RiseSun Real Estate to guarantee subsidiary financing

RiseSun Real Estate Development (SZSE:002146) announced it will provide guarantees for financing of its subsidiaries. The decision was approved at the company's first extraordinary general meeting in 2025. Zhuzhou Rongsheng Real Estate Development will continue to cooperate with China Bohai Bank Changsha Branch for a business of RMB 11,097.43. RiseSun will provide a guarantee with a total amount not exceeding RMB 150 million for the term of 60 months. Simultaneously, Hunan Rongsheng Real Estate Development will provide a pledge of 99.29% of the shares in Zhuzhou Rongsheng Real Estate. As of the disclosure date, the company's total actual guarantee amount is RMB 43.055 billion, representing 182.50% of the company's latest audited net assets. Guarantees for entities outside the consolidated statements totaled RMB 7.575 billion, 32.11% of the net assets. Overdue guarantee amounts were RMB 3.147 billion.