Jingyuntong guarantees subsidiary's loan amid overdue debt

Beijing Jingyuntong Technology Co., Ltd. (Jingyuntong) will provide a guarantee of up to 30m yuan for its wholly-owned subsidiary, Wuxi Jingyuntong Technology Co., Ltd., to China Everbright Bank Wuxi Huishan Branch. This guarantee aims to resolve an overdue loan and facilitate new lending agreements for Wuxi Jingyuntong, which currently has an actual guaranteed balance of 227.13m yuan. The guarantee, along with an existing one from Wuxi Rongneng Semiconductor Material Co., Ltd., will ensure the fulfillment of the primary loan contract.

The decision was approved by the company's Sixth Board of Directors' Sixth Meeting on April 27, 2025, and the 2024 Annual Shareholders' Meeting on June 26, 2025. The total approved guarantee limit for subsidiaries is 4.5bn yuan, with 2.5bn yuan allocated for entities with a debt-to-asset ratio above 70%, and 2bn yuan for those below 70%. This specific guarantee falls within the previously authorized amount, requiring no further board or shareholder approval.

As of the announcement date, Jingyuntong and its controlled subsidiaries have an aggregate external guarantee amount of 3.83bn yuan, representing 42.74% of the company's most recent audited net assets. All guarantees are for consolidated subsidiaries, with no guarantees provided to controlling shareholders, actual controllers, or their affiliates, and no overdue external guarantees.