PCI-Suntek technology guarantees subsidiaries up to 550m yuan for 2025 credit

PCI-Suntek Technology Group Co., Ltd. has progressed on its 2025 estimated guarantee matters, providing guarantees totaling up to 550 million yuan for its wholly-owned and controlled subsidiaries. This includes guarantees of up to 400 million yuan to Guangzhou Bank for Guangzhou PCIS Technology, Guangzhou PCIS Electronic Technology Development, and Guangzhou PCIS Technology, with a further 150 million yuan to Hang Seng Bank for Guangzhou PCIS Electronic. These guarantees are without counter-guarantees and fall within the scope of the 2025 approved guarantee estimates.

As of the announcement date, the company and its subsidiaries' actual outstanding guarantee balance is 3.689 bn yuan. This includes 3.569 bn yuan in bank credit guarantees and 120 million yuan in vendor credit guarantees. This amount represents 48.55% of the company's net assets attributable to shareholders as of the latest audited period.

The total outstanding guarantee amount, including signed but not yet fully drawn agreements, stands at 8.09 bn yuan. The company highlighted a special risk warning as Guangzhou PCIS Technology, Guangzhou PCIS Electronic, and Guangzhou PCIS Technology all had debt-to-asset ratios exceeding 70% as of December 31, 2024. No overdue external guarantees were reported.