Hisense Visual Technology details subsidiary guarantees

Hisense Visual Technology announced the progress of guarantees provided to its wholly-owned subsidiaries, Xiamen Changelight Co. and Yangzhou Changelight Co. Changelight Technology received a maximum guarantee of RMB 200m for its principal debt balance, while Yangzhou Changelight was guaranteed up to RMB 80m. The total outstanding guarantee provided by Hisense Visual Technology for these subsidiaries amounts to RMB 1.173bn.

These guarantees fall within the previously approved limits from the company's 2025 annual guarantee forecast, which allowed for up to RMB 1.8bn in guarantees for these entities. The guarantees, approved by the board on December 6, 2024, and by shareholders on December 23, 2024, are designed to support the daily operational and business development needs of the subsidiaries. The company states that the subsidiaries have stable operations and good credit, making the guarantee risk controllable.

The total external guarantees provided by Hisense Visual Technology and its controlled subsidiaries, including the current transactions, reached RMB 1.553bn, representing 7.93% of the company's most recent audited net assets. There are no overdue external guarantees.