Runjian approves RMB 500m guarantees for subsidiaries

Runjian's board has approved financing and guarantee limits of up to RMB 500 million for its controlled subsidiaries in 2025, representing 8.11% of the company's latest audited net assets.

RMB 480 million is allocated for subsidiaries with asset-liability ratios of 70% or higher, with RMB 20 million for those below 70%. Management can adjust these limits among subsidiaries based on operational needs.

The total estimated guarantee amount for Runjian and its controlled subsidiaries will reach RMB 1.41 billion after this approval.