Shanghai Chengtou Holding backs subsidiary's loan with guarantee

Shanghai Chengtou Holding Co., Ltd. has provided a joint and several liability guarantee of RMB 105 million for its controlled subsidiary, Huangshan Shanhai Real Estate Co., Ltd. This guarantee supports Shanhai Real Estate's RMB 150 million loan application from Jianyuan Trust Co., Ltd. for project development and construction. The guarantee was approved during the 2025 annual shareholders' meeting.

As of the announcement date, the company's and its controlled subsidiaries' total external guarantees amount to RMB 7.718 bn, all provided to subsidiaries within the consolidated financial statements. This represents 36.93% of the company's net assets attributable to shareholders as of the end of 2024, as per audited figures. The company has not provided guarantees to controlling shareholders, actual controllers, or their related parties, and there are no overdue guarantees.

Shanhai Real Estate's financial indicators as of September 30, 2025, show total assets of RMB 1.27 bn, total liabilities of RMB 857.07 million, and net assets of RMB 414.20 million. For the period of January to September 2025, it reported operating revenue of RMB 10.70 million and a net loss of RMB 32.84 million. The guarantee is deemed necessary for business development and is not expected to adversely affect the company's daily operations or harm investor interests.