Liaoning SG Automotive provides new guarantee for subsidiary Shuguang Chassis

Liaoning SG Automotive Group Co., Ltd. (the company) has provided a guarantee for its wholly-owned subsidiary, Liaoning Shuguang Automotive Chassis System Co., Ltd. (Shuguang Chassis). This guarantee, totaling CNY 14m, comprises both a guarantee and a mortgage for Shuguang Chassis's financing application with Liaoning Rural Commercial Bank Co., Ltd. Shenyang Hunnan Branch. Additionally, the company's wholly-owned subsidiary, Dandong Shuguang Special Purpose Vehicle Co., Ltd., also provided a guarantee.

As of the announcement date, the company and its subsidiaries have provided actual guarantees totaling CNY 42.8m (including this transaction) for Shuguang Chassis, with outstanding guarantee debt of CNY 31.8m (including this transaction). As of September 30, 2025, Shuguang Chassis had total assets of CNY 1,022.862m, total liabilities of CNY 628.378m, and net assets of CNY 394.484m, with a debt-to-asset ratio of 61.43%.

The company's board of directors and annual general meeting previously approved a total guarantee limit of CNY 1.6bn for 2025, including counter-guarantees, for its other subsidiaries. This new guarantee for Shuguang Chassis falls within this approved limit, which is valid for one year from the date of the 2024 Annual General Meeting. The company currently has no overdue external guarantees.