Jiecang provides RMB 72m guarantee for Singapore subsidiary

Zhejiang Jiecang Linear Motion Technology Co., Ltd. announced a RMB 72 million guarantee for its wholly-owned subsidiary, J-STAR MOTION (SINGAPORE) PTE. LTD., to support its daily operations and business development. This guarantee, provided to China Merchants Bank Shaoxing Shengzhou Branch, is a joint and several liability. No counter-guarantee exists for this transaction.

The guarantee falls within the scope of authority granted by the company's 2024 annual general meeting, which approved an overall external guarantee limit of RMB 1.2 billion for subsidiaries within the consolidated financial statements. The specific period for this guarantee extends from September 28, 2025, to September 25, 2026. The company currently has no overdue guarantee matters.

As of the announcement date, the total approved guarantee amount for Jiecang and its subsidiaries stands at RMB 1.2 billion, representing 27.76% of the latest audited net assets attributable to shareholders. The total guarantee amount under existing, performing contracts is RMB 643 million, which is 14.88% of the latest audited net assets attributable to shareholders. All current guarantees are for wholly-owned subsidiaries within the consolidated financial statements, aligning with the company's overall interests.