Sanwei Holdings guarantees joint venture loan, expands financial commitment

Sanwei Holdings Group Co., Ltd. announced a new related-party guarantee for its joint venture, Sichuan Sanwei Rail Transit Technology Co., Ltd. The company signed a "Maximum Guarantee Contract" with Chengdu Rural Commercial Bank Co., Ltd. Xinjin Branch, committing to a joint liability guarantee for a principal limit of 50 million yuan for domestic trade financing. This brings the company's total cumulative guarantee balance for Sichuan Sanwei to 57,895,770 yuan prior to this new guarantee.

The guarantee was approved following due diligence, with the Fifth Board of Directors' Fourteenth Meeting on December 2, 2024, and the Third Interim Shareholders' Meeting on December 19, 2024, resolving to provide a maximum guarantee amount of 100 million yuan. This amount is eligible for revolving use until December 31, 2025. The company’s chairman, Wu Shanguo, provides a counter-guarantee, ensuring that if Sichuan Sanwei defaults, Mr. Wu will assume the liability.

As of the disclosure date, the company's total external guarantee for Sichuan Sanwei amounts to 100 million yuan, representing 32.07% of the company's latest audited net assets. The outstanding guarantee balance for Sichuan Sanwei is 57,895,770 yuan, which is 18.56% of the company's latest audited net assets. There are no overdue guarantees.