Yanhua Smartech guarantees subsidiary's $4.5m loan

Shanghai Yanhua Smartech Group (SZSE:002178) announced it will continue providing a guarantee for its holding subsidiary, Chengdu Chengdian Yixing Digital Health Software Co., Ltd. The guarantee covers a maximum debt of RMB 33 million (approximately $4.5 million USD) to Chengdu Bank. This move aims to support the subsidiary's daily operations and ensure sufficient cash flow. The loan principal is RMB 30 million, with a loan term of 1 year starting from February 2025. As of the announcement date, the total guaranteed amount provided by the company to its holding or wholly-owned subsidiaries/grandson companies is RMB 91.98 million, accounting for 20.43% of the company's latest audited net assets. The amount after this guarantee is RMB 87.06 million, accounting for 19.34% of the net asset.