Liaoning Chengda guarantees RMB 100m for subsidiary's Bank of China financing

Liaoning Chengda Co., Ltd. has announced a RMB 100 million guarantee for Liaoning Chengda International Trade Co., Ltd.'s financing with the Bank of China. This guarantee brings the total outstanding guarantee balance for the subsidiary to RMB 584.6 million. The decision aligns with the subsidiary's business needs and the parent company's strategic development. Liaoning Chengda International Trade Co., Ltd. is 51% owned by Liaoning Chengda.

As of the disclosure date, Liaoning Chengda and its controlled subsidiaries have approved a total external guarantee amount of RMB 7.066 billion, representing 24.12% of the company's net assets as per the 2024 audited financial statements. Guarantees provided by the company to its controlled subsidiaries, and among subsidiaries, total RMB 7 billion, accounting for 23.89% of net assets.

The actual outstanding guarantee balance for Liaoning Chengda and its controlled subsidiaries stands at RMB 1.4756 billion, or 5.04% of the 2024 net assets. There are no overdue external guarantees. The guarantee period for each debt is three years from the maturity date of the respective debt.