RiseSun Real Estate to guarantee subsidiary financing

RiseSun Real Estate Development (SZSE:002146) announced it will provide guarantee for the financing of its subsidiaries. The guarantees are in line with the resolutions passed at the company's first extraordinary general meeting in 2025 and are necessary to support the development of related projects. Specifically, RiseSun will guarantee RMB 855.723 million in continued cooperation between its wholly-owned subsidiary Nanjing RiseSun Real Estate and China Minsheng Bank Nanjing Branch, with the guarantee amount not exceeding RMB 1,140 million and a term not exceeding 72 months. Nanjing RiseSun Real Estate, Nanjing Rise Island Real Estate, Nanjing Huaou Shundu will provide mortgage guarantees. RiseSun, Nanjing RiseSun Real Estate, and Nanjing Surongda provide pledge guarantees. The total actual guarantee amount of RiseSun is RMB 43.65 billion, accounting for 185.03% of the company's latest audited net assets. Guarantees for entities outside the consolidated statements is RMB 7.587 billion, representing 32.16% of the company’s latest audited net assets. Overdue guarantee amount is RMB 3.16 billion.