Guanghui Logistics secures financing, controlling shareholder pledges stock

Guanghui Logistics Co., Ltd. has announced a trust financing deal with China CITIC Financial Asset Management Co., Ltd. The "CITIC Trust • Xinhau 78 Fixed-Income Trust Plan," with a total scale not exceeding RMB 1.6bn, will provide the company with a loan of up to RMB 1.2bn. Guanghui Logistics will act as a junior beneficiary, investing RMB 300,000 cash and RMB 400m in accounts receivable from Xinjiang Yazhong Logistics Business Network Co., Ltd.

To secure this financing, Guanghui Logistics will pledge a 33.30% stake in Xinjiang Hongnao San Railway Co., Ltd. The company's controlling shareholder, Xinjiang Guanghui Industry Investment (Group) Co., Ltd. ("Guanghui Group"), will also provide a guarantee by pledging a portion of its Guanghui Logistics shares. As of November 26, 2025, Guanghui Group has pledged 198,952,400 shares, representing 33.09% of its holdings and 16.67% of Guanghui Logistics' total share capital, increasing the total pledged shares to 368,952,400 shares (61.36% of its holdings, 30.92% of total share capital). The financing aims to enhance the company's capital efficiency and support its operations.