Beijing Capital Development guarantees $239.2m for subsidiaries

Beijing Capital Development Co., Ltd. (BCCD) will provide a guarantee of 239.2 million yuan for Beijing Yichang Real Estate Co., Ltd.'s development loan. Yichang Real Estate, a BCCD-affiliated company with BCCD holding a 20% stake, is responsible for the "Silicon Valley ONE" project. The guarantee ensures a loan of 1.196 billion yuan from China Everbright Bank, with BCCD's share aligning with its equity ratio.

Additionally, BCCD will provide a guarantee of 1.1 billion yuan for Guiyang Shoukai Longtai Real Estate Development Co., Ltd.'s trust loan. Guiyang Longtai, a wholly-owned subsidiary of BCCD, is developing the "Shoukai Zixun" project in Guiyang. This guarantee will be provided through debt assumption, a pledge of BCCD's loans to Xitai Company and Xinao Company, and a mortgage on Xitai Company's land use rights in Tongzhou District.

As of the announcement date, BCCD and its controlled subsidiaries' total external guarantees amount to 1,340,871.85 yuan, representing 98.80% of the company's latest audited net assets attributable to the parent company. This includes 1,176,033.85 yuan for consolidated subsidiaries and 164,838.00 yuan for associated companies. Both guarantees aim to meet the production and operation needs of the project companies, aligning with BCCD's overall interests and development strategy.