Ltd. Gaoxin Sub-branch, with a maximum guarantee amount of 5.0526 million yuan.

Prior to this transaction, the company’s accumulated guarantee balance for Sichuan Sanwei stood at 562.5051 million yuan. The total external guarantee amount provided by Sanwei Holdings for Sichuan Sanwei is 1,000 million yuan, which represents 32.07% of the company’s latest audited net assets. This specific guarantee is backed by a counter-guarantee from Wu Shanguo, chairman of Sichuan Sanwei and a shareholder of the company.

The internal approval process for this related-party transaction, including review by the board of directors and an extraordinary general meeting, has been completed. As of the disclosure date, the company has no overdue guarantees.