Jingyuntong guarantees subsidiary's loan to resolve overdue debt

Beijing Jingyuntong Technology Co., Ltd. (Jingyuntong) has provided a guarantee of up to 104.40 million yuan for its wholly-owned subsidiary, Wuxi Jingyuntong Technology Co., Ltd., to facilitate new financing with Bank of Communications Wuxi Branch. This guarantee addresses previously overdue loans from Wuxi Jingyuntong, aiming to ensure the subsidiary's stable operations and long-term development. Jingyuntong's actual outstanding guarantee for Wuxi Jingyuntong currently stands at 246.13 million yuan.

The guarantee falls within the scope of authority approved by Jingyuntong's 2024 annual general meeting, which authorized guarantees for subsidiaries totaling up to 4.5 billion yuan. As of the announcement date, Jingyuntong's total external guarantees, including those for its controlling subsidiaries, amount to 3.872 billion yuan, representing 43.20% of the company's most recent audited net assets. No overdue external guarantees were reported.

Wuxi Jingyuntong Technology Co., Ltd. reported a net asset value of 317.3421 million yuan as of September 30, 2025, and a net loss of 96.0967 million yuan for the first nine months of 2025. The company's asset-liability ratio exceeds 70%, a factor highlighted in the announcement's special risk disclosure.