Sichuan Changhong discloses significant subsidiary guarantees, share buyback progress

Sichuan Changhong Electric (SSE:600839) announced significant external guarantees for its wholly-owned subsidiaries, totaling over RMB 1.46 bn, as of the latest disclosure date. These guarantees, representing 100.22% of the company's most recently audited net assets, primarily support Hong Kong Changhong Trading Co. with guarantees amounting to HK$5,000m and $4,000m, and Zero Eight One Electronic Group Co. with RMB 15,000m. The guarantees are part of the company's 2025 estimated external guarantee limits, approved by the board and shareholders in November 2024.

Additionally, Sichuan Changhong provided an update on its share buyback program, which commenced on June 26, 2025, and is expected to conclude by June 25, 2026. The company aims to repurchase shares worth between RMB 25,000m and RMB 50,000m for employee stock ownership plans or equity incentives, with a maximum price of RMB 13.95 per share. As of September 30, 2025, Sichuan Changhong has repurchased 206,300 shares, representing 0.0045% of its total share capital, for a total of RMB 1,999,047 at an average price of RMB 9.69 per share.