San'an Optoelectronics backs subsidiaries' loans with Cny12.5 bn in new guarantees

San'an Optoelectronics Co., Ltd. (the "Company") has disclosed additional guarantees for its wholly-owned subsidiaries, totaling Cny12.50 billion. These guarantees support various subsidiaries, including San'an Integrated Circuit, Fujian Crysand Optoelectronics, Anhui San'an Optoelectronics, and Chongqing San'an Semiconductor. Individual guarantees range from Cny0.50 billion to Cny9.00 billion across different financial institutions. The guarantees are primarily in the form of joint and several liability, covering principal, interest, penalties, and other associated costs.

The total outstanding guarantee amount for the Company and its holding subsidiaries has reached Cny161.12 billion as of the announcement date. This figure represents 43.70% of the Company's net assets attributable to shareholders as of the end of 2024. The Company has confirmed that there are no overdue external guarantees. These guarantees are within the scope approved by the Company's 2024 Annual General Meeting.

The guarantees are deemed necessary and reasonable, supporting the subsidiaries' financing requirements and operational development. All subsidiaries involved are reported to have stable operations and strong solvency, with no overdue debts, indicating that the guarantee risk is manageable.