Linzhou Heavy Machinery's guarantees exceed net assets

Linzhou Heavy Machinery Group (SZSE:002535) has announced that its total external guarantees, including those for its subsidiaries, now exceed 100% of the company's most recent audited net assets. Specifically, as of the announcement date, the total guarantee balance reached CNY 107,841.57 thousand. Guarantees for entities outside the consolidated financial statements exceed 30% of net assets.