Zhejiang Longsheng guarantees DyStar Singapore's $35m loan

Zhejiang Longsheng Group Co., Ltd. has announced a guarantee for its controlling subsidiary, DyStar Singapore Pte Ltd, for a $35 million loan from Hangzhou Bank Co., Ltd. Shanghai Branch. This guarantee is part of the company's approved 2025 annual guarantee quota for its subsidiaries. As of December 25, 2025, Zhejiang Longsheng's total outstanding guarantees for its controlling subsidiaries amount to RMB 917,668.79 million, representing 26.77% of its net assets as of the end of 2024.

The board also approved an internal adjustment of guarantee limits. RMB 100 million was reallocated from Anlu Chemical (Hong Kong) Co., Ltd. to DyStar Singapore. After this adjustment, DyStar Singapore's total guarantee quota from Zhejiang Longsheng is RMB 800 million. This adjustment falls within the scope of the 2024 annual general meeting's approved guarantee quota, negating the need for further board or shareholder approval.

DyStar Singapore is a wholly-owned subsidiary of Zhejiang Longsheng’s controlling subsidiary, DyStar Global Holdings (Singapore) Pte Ltd, with Zhejiang Longsheng indirectly holding 62.43%. Due to ongoing litigation, the other shareholder, Kiri Industries Limited, did not provide a corresponding guarantee. The guarantee supports a $35 million principal debt, with the pledged collateral valued at RMB 280 million. The loan period extends from December 24, 2025, to December 23, 2027.