Financial Street Holdings guarantees CNY 200m for subsidiary

Financial Street Holdings (SZSE:000402) announced it will provide a guarantee for the debt financing of its wholly-owned subsidiary, Tianjin Fangkai Consulting Co., Ltd. The guarantee will not exceed CNY 200 million. This guarantee falls within the approved limits authorized by the company’s shareholders' meeting on May 21, 2025, and the Board of Directors' meeting on April 25, 2025. As of the announcement date, the total guarantee amount provided to wholly-owned and controlled subsidiaries with an asset-liability ratio exceeding 70% is CNY 200 million, with a remaining available guarantee quota of CNY 127.8 billion. The subsidiary, Tianjin Fangkai Consulting, established in 2020 with a registered capital of CNY 480 million, is fully owned by Tianjin Lihu Rongjing Real Estate Co., Ltd. Financial Street Holdings stated that this guarantee is for project development, and the financial risks are controllable.