Guanghui Logistics guarantees subsidiary loan for railway operations

Guanghui Logistics Co. (the company) has provided a joint liability guarantee of RMB 200 million for Xinjiang Hongnao III Railway Co. (the railway company) for a renewed loan facility with Kunlun Bank Co., Urumqi Branch. This guarantee supports the railway company's daily business operations. Additionally, the company's wholly-owned subsidiary, Xinjiang Yazhong Logistics Business Network Co., provided mortgage collateral for the same loan.

As of the announcement date, Guanghui Logistics and its controlled subsidiaries' total outstanding guarantees amount to RMB 2.712 bn, including the current transaction. This figure represents 38.88% of the company's latest audited net assets attributable to shareholders. The railway company is a controlled subsidiary, with Guanghui Logistics holding 92.77% ownership.

The board and shareholders previously approved a total guarantee limit of RMB 5.535 bn for controlled subsidiaries in 2025. The railway company has seen new guarantee amounts totaling RMB 635 million this year, including the current guarantee, remaining within approved limits. The company confirms no overdue guarantee situations.