Shanghai Chengtou Holding guarantees 800m yuan loan for property subsidiary

Shanghai Chengtou Holding Co., Ltd. announced it is providing a guarantee of 800 million yuan for its wholly-owned subsidiary, Shanghai Chengtou Real Estate (Group) Co., Ltd. This guarantee facilitates Chengtou Real Estate's application for a loan from Bank of Communications International Trust Co., Ltd. for project development and construction. The guarantee will be a joint and several liability.

The decision was approved at the company's eleventh board of directors' twentieth meeting on March 27, 2025, with all nine directors voting in favor. The resolution, which covers an estimated total credit guarantee limit of 6.36 billion yuan for the company and its subsidiaries for 2025, was subsequently approved at the 2024 annual shareholders' meeting on June 20, 2025. Furthermore, 800 million yuan of unused guarantee quota from Shanghai Chengzhan Real Estate Co., Ltd. was reallocated to Chengtou Real Estate, leaving Shanghai Chengzhan Real Estate Co., Ltd. with a remaining quota of 200 million yuan.

Following this guarantee, the company and its holding subsidiaries' total external guarantees amount to 7.718 billion yuan, all provided to subsidiaries within the scope of consolidated financial statements. This represents 36.93% of the company's net assets attributable to shareholders as per the 2024 audited financial statements. The company has not provided guarantees to controlling shareholders or actual controllers, nor are there any overdue guarantee matters.