Keda Manufacturing boosts subsidiary financing with new guarantees

Keda Manufacturing Co., Ltd. has announced progress in providing guarantees for its controlling subsidiary, Keda Peru Building Materials Company S.R.L. The company recently signed external guarantee contracts totaling 33,116 yuan to support Keda Peru's business development. These guarantees, structured as joint liability assurances, secure financing from the Industrial and Commercial Bank of China, Guangdong Branch, for terms extending up to three years.

The guarantees are within the previously approved annual guarantee forecast for Keda Peru, which allocated a total of 36,000 yuan for 2025. Following these new contracts, the available guarantee quota for Keda Peru now stands at 2,884 yuan. This move aligns with Keda Manufacturing’s strategy to support the Peruvian glass project, for which Keda Peru is the implementing entity, addressing its financing needs during the project's construction phase.

As of December 24, 2025, Keda Manufacturing and its controlling subsidiaries' total external guarantees amount to 100.40 yuan, representing 87.46% of the company's net assets as of the 2024 audited financial statements. Guarantees provided for controlling subsidiaries specifically total 92.55 yuan. The company confirms no overdue guarantees.