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East Lake High-tech guarantees subsidiary's RMB 400m loan

November 3, 2025 at 09:29 AM UTCBy FilingReader AI

Wuhan East Lake High Technology Groupe (the "Company") has entered into a guarantee agreement with Industrial and Commercial Bank of China Hubei Free Trade Zone Wuhan Branch to provide a guarantee for a RMB 400 million loan for its wholly-owned subsidiary, Wuhan Guojian Health Technology Industry Development Co., Ltd. (Guojian Health). This brings the company's current guarantee exposure for Guojian Health to RMB 400 million, contributing to the total actual guarantee balance of RMB 142,866.13 million for its wholly-owned and controlled subsidiaries.

As of October 31, 2025, the total external guarantee amount, including actual and approved but unused guarantees, for the company and its controlled subsidiaries stands at RMB 636,344.06 million, representing 71.83% of the company's net assets as per the latest audited financial statements. The board believes the guarantee is necessary and reasonable, given the company's full control over its subsidiaries and their repayment capabilities.

Guojian Health, established on April 20, 2023, is currently in the development phase, lacking sales revenue but incurring operational expenses, resulting in a negative net profit of RMB -54.61 million as of September 30, 2025. The guarantee is intended to alleviate construction funding pressure and support Guojian Health's ongoing development and investment promotion efforts.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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