Red Star Macalline guarantees RMB 90.5m loan for subsidiary

Red Star Macalline Group Corporation announced it will provide a guarantee for its wholly-owned subsidiary, Chongqing Red Star Macalline Expo Home Living Plaza Co., Ltd., to secure a RMB 90.5 million operating property loan from Everbright Bank Chongqing Branch. The guarantee includes a joint and several liability guarantee and an equity pledge of 100% of Chongqing Red Star Macalline's shares held by Red Star Macalline. Additionally, Chongqing Red Star Macalline will provide a mortgage on its property located in Jiulongpo District.

The company's board of directors approved the guarantee on November 20, 2025, noting it is crucial for the subsidiary's operational needs and overall business development. The subsidiary is reported to be in good financial health with strong solvency. As of the announcement date, the total outstanding external guarantees by Red Star Macalline and its controlled subsidiaries, including this transaction, amount to RMB 1,580,712,000.

This cumulative guarantee represents 34.00% of Red Star Macalline's net assets as of December 31, 2024. The total guarantees provided by the company for its controlled subsidiaries amount to RMB 1,397,533,000, which is 30.06% of its net assets. There are no overdue external guarantees.