Torch Electron expands guarantees for controlled subsidiaries, totaling 1.729 bn yuan

Fujian Torch Electron Technology Co., Ltd. (Torch Electron) has provided new guarantees for its controlled subsidiaries, with the total external guarantees reaching RMB 1.729 billion as of the disclosure date. This amount represents 31.52% of the company’s net assets as audited on December 31, 2024. All guarantees are for controlled subsidiaries, and there are no overdue guarantees.

The company re-signed a maximum guarantee contract with Ningbo Bank Suzhou Branch on September 25, 2025, providing guarantees for Suzhou Torch, Shanghai Torch, and Shanghai Zihua Optoelectronics for principal amounts of RMB 205 million, RMB 15 million, and RMB 5 million respectively. Additionally, on September 26, 2025, Torch Electron entered into a maximum irrevocable guarantee with China Merchants Bank Quanzhou Branch for Shanghai Torch Group, covering a principal of RMB 20 million.

These guarantee arrangements are within the scope of authority approved by the company’s board of directors and shareholders at various meetings in 2024 and 2025. The guarantees aim to meet the operating needs of subsidiaries, reduce financing costs, and support stable business development, with no anti-guarantees in place.