Gemdale unit guarantees ¥550m loan for Beijing project

Gemdale (Group) Co., Ltd. announced that its subsidiary, VISION BUSINESS PARK (TH) LIMITED, will provide a guarantee for a ¥550 million loan from China Merchants Bank Co., Ltd., Shenzhen Branch. The loan is for its Beijing project company, Weixin Huacqing (Beijing) Real Estate Development Co., Ltd. The loan has a maximum term of 15 years, with the guarantee being a pledge of VISION BUSINESS PARK (TH) LIMITED's 20% equity in the borrowing company.

The guarantee falls within the scope of the annual guarantee authorization approved at the company's Tenth Board of Directors' Eighth Meeting on March 21, 2025, and the 2024 Annual Shareholders' Meeting on June 30, 2025. This authorization allows the chairman to approve guarantees for joint ventures and other business operations, with a new total guarantee limit of ¥100 billion.

As of the announcement date, Gemdale Corporation's total external guarantee balance is ¥184.80 billion, representing 31.30% of its net assets attributable to shareholders as per the 2024 audited financial statements. The company and its controlled subsidiaries provide ¥132.69 billion in guarantees for other controlled subsidiaries and ¥52.11 billion for associated and joint ventures. There are no overdue guarantees.