Kingfa Sci & Tech backs subsidiaries with guarantees for bank financing

Kingfa Sci & Tech Co., Ltd. has provided guarantees totaling 250 million yuan for two of its subsidiaries to secure bank financing. On December 25, 2025, Kingfa Sci & Tech signed a Maximum Guarantee Contract with Shanghai Pudong Development Bank's Shenyang Branch, providing a joint and several liability guarantee for Liaoning Kingfa Technology Co., Ltd. for up to 150 million yuan. Concurrently, its wholly-owned subsidiary, Zhuhai Kingfa Biomaterials Co., Ltd., entered into a Guarantee Contract with Bank of Communications' Panjin Branch, guaranteeing Liaoning Kingfa Biomaterials Co., Ltd. for up to 100 million yuan.

These guarantees align with previously approved limits from the company's 2024 annual shareholders' meeting, which forecasted a 9.5 billion yuan guarantee for Liaoning Kingfa and 1 billion yuan for Liaoning Kingfa Biomaterials for 2025. The company's total external guarantees, including these new commitments, amount to 23.22 billion yuan as of December 25, 2025, representing 129.27% of its net assets as of the 2024 audited financial statements.

Both Liaoning Kingfa and Liaoning Kingfa Biomaterials are controlled by Kingfa Sci & Tech, with the parent company asserting sufficient control and the absence of reverse guarantees for these transactions. The company confirmed no overdue external guarantees.